The TriplePoint Venture Growth BDC Corp. (TPVG) Downgraded to “C+” at TheStreet

The TriplePoint Venture Growth BDC Corp. (TPVG) Downgraded to “C+” at TheStreet

TheStreet lowered shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) from a b- rating to a c+ rating in a research note released on Friday.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of TriplePoint Venture Growth BDC Corp. from a hold rating to a sell rating in a report on Thursday, November 10th. Compass Point raised shares of TriplePoint Venture Growth BDC Corp. from a neutral rating to a buy rating and set a $12.30 target price for the company in a report on Thursday, September 22nd. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $12.85.

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) traded down 0.08% on Friday, hitting $12.99. 90,692 shares of the stock were exchanged. The company has a 50 day moving average of $12.43 and a 200 day moving average of $11.52. The stock has a market capitalization of $207.28 million, a P/E ratio of 50.54 and a beta of 1.44. TriplePoint Venture Growth BDC Corp. has a one year low of $8.86 and a one year high of $13.10.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Essex Investment Management Co. LLC raised its position in shares of TriplePoint Venture Growth BDC Corp. by 3.6% in the second quarter. Essex Investment Management Co. LLC now owns 40,873 shares of the investment management company’s stock worth $433,000 after buying an additional 1,434 shares during the period. GSA Capital Partners LLP raised its position in shares of TriplePoint Venture Growth BDC Corp. by 16.9% in the second quarter. GSA Capital Partners LLP now owns 13,800 shares of the investment management company’s stock worth $146,000 after buying an additional 2,000 shares during the period. LPL Financial LLC raised its position in shares of TriplePoint Venture Growth BDC Corp. by 10.3% in the third quarter. LPL Financial LLC now owns 24,414 shares of the investment management company’s stock worth $269,000 after buying an additional 2,270 shares during the period. Wells Fargo & Company MN raised its position in shares of TriplePoint Venture Growth BDC Corp. by 1.8% in the third quarter. Wells Fargo & Company MN now owns 198,238 shares of the investment management company’s stock worth $2,102,000 after buying an additional 3,568 shares during the period. Finally, Nationwide Fund Advisors raised its position in shares of TriplePoint Venture Growth BDC Corp. by 7.4% in the second quarter. Nationwide Fund Advisors now owns 68,119 shares of the investment management company’s stock worth $721,000 after buying an additional 4,688 shares during the period. 50.79% 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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