TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) Receives $7.70 Consensus Price Target from Brokerages

Shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) have earned a consensus recommendation of “Hold” from the five research firms that are currently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold rating. The average 12-month price target among analysts that have covered the stock in the last year is $7.80.

Several research analysts recently weighed in on TPVG shares. Piper Sandler boosted their target price on shares of TriplePoint Venture Growth BDC from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Thursday. Compass Point upped their target price on TriplePoint Venture Growth BDC from $7.50 to $8.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Wells Fargo & Company upped their price target on TriplePoint Venture Growth BDC from $6.50 to $7.50 and gave the company an “equal weight” rating in a research report on Tuesday, November 19th. Finally, StockNews.com raised TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Friday, November 15th.

TriplePoint Venture Growth BDC Stock Up 3.7 %

Shares of NYSE:TPVG opened at $7.60 on Thursday. The firm’s 50 day moving average price is $7.77 and its 200 day moving average price is $7.50. The stock has a market cap of $304.37 million, a price-to-earnings ratio of 36.19 and a beta of 1.90. TriplePoint Venture Growth BDC has a fifty-two week low of $6.44 and a fifty-two week high of $10.09.

TriplePoint Venture Growth BDC (NYSE:TPVG) last posted its quarterly earnings data on Wednesday, March 5th. The investment management company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). TriplePoint Venture Growth BDC had a net margin of 9.01% and a return on equity of 16.86%. The firm had revenue of $25.75 million during the quarter, compared to analysts’ expectations of $26.68 million. On average, equities analysts anticipate that TriplePoint Venture Growth BDC will post 1.4 EPS for the current year.

TriplePoint Venture Growth BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.30 per share. The ex-dividend date is Monday, March 17th. This represents a $1.20 annualized dividend and a dividend yield of 15.79%. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is presently 146.34%.

Hedge Funds Weigh In On TriplePoint Venture Growth BDC

Institutional investors have recently bought and sold shares of the business. Summit Securities Group LLC bought a new position in TriplePoint Venture Growth BDC during the 4th quarter worth approximately $41,000. McIlrath & Eck LLC acquired a new position in TriplePoint Venture Growth BDC during the third quarter worth $51,000. EverSource Wealth Advisors LLC increased its holdings in TriplePoint Venture Growth BDC by 25.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 10,000 shares of the investment management company’s stock worth $74,000 after buying an additional 2,000 shares during the last quarter. Avenir Corp acquired a new position in shares of TriplePoint Venture Growth BDC in the fourth quarter valued at $74,000. Finally, PharVision Advisers LLC acquired a new position in shares of TriplePoint Venture Growth BDC in the fourth quarter valued at $84,000. Institutional investors own 12.77% of the company’s stock.

TriplePoint Venture Growth BDC Company Profile

TriplePoint Venture Growth BDC Corp. is a business development company specializing investments in venture capital-backed companies at the growth stage investments. It also provides debt financing to venture growth space companies which includes growth capital loans, secured and customized loans, equipment financings, revolving loans and direct equity investments.