Somewhat Negative News Coverage Somewhat Unlikely to Affect TriplePoint Venture Growth BDC Corp. (TPVG) Share Price
News coverage about TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) has trended somewhat negative on Wednesday, Accern Sentiment reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TriplePoint Venture Growth BDC Corp. earned a daily sentiment score of -0.06 on Accern’s scale. Accern also gave media headlines about the investment management company an impact score of 46.352286743235 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several analysts recently commented on the company. Zacks Investment Research cut TriplePoint Venture Growth BDC Corp. from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Compass Point cut TriplePoint Venture Growth BDC Corp. from a “buy” rating to a “neutral” rating and reduced their target price for the company from $14.41 to $14.00 in a report on Tuesday, August 29th. Finally, ValuEngine upgraded TriplePoint Venture Growth BDC Corp. from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 10th.
Shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) traded up $0.01 during mid-day trading on Wednesday, reaching $14.00. The company had a trading volume of 107,600 shares, compared to its average volume of 101,906. TriplePoint Venture Growth BDC Corp. has a 1-year low of $11.66 and a 1-year high of $14.41. The company has a market capitalization of $247.96, a PE ratio of 8.64, a PEG ratio of 0.85 and a beta of 1.39.
TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) last announced its earnings results on Monday, November 6th. The investment management company reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.01). TriplePoint Venture Growth BDC Corp. had a net margin of 43.72% and a return on equity of 12.05%. The company had revenue of $10.42 million during the quarter, compared to the consensus estimate of $11.22 million. sell-side analysts forecast that TriplePoint Venture Growth BDC Corp. will post 1.64 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 10.29%. The ex-dividend date is Thursday, November 16th. TriplePoint Venture Growth BDC Corp.’s dividend payout ratio (DPR) is presently 101.41%.
In other TriplePoint Venture Growth BDC Corp. news, CFO Andrew Olson purchased 7,386 shares of the company’s stock in a transaction on Wednesday, October 25th. The shares were purchased at an average cost of $13.65 per share, with a total value of $100,818.90. Following the completion of the purchase, the chief financial officer now owns 7,386 shares in the company, valued at $100,818.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Sajal Srivastava purchased 44,313 shares of the company’s stock in a transaction on Wednesday, October 25th. The stock was acquired at an average cost of $13.65 per share, for a total transaction of $604,872.45. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 73,855 shares of company stock worth $1,008,121. Insiders own 1.31% 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.
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