TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) was downgraded by analysts at Compass Point from a “buy” rating to a “neutral” rating in a research report issued on Tuesday, Marketbeat reports. They presently have a $14.00 price target on the investment management company’s stock, down from their previous price target of $14.41. Compass Point’s price target would suggest a potential downside of 1.06% from the company’s current price.

Several other research analysts have also commented on the stock. ValuEngine lowered shares of TriplePoint Venture Growth BDC Corp. from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 23rd. Zacks Investment Research lowered shares of TriplePoint Venture Growth BDC Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, May 4th.

Shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) traded down 1.4184% during mid-day trading on Tuesday, reaching $13.5944. 83,227 shares of the company’s stock were exchanged. TriplePoint Venture Growth BDC Corp. has a 52-week low of $10.25 and a 52-week high of $14.41. The company has a 50 day moving average price of $13.30 and a 200 day moving average price of $13.50.

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

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In other news, President Sajal Srivastava acquired 8,000 shares of the company’s stock in a transaction on Wednesday, May 31st. The stock was bought at an average cost of $13.10 per share, with a total value of $104,800.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.31% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of the stock. Royal Bank of Canada raised its stake in shares of TriplePoint Venture Growth BDC Corp. by 12.0% in the second quarter. Royal Bank of Canada now owns 48,471 shares of the investment management company’s stock worth $645,000 after buying an additional 5,195 shares in the last quarter. GSA Capital Partners LLP raised its stake in shares of 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. Wells Fargo & Company MN raised its stake in shares of TriplePoint Venture Growth BDC Corp. by 1.1% in the second quarter. Wells Fargo & Company MN now owns 392,560 shares of the investment management company’s stock worth $5,225,000 after buying an additional 4,121 shares in the last quarter. 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. Finally, Marshall Wace North America L.P. bought a new stake in shares of TriplePoint Venture Growth BDC Corp. during the second quarter worth about $565,000. 38.30% of the stock is 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.

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