ValuEngine upgraded shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) from a buy rating to a strong-buy rating in a research report released on Thursday.

Separately, Zacks Investment Research cut shares of TriplePoint Venture Growth BDC Corp. from a buy rating to a hold rating in a report on Thursday, May 4th.

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) opened at 13.67 on Thursday. The firm has a 50-day moving average price of $13.15 and a 200 day moving average price of $13.44. TriplePoint Venture Growth BDC Corp. has a 52-week low of $10.25 and a 52-week high of $14.41.

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) last issued its quarterly earnings data on Tuesday, August 8th. The investment management company reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.23. The firm had revenue of $15.68 million during the quarter, compared to analysts’ expectations of $11.49 million. TriplePoint Venture Growth BDC Corp. had a net margin of 56.60% and a return on equity of 13.05%. On average, equities analysts anticipate that TriplePoint Venture Growth BDC Corp. will post $1.69 EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 10.53%. The ex-dividend date of this dividend is Tuesday, August 29th. TriplePoint Venture Growth BDC Corp.’s dividend payout ratio is presently 76.19%.

In other TriplePoint Venture Growth BDC Corp. news, President Sajal Srivastava acquired 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The stock was purchased at an average cost of $13.10 per share, for a total transaction of $104,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.31% of the company’s stock.

Large investors have recently modified their holdings of the company. Trexquant Investment LP acquired a new stake in shares of TriplePoint Venture Growth BDC Corp. during the first quarter worth about $159,000. GSA Capital Partners LLP raised its position in TriplePoint Venture Growth BDC Corp. by 35.0% in the second quarter. GSA Capital Partners LLP now owns 15,800 shares of the investment management company’s stock worth $210,000 after buying an additional 4,100 shares in the last quarter. JPMorgan Chase & Co. raised its position in TriplePoint Venture Growth BDC Corp. by 1,418.6% in the second quarter. JPMorgan Chase & Co. now owns 18,238 shares of the investment management company’s stock worth $242,000 after buying an additional 17,037 shares in the last quarter. SG Americas Securities LLC purchased a new position in TriplePoint Venture Growth BDC Corp. during the second quarter worth $354,000. Finally, Marshall Wace North America L.P. purchased a new position in TriplePoint Venture Growth BDC Corp. during the second quarter worth $565,000. Hedge funds and other institutional investors own 42.46% of the company’s stock.

TriplePoint Venture Growth BDC Corp. 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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