TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) was upgraded by ValuEngine from a “buy” rating to a “strong-buy” rating in a report issued on Thursday.

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

Shares of TriplePoint Venture Growth BDC Corp. (TPVG) opened at 13.73 on Thursday. The company’s 50-day moving average price is $13.12 and its 200 day moving average price is $13.44. TriplePoint Venture Growth BDC Corp. has a one year low of $10.25 and a one year 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 EPS for the quarter, beating the consensus estimate of $0.32 by $0.23. TriplePoint Venture Growth BDC Corp. had a return on equity of 11.31% and a net margin of 47.29%. The company had revenue of $15.68 million for the quarter, compared to analyst estimates of $11.49 million. Analysts anticipate that TriplePoint Venture Growth BDC Corp. will post $1.53 earnings per share for the current fiscal year.

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In other news, President Sajal Srivastava purchased 8,000 shares of the stock in a transaction dated Wednesday, May 31st. The shares were purchased at an average cost of $13.10 per share, with a total value of $104,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.31% of the company’s stock.

Hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in shares of 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. Marshall Wace North America L.P. purchased a new stake in shares of TriplePoint Venture Growth BDC Corp. during the second quarter worth about $565,000. SG Americas Securities LLC purchased a new stake in shares of TriplePoint Venture Growth BDC Corp. during the second quarter worth about $354,000. Essex Investment Management Co. LLC raised its stake in shares of TriplePoint Venture Growth BDC Corp. by 116.2% in the second quarter. Essex Investment Management Co. LLC now owns 76,328 shares of the investment management company’s stock worth $1,016,000 after buying an additional 41,028 shares in the last quarter. Finally, Bank of Montreal Can purchased a new stake in shares of TriplePoint Venture Growth BDC Corp. during the second quarter worth about $2,542,000. 42.80% of the stock is currently owned by hedge funds and other institutional investors.

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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