Triplepoint Venture Growth BDC Corp (NYSE:TPVG) has received a consensus rating of “Hold” from the six research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $14.69.
A number of research firms recently issued reports on TPVG. Zacks Investment Research raised Green Brick Partners from a “sell” rating to a “hold” rating in a research report on Thursday, April 25th. Compass Point cut Santander Consumer USA from a “buy” rating to a “neutral” rating in a research report on Monday, May 6th. Finally, Nomura began coverage on Triplepoint Venture Growth BDC in a research report on Monday, July 8th. They set a “buy” rating and a $16.00 price objective for the company.
TPVG traded up $0.43 during trading on Monday, reaching $14.91. 863,553 shares of the stock traded hands, compared to its average volume of 172,473. The stock has a market cap of $369.47 million, a PE ratio of 8.72, a price-to-earnings-growth ratio of 3.00 and a beta of 1.12. Triplepoint Venture Growth BDC has a fifty-two week low of $10.25 and a fifty-two week high of $15.00. The firm’s 50-day moving average price is $14.08.
Triplepoint Venture Growth BDC (NYSE:TPVG) last released its quarterly earnings data on Wednesday, May 1st. The investment management company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. The firm had revenue of $17.49 million during the quarter, compared to analysts’ expectations of $17.35 million. Triplepoint Venture Growth BDC had a return on equity of 12.50% and a net margin of 57.09%. Equities research analysts predict that Triplepoint Venture Growth BDC will post 1.61 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of TPVG. Morgan Stanley boosted its holdings in Triplepoint Venture Growth BDC by 29.3% during the third quarter. Morgan Stanley now owns 131,198 shares of the investment management company’s stock worth $1,783,000 after purchasing an additional 29,721 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Triplepoint Venture Growth BDC in the first quarter valued at about $1,070,000. Resource America Inc. boosted its stake in Triplepoint Venture Growth BDC by 4.1% in the first quarter. Resource America Inc. now owns 64,536 shares of the investment management company’s stock valued at $888,000 after acquiring an additional 2,536 shares during the last quarter. Advisor Group Inc. boosted its stake in Triplepoint Venture Growth BDC by 21.0% in the fourth quarter. Advisor Group Inc. now owns 40,179 shares of the investment management company’s stock valued at $438,000 after acquiring an additional 6,978 shares during the last quarter. Finally, Koshinski Asset Management Inc. purchased a new position in Triplepoint Venture Growth BDC in the first quarter valued at about $330,000. Institutional investors own 31.00% of the company’s stock.
About Triplepoint Venture Growth BDC
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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