Recent Analysts’ Ratings Changes for Triplepoint Venture Growth BDC (TPVG)

A number of firms have modified their ratings and price targets on shares of Triplepoint Venture Growth BDC (NYSE: TPVG) recently:

  • 10/29/2018 – Triplepoint Venture Growth BDC was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 10/23/2018 – Triplepoint Venture Growth BDC was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 10/23/2018 – Triplepoint Venture Growth BDC was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “TriplePoint Venture Growth BDC Corp. is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to maximize its total return to stockholders primarily in the form of current income and, to a lesser extent, capital appreciation by primarily lending with warrants to venture growth stage companies focused in technology, life sciences and other high growth industries backed by a select group of leading venture capital investors. TriplePoint Venture Growth BDC Corp. is based in United States. “
  • 10/16/2018 – Triplepoint Venture Growth BDC was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 10/8/2018 – Triplepoint Venture Growth BDC was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 9/20/2018 – Triplepoint Venture Growth BDC is now covered by analysts at Wells Fargo & Co. They set an “outperform” rating and a $14.25 price target on the stock.

NYSE TPVG opened at $12.30 on Tuesday. Triplepoint Venture Growth BDC Corp has a 1 year low of $11.11 and a 1 year high of $14.15. The firm has a market capitalization of $217.70 million, a price-to-earnings ratio of 7.64, a P/E/G ratio of 2.34 and a beta of 1.22.

Triplepoint Venture Growth BDC (NYSE:TPVG) last released its quarterly earnings data on Wednesday, August 1st. The investment management company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.10. Triplepoint Venture Growth BDC had a net margin of 47.08% and a return on equity of 10.49%. The company had revenue of $16.55 million during the quarter, compared to the consensus estimate of $13.40 million. Equities research analysts forecast that Triplepoint Venture Growth BDC Corp will post 1.74 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TPVG. JPMorgan Chase & Co. boosted its stake in Triplepoint Venture Growth BDC by 66.4% in the first quarter. JPMorgan Chase & Co. now owns 47,100 shares of the investment management company’s stock valued at $563,000 after acquiring an additional 18,798 shares in the last quarter. Bank of Montreal Can acquired a new position in Triplepoint Venture Growth BDC in the second quarter valued at $2,707,000. Essex Investment Management Co. LLC boosted its stake in Triplepoint Venture Growth BDC by 22.4% in the second quarter. Essex Investment Management Co. LLC now owns 91,578 shares of the investment management company’s stock valued at $1,138,000 after acquiring an additional 16,750 shares in the last quarter. Texas Yale Capital Corp. boosted its stake in Triplepoint Venture Growth BDC by 84.4% in the second quarter. Texas Yale Capital Corp. now owns 42,600 shares of the investment management company’s stock valued at $530,000 after acquiring an additional 19,500 shares in the last quarter. Finally, West Family Investments Inc. acquired a new position in Triplepoint Venture Growth BDC in the second quarter valued at $581,000. Institutional investors own 38.17% of the company’s stock.

TriplePoint Venture Growth BDC Corp is a business development company specializing investments in growth stage. It also provides debt financing to venture growth space companies which includes growth capital loans, equipment financings, revolving loans, and direct equity investments. The fund seeks to invest in e-commerce, entertainment, technology and life sciences sector.

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