TriplePoint Venture Growth BDC (NYSE:TPVG) issued its quarterly earnings results on Monday. The investment management company reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.02), Bloomberg Earnings reports. TriplePoint Venture Growth BDC had a return on equity of 12.05% and a net margin of 43.72%.
Shares of TriplePoint Venture Growth BDC (NYSE:TPVG) traded up $0.15 during mid-day trading on Monday, reaching $11.80. The company had a trading volume of 130,902 shares, compared to its average volume of 84,000. The stock has a market capitalization of $206.34, a PE ratio of 8.26, a price-to-earnings-growth ratio of 0.81 and a beta of 1.35. TriplePoint Venture Growth BDC has a 12 month low of $11.11 and a 12 month high of $14.41.
Several brokerages recently weighed in on TPVG. Ladenburg Thalmann Financial Services began coverage on TriplePoint Venture Growth BDC in a research note on Tuesday, December 12th. They issued a “neutral” rating on the stock. ValuEngine cut TriplePoint Venture Growth BDC from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Compass Point raised TriplePoint Venture Growth BDC from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 28th. Finally, Zacks Investment Research raised TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th.
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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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