News coverage about TriplePoint Venture Growth BDC (NYSE:TPVG) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. TriplePoint Venture Growth BDC earned a media sentiment score of 0.02 on Accern’s scale. Accern also assigned media coverage about the investment management company an impact score of 45.2347524060687 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
TriplePoint Venture Growth BDC (TPVG) opened at $13.40 on Wednesday. TriplePoint Venture Growth BDC has a 12 month low of $11.66 and a 12 month high of $14.41. The stock has a market capitalization of $236.62, a P/E ratio of 8.25, a price-to-earnings-growth ratio of 0.81 and a beta of 1.31.
TriplePoint Venture Growth BDC (NYSE:TPVG) last issued its quarterly earnings results on Monday, November 6th. The investment management company reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.01). TriplePoint Venture Growth BDC had a net margin of 43.72% and a return on equity of 12.05%. The business had revenue of $10.42 million during the quarter, compared to analyst estimates of $11.22 million. equities research analysts anticipate that TriplePoint Venture Growth BDC will post 1.64 EPS for the current fiscal year.
Several equities analysts have issued reports on the company. Compass Point lowered TriplePoint Venture Growth BDC from a “buy” rating to a “neutral” rating and dropped their price target for the company from $14.41 to $14.00 in a research note on Tuesday, August 29th. ValuEngine lowered TriplePoint Venture Growth BDC from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 16th. Finally, Zacks Investment Research lowered TriplePoint Venture Growth BDC from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th.
In other news, President Sajal Srivastava bought 44,313 shares of the stock in a transaction dated Wednesday, October 25th. The shares were bought at an average cost of $13.65 per share, with a total value of $604,872.45. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Andrew Olson bought 7,386 shares of the stock in a transaction dated Wednesday, October 25th. The shares were purchased at an average cost of $13.65 per share, for a total transaction of $100,818.90. Following the completion of the transaction, the chief financial officer now directly owns 7,386 shares of the company’s stock, valued at $100,818.90. The disclosure for this purchase can be found here. Insiders have bought 73,855 shares of company stock worth $1,008,121 over the last ninety days. 1.31% of the stock is owned by insiders.
About TriplePoint Venture Growth BDC
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.
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