The TriplePoint Venture Growth BDC Corp. (TPVG) Rating Lowered to C+ at TheStreet

The TriplePoint Venture Growth BDC Corp. (TPVG) Rating Lowered to C+ at TheStreet

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) was downgraded by TheStreet from a “b-” rating to a “c+” rating in a report released on Friday.

TPVG has been the subject of several other reports. Zacks Investment Research raised TriplePoint Venture Growth BDC Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, January 11th. Compass Point raised 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 research 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 presently has an average rating of “Buy” and an average price target of $12.85.

Shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) traded down 0.15% during midday trading on Friday, hitting $12.98. 91,530 shares of the stock were exchanged. The firm has a market capitalization of $207.12 million, a price-to-earnings ratio of 50.51 and a beta of 1.44. The stock’s 50-day moving average price is $12.43 and its 200-day moving average price is $11.52. TriplePoint Venture Growth BDC Corp. has a 1-year low of $8.86 and a 1-year high of $13.10.

Several hedge funds and other institutional investors have recently bought and sold shares of TPVG. GAM Holding AG purchased a new position in TriplePoint Venture Growth BDC Corp. during the third quarter valued at $113,000. GSA Capital Partners LLP increased its position in 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 valued at $146,000 after buying an additional 2,000 shares during the last quarter. Nuveen Fund Advisors LLC purchased a new position in TriplePoint Venture Growth BDC Corp. during the second quarter valued at $203,000. LPL Financial LLC increased its position in 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 valued at $269,000 after buying an additional 2,270 shares during the last quarter. Finally, Yorktown Management & Research Co Inc increased its position in TriplePoint Venture Growth BDC Corp. by 16.7% in the third quarter. Yorktown Management & Research Co Inc now owns 35,000 shares of the investment management company’s stock valued at $371,000 after buying an additional 5,000 shares during the last quarter. Institutional investors own 50.79% of the company’s stock.

About TriplePoint Venture Growth BDC Corp.

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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