Analysts Set Triplepoint Venture Growth BDC Corp (NYSE:TPVG) Price Target at $14.69

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Shares of Triplepoint Venture Growth BDC Corp (NYSE:TPVG) have received a consensus recommendation of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $14.69.

TPVG has been the subject of a number of recent analyst reports. Compass Point cut shares of Santander Consumer USA from a “buy” rating to a “neutral” rating in a report on Monday, May 6th. Zacks Investment Research raised shares of Green Brick Partners from a “sell” rating to a “hold” rating in a report on Thursday, April 25th. Finally, Nomura initiated coverage on shares of Triplepoint Venture Growth BDC in a report on Monday, July 8th. They issued a “buy” rating and a $16.00 price objective for the company.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Morgan Stanley boosted its position in shares of Triplepoint Venture Growth BDC by 29.3% in the 3rd 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 in the last quarter. Advisor Group Inc. boosted its position in shares of Triplepoint Venture Growth BDC by 21.0% in the 4th quarter. Advisor Group Inc. now owns 40,179 shares of the investment management company’s stock worth $438,000 after purchasing an additional 6,978 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Triplepoint Venture Growth BDC by 13.3% in the 4th quarter. Great West Life Assurance Co. Can now owns 6,856 shares of the investment management company’s stock worth $72,000 after purchasing an additional 806 shares in the last quarter. Macquarie Group Ltd. bought a new stake in shares of Triplepoint Venture Growth BDC in the 4th quarter worth approximately $44,000. Finally, Deutsche Bank AG boosted its position in shares of Triplepoint Venture Growth BDC by 31.8% in the 4th quarter. Deutsche Bank AG now owns 10,675 shares of the investment management company’s stock worth $116,000 after purchasing an additional 2,575 shares in the last quarter. Institutional investors and hedge funds own 31.00% of the company’s stock.

TPVG traded down $0.03 on Monday, reaching $14.48. The stock had a trading volume of 148,294 shares, compared to its average volume of 112,914. Triplepoint Venture Growth BDC has a 12-month low of $10.25 and a 12-month high of $14.69. The company has a 50-day moving average price of $14.08. The company has a market cap of $358.81 million, a P/E ratio of 8.47, a P/E/G ratio of 3.00 and a beta of 1.12.

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 for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. Triplepoint Venture Growth BDC had a net margin of 57.09% and a return on equity of 12.50%. The company had revenue of $17.49 million during the quarter, compared to analysts’ expectations of $17.35 million. On average, equities analysts forecast that Triplepoint Venture Growth BDC will post 1.61 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a $0.36 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $1.44 annualized dividend and a dividend yield of 9.94%. Triplepoint Venture Growth BDC’s dividend payout ratio (DPR) is 84.21%.

Triplepoint Venture Growth BDC Company Profile

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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