Nomura initiated coverage on shares of Triplepoint Venture Growth BDC (NYSE:TPVG) in a research report report published on Monday, Benzinga reports. The brokerage issued a buy rating and a $16.00 target price on the investment management company’s stock.
Several other brokerages also recently weighed in on TPVG. Compass Point downgraded shares of Santander Consumer USA from a buy rating to a neutral rating in a research note on Monday, May 6th. Zacks Investment Research raised shares of Green Brick Partners from a sell rating to a hold rating in a research note on Thursday, April 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Triplepoint Venture Growth BDC presently has a consensus rating of Hold and a consensus target price of $14.95.
Shares of TPVG opened at $14.51 on Monday. Triplepoint Venture Growth BDC has a fifty-two week low of $10.25 and a fifty-two week high of $14.61. The business’s 50 day simple moving average is $14.07. The stock has a market cap of $358.16 million, a P/E ratio of 8.49, a P/E/G ratio of 2.98 and a beta of 1.12.
Triplepoint Venture Growth BDC (NYSE:TPVG) last announced its earnings results on Wednesday, May 1st. The investment management company reported $0.40 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $17.49 million for the quarter, compared to the consensus estimate of $17.35 million. On average, analysts anticipate that Triplepoint Venture Growth BDC will post 1.61 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 9.92%. The ex-dividend date of this dividend was Thursday, May 30th. Triplepoint Venture Growth BDC’s dividend payout ratio is presently 84.21%.
Several large investors have recently made changes to their positions in TPVG. Acadian Asset Management LLC purchased a new stake in shares of Triplepoint Venture Growth BDC in the 1st quarter valued at approximately $1,070,000. Morgan Stanley increased 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 valued at $1,783,000 after purchasing an additional 29,721 shares during the last quarter. Koshinski Asset Management Inc. purchased a new stake in shares of Triplepoint Venture Growth BDC in the 1st quarter valued at approximately $330,000. Advisor Group Inc. increased 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 valued at $438,000 after purchasing an additional 6,978 shares during the last quarter. Finally, Macquarie Group Ltd. purchased a new stake in shares of Triplepoint Venture Growth BDC in the 4th quarter valued at approximately $44,000. 31.00% of the stock is currently owned by institutional investors.
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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