Triplepoint Venture Growth BDC Corp (NYSE:TPVG)’s stock price traded down 10.5% during mid-day trading on Thursday following a dissappointing earnings announcement. The company traded as low as $14.25 and last traded at $15.10, 1,860,391 shares were traded during mid-day trading. An increase of 836% from the average session volume of 198,864 shares. The stock had previously closed at $16.87.

The investment management company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.13). Triplepoint Venture Growth BDC had a return on equity of 11.84% and a net margin of 76.70%. The business had revenue of $15.69 million during the quarter, compared to the consensus estimate of $19.27 million.

Several equities research analysts recently commented on the company. Wells Fargo & Co lifted their price objective on Triplepoint Venture Growth BDC from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th. ValuEngine cut Triplepoint Venture Growth BDC from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Zacks Investment Research cut Triplepoint Venture Growth BDC from a “buy” rating to a “hold” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $16.38.

A number of large investors have recently made changes to their positions in TPVG. Virtus ETF Advisers LLC purchased a new position in Triplepoint Venture Growth BDC in the second quarter worth about $3,858,000. River & Mercantile Asset Management LLP purchased a new position in shares of Triplepoint Venture Growth BDC during the 2nd quarter valued at about $1,207,000. Acadian Asset Management LLC lifted its position in shares of Triplepoint Venture Growth BDC by 75.9% during the 2nd quarter. Acadian Asset Management LLC now owns 136,669 shares of the investment management company’s stock valued at $1,945,000 after buying an additional 58,972 shares in the last quarter. Morgan Stanley lifted its position in shares of Triplepoint Venture Growth BDC by 51.5% during the 2nd quarter. Morgan Stanley now owns 162,718 shares of the investment management company’s stock valued at $2,316,000 after buying an additional 55,336 shares in the last quarter. Finally, Putnam Investments LLC lifted its position in shares of Triplepoint Venture Growth BDC by 27.9% during the 2nd quarter. Putnam Investments LLC now owns 211,722 shares of the investment management company’s stock valued at $3,013,000 after buying an additional 46,162 shares in the last quarter. 30.99% of the stock is currently owned by institutional investors and hedge funds.

The stock has a market capitalization of $419.63 million, a PE ratio of 8.57, a PEG ratio of 3.38 and a beta of 1.07. The stock has a 50-day moving average price of $16.44 and a two-hundred day moving average price of $15.22.

Triplepoint Venture Growth BDC Company Profile (NYSE:TPVG)

TriplePoint Venture Growth BDC Corp is a business development company specializing investments in growth stage. It also provides debt financing to venture growth space companies which includes growth capital loans, equipment financings, revolving loans, and direct equity investments. The fund seeks to invest in e-commerce, entertainment, technology and life sciences sector.

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