TriplePoint Venture Growth BDC (NYSE:TPVG) Stock Rating Lowered by ValuEngine

TriplePoint Venture Growth BDC (NYSE:TPVG) was downgraded by ValuEngine from a “strong-buy” rating to a “buy” rating in a research report issued on Friday, February 2nd.

A number of other research firms have also commented on TPVG. Zacks Investment Research lowered shares of TriplePoint Venture Growth BDC from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Ladenburg Thalmann Financial Services assumed coverage on shares of TriplePoint Venture Growth BDC in a research report on Tuesday, December 12th. They issued a “neutral” rating on the stock. Finally, Compass Point raised shares of TriplePoint Venture Growth BDC from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 28th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $14.00.

TriplePoint Venture Growth BDC (TPVG) opened at $12.20 on Friday. TriplePoint Venture Growth BDC has a 52-week low of $11.60 and a 52-week high of $14.41. The company has a market cap of $209.35, a P/E ratio of 8.65, a PEG ratio of 0.83 and a beta of 1.23.

A number of hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN increased its position in TriplePoint Venture Growth BDC by 6.3% during the fourth quarter. Wells Fargo & Company MN now owns 455,672 shares of the investment management company’s stock worth $5,782,000 after acquiring an additional 27,200 shares during the period. Bank of Montreal Can increased its position in TriplePoint Venture Growth BDC by 13.6% during the fourth quarter. Bank of Montreal Can now owns 217,800 shares of the investment management company’s stock worth $2,764,000 after acquiring an additional 26,000 shares during the period. Delphi Management Inc. MA increased its position in TriplePoint Venture Growth BDC by 2.2% during the fourth quarter. Delphi Management Inc. MA now owns 184,286 shares of the investment management company’s stock worth $2,339,000 after acquiring an additional 3,904 shares during the period. PVG Asset Management Corp increased its position in TriplePoint Venture Growth BDC by 3.7% during the third quarter. PVG Asset Management Corp now owns 107,548 shares of the investment management company’s stock worth $1,679,000 after acquiring an additional 3,880 shares during the period. Finally, BlackRock Inc. increased its position in TriplePoint Venture Growth BDC by 10.0% during the fourth quarter. BlackRock Inc. now owns 104,268 shares of the investment management company’s stock worth $1,323,000 after acquiring an additional 9,461 shares during the period. 33.73% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “TriplePoint Venture Growth BDC (NYSE:TPVG) Stock Rating Lowered by ValuEngine” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece on another site, it was stolen and reposted in violation of international copyright legislation. The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2018/02/13/triplepoint-venture-growth-bdc-tpvg-downgraded-to-buy-at-valuengine.html.

TriplePoint Venture Growth BDC Company Profile

TriplePoint Venture Growth BDC Corp. is a 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, which are backed by TriplePoint Capital LLC’s (TPC) select group of venture capital investors.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for TriplePoint Venture Growth BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TriplePoint Venture Growth BDC and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply