Shares of Triplepoint Venture Growth BDC Corp (NYSE:TPVG) have received an average recommendation of “Hold” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $14.08.
Several analysts have commented on TPVG shares. Compass Point set a $14.00 target price on shares of Triplepoint Venture Growth BDC and gave the stock a “buy” rating in a research note on Monday, August 13th. Wells Fargo & Co began coverage on shares of Triplepoint Venture Growth BDC in a research note on Thursday, September 20th. They set an “outperform” rating and a $14.25 price objective for the company. ValuEngine raised shares of Triplepoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Tuesday, October 16th. Finally, Zacks Investment Research raised shares of Triplepoint Venture Growth BDC from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Saturday, November 3rd.
Hedge funds have recently modified their holdings of the business. Bank of Montreal Can lifted its holdings in Triplepoint Venture Growth BDC by 5.5% in the 3rd quarter. Bank of Montreal Can now owns 229,800 shares of the investment management company’s stock worth $3,123,000 after buying an additional 12,000 shares in the last quarter. WESPAC Advisors LLC acquired a new position in Triplepoint Venture Growth BDC in the 3rd quarter worth $1,119,000. Resource America Inc. acquired a new position in Triplepoint Venture Growth BDC in the 3rd quarter worth $843,000. West Family Investments Inc. acquired a new position in Triplepoint Venture Growth BDC in the 2nd quarter worth $581,000. Finally, Putnam Investments LLC lifted its holdings in Triplepoint Venture Growth BDC by 68.7% in the 3rd quarter. Putnam Investments LLC now owns 351,683 shares of the investment management company’s stock worth $4,780,000 after buying an additional 143,230 shares in the last quarter. Hedge funds and other institutional investors own 32.83% of the company’s stock.
Shares of TPVG stock opened at $12.11 on Tuesday. Triplepoint Venture Growth BDC has a 52-week low of $11.11 and a 52-week high of $13.95. The company has a market cap of $296.97 million, a P/E ratio of 7.52, a price-to-earnings-growth ratio of 2.44 and a beta of 1.19.
Triplepoint Venture Growth BDC (NYSE:TPVG) last posted its quarterly earnings results on Wednesday, October 31st. The investment management company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.04. Triplepoint Venture Growth BDC had a net margin of 53.66% and a return on equity of 11.43%. The company had revenue of $17.68 million during the quarter, compared to the consensus estimate of $15.47 million. On average, analysts anticipate that Triplepoint Venture Growth BDC will post 1.64 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.44 dividend on an annualized basis and a yield of 11.89%. Triplepoint Venture Growth BDC’s dividend payout ratio (DPR) is 89.44%.
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.
See Also: Do You Need a Fiduciary?
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.