Headlines about TriplePoint Venture Growth BDC Corp (NYSE:TPVG) have been trending positive this week, according to AlphaOne Sentiment Analysis. The research group, a subsidiary of Accern, rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TriplePoint Venture Growth BDC Corp earned a news sentiment score of 0.26 on AlphaOne’s scale. AlphaOne also gave news headlines about the investment management company an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an effect on the company’s share price in the next several days.
TriplePoint Venture Growth BDC Corp (NYSE:TPVG) traded down 1.75% on Friday, reaching $14.05. 140,329 shares of the company’s stock traded hands. The stock has a market cap of $224.52 million, a price-to-earnings ratio of 20.42 and a beta of 1.47. The company’s 50 day moving average is $13.75 and its 200-day moving average is $12.57. TriplePoint Venture Growth BDC Corp has a 52-week low of $9.80 and a 52-week high of $14.41.
TriplePoint Venture Growth BDC Corp (NYSE:TPVG) last posted its earnings results on Monday, March 13th. The investment management company reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.05. The firm had revenue of $10.65 million for the quarter, compared to the consensus estimate of $11.89 million. TriplePoint Venture Growth BDC Corp had a return on equity of 11.06% and a net margin of 9.46%. Equities analysts expect that TriplePoint Venture Growth BDC Corp will post $1.61 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, April 17th. Investors of record on Friday, March 31st were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 10.25%. The ex-dividend date of this dividend was Wednesday, March 29th. TriplePoint Venture Growth BDC Corp’s dividend payout ratio (DPR) is presently 553.87%.
Several brokerages recently issued reports on TPVG. TheStreet upgraded shares of TriplePoint Venture Growth BDC Corp from a “c+” rating to a “b-” rating in a research note on Monday, March 6th. Zacks Investment Research upgraded shares of TriplePoint Venture Growth BDC Corp from a “sell” rating to a “hold” rating in a research note on Wednesday, January 11th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. TriplePoint Venture Growth BDC Corp presently has a consensus rating of “Buy” and a consensus price target of $13.39.
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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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