Zacks: Analysts Set $13.75 Target Price for TriplePoint Venture Growth BDC Corp (TPVG)

Shares of TriplePoint Venture Growth BDC Corp (NYSE:TPVG) have received a consensus broker rating score of 1.67 (Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and two have given a strong buy rating to the company. TriplePoint Venture Growth BDC’s rating score has improved by 28.3% from 90 days ago as a result of various analysts’ ratings changes.

Analysts have set a 12 month consensus price target of $13.75 for the company and are expecting that the company will post $0.32 EPS for the current quarter, according to Zacks. Zacks has also assigned TriplePoint Venture Growth BDC an industry rank of 210 out of 265 based on the ratings given to its competitors.

A number of research firms recently commented on TPVG. ValuEngine downgraded TriplePoint Venture Growth BDC from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 16th. Compass Point upgraded TriplePoint Venture Growth BDC from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 28th. Zacks Investment Research downgraded TriplePoint Venture Growth BDC from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Finally, Ladenburg Thalmann Financial Services began coverage on TriplePoint Venture Growth BDC in a research note on Tuesday, December 12th. They issued a “neutral” rating for the company.

Hedge funds and other institutional investors have recently modified their holdings of the business. Delphi Management Inc. MA lifted its holdings in TriplePoint Venture Growth BDC by 5.5% in the third quarter. Delphi Management Inc. MA now owns 180,382 shares of the investment management company’s stock worth $2,417,000 after acquiring an additional 9,464 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its holdings in TriplePoint Venture Growth BDC by 41.3% in the third quarter. Dynamic Technology Lab Private Ltd now owns 40,384 shares of the investment management company’s stock worth $541,000 after acquiring an additional 11,809 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in TriplePoint Venture Growth BDC by 9.1% in the third quarter. Wells Fargo & Company MN now owns 428,472 shares of the investment management company’s stock worth $5,742,000 after acquiring an additional 35,912 shares during the last quarter. Texas Yale Capital Corp. bought a new position in TriplePoint Venture Growth BDC in the fourth quarter worth about $322,000. Finally, Nationwide Fund Advisors lifted its holdings in TriplePoint Venture Growth BDC by 23.4% in the third quarter. Nationwide Fund Advisors now owns 37,892 shares of the investment management company’s stock worth $508,000 after acquiring an additional 7,173 shares during the last quarter. 32.65% of the stock is currently owned by hedge funds and other institutional investors.

TriplePoint Venture Growth BDC (NYSE:TPVG) traded down $0.11 during trading hours on Tuesday, reaching $12.23. The company had a trading volume of 47,682 shares, compared to its average volume of 79,367. The firm has a market capitalization of $218.56, a P/E ratio of 8.78, a price-to-earnings-growth ratio of 0.86 and a beta of 1.28. TriplePoint Venture Growth BDC has a fifty-two week low of $11.60 and a fifty-two week high of $14.41.

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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.

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