Triplepoint Venture Growth BDC Corp (NYSE:TPVG) CFO Christopher M. Mathieu purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The shares were purchased at an average price of $5.40 per share, for a total transaction of $27,000.00. Following the purchase, the chief financial officer now directly owns 5,000 shares in the company, valued at $27,000. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of NYSE TPVG traded up $2.10 during trading on Thursday, reaching $7.50. The company had a trading volume of 399,917 shares, compared to its average volume of 697,634. Triplepoint Venture Growth BDC Corp has a twelve month low of $2.80 and a twelve month high of $17.17. The stock has a market capitalization of $165.62 million, a PE ratio of 5.81 and a beta of 1.03. The stock has a 50-day moving average price of $11.39 and a two-hundred day moving average price of $14.24.

Triplepoint Venture Growth BDC (NYSE:TPVG) last posted its quarterly earnings results on Wednesday, March 4th. The investment management company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.05. Triplepoint Venture Growth BDC had a return on equity of 11.27% and a net margin of 43.28%. The firm had revenue of $21.27 million during the quarter, compared to the consensus estimate of $20.01 million. Equities research analysts expect that Triplepoint Venture Growth BDC Corp will post 1.62 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 19.20%. The ex-dividend date of this dividend is Friday, March 13th. Triplepoint Venture Growth BDC’s payout ratio is 93.51%.

Several hedge funds and other institutional investors have recently modified their holdings of TPVG. Resource America Inc. boosted its position in shares of Triplepoint Venture Growth BDC by 113.0% in the fourth quarter. Resource America Inc. now owns 217,903 shares of the investment management company’s stock worth $3,099,000 after buying an additional 115,618 shares during the period. Virtus ETF Advisers LLC raised its stake in Triplepoint Venture Growth BDC by 32.9% during the fourth quarter. Virtus ETF Advisers LLC now owns 291,364 shares of the investment management company’s stock valued at $4,143,000 after buying an additional 72,140 shares in the last quarter. Claybrook Capital LLC raised its stake in Triplepoint Venture Growth BDC by 153.7% during the fourth quarter. Claybrook Capital LLC now owns 94,491 shares of the investment management company’s stock valued at $1,293,000 after buying an additional 57,241 shares in the last quarter. Van ECK Associates Corp raised its stake in Triplepoint Venture Growth BDC by 22.4% during the fourth quarter. Van ECK Associates Corp now owns 272,467 shares of the investment management company’s stock valued at $3,874,000 after buying an additional 49,947 shares in the last quarter. Finally, California Public Employees Retirement System acquired a new stake in Triplepoint Venture Growth BDC during the third quarter valued at approximately $664,000. 25.82% of the stock is owned by institutional investors.

A number of research analysts recently issued reports on TPVG shares. LADENBURG THALM/SH SH upgraded Triplepoint Venture Growth BDC from a “neutral” rating to a “buy” rating and set a $13.50 price target on the stock in a research note on Thursday, March 5th. Zacks Investment Research upgraded Triplepoint Venture Growth BDC from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a research note on Tuesday, March 17th. Wells Fargo & Co lowered their target price on Triplepoint Venture Growth BDC from $13.75 to $9.00 and set an “overweight” rating on the stock in a research note on Wednesday. JMP Securities began coverage on Triplepoint Venture Growth BDC in a research note on Tuesday, January 14th. They issued an “outperform” rating and a $15.50 target price on the stock. Finally, ValuEngine downgraded Triplepoint Venture Growth BDC from a “hold” rating to a “sell” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $13.00.

About Triplepoint Venture Growth BDC

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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