TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) Receives $6.25 Average PT from Analysts

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) has been given an average rating of “Reduce” by the seven brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $6.25.

A number of analysts recently issued reports on TPVG shares. Wall Street Zen raised shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Zacks Research raised shares of TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Finally, Weiss Ratings upgraded shares of TriplePoint Venture Growth BDC from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, February 9th.

Insider Activity

In other news, CEO James Labe purchased 23,799 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The shares were purchased at an average price of $6.66 per share, with a total value of $158,501.34. Following the purchase, the chief executive officer directly owned 1,998,489 shares of the company’s stock, valued at approximately $13,309,936.74. This represents a 1.21% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Sajal Srivastava acquired 23,799 shares of the business’s stock in a transaction on Monday, January 12th. The stock was purchased at an average price of $6.66 per share, for a total transaction of $158,501.34. Following the acquisition, the insider directly owned 1,998,489 shares in the company, valued at $13,309,936.74. This represents a 1.21% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have purchased 1,561,608 shares of company stock worth $10,127,389. Company insiders own 1.46% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. XTX Topco Ltd purchased a new stake in TriplePoint Venture Growth BDC during the 4th quarter worth approximately $354,000. Oxford Asset Management LLP acquired a new position in shares of TriplePoint Venture Growth BDC in the 4th quarter worth approximately $74,000. Millennium Management LLC increased its holdings in shares of TriplePoint Venture Growth BDC by 20.3% in the 4th quarter. Millennium Management LLC now owns 28,036 shares of the investment management company’s stock valued at $183,000 after acquiring an additional 4,729 shares during the last quarter. Kovack Advisors Inc. increased its holdings in shares of TriplePoint Venture Growth BDC by 13.1% in the 4th quarter. Kovack Advisors Inc. now owns 59,383 shares of the investment management company’s stock valued at $388,000 after acquiring an additional 6,864 shares during the last quarter. Finally, Trexquant Investment LP raised its position in shares of TriplePoint Venture Growth BDC by 48.1% during the 4th quarter. Trexquant Investment LP now owns 190,996 shares of the investment management company’s stock valued at $1,249,000 after acquiring an additional 62,023 shares in the last quarter. Hedge funds and other institutional investors own 12.77% of the company’s stock.

TriplePoint Venture Growth BDC Trading Down 1.1%

Shares of TPVG opened at $5.51 on Thursday. The firm has a market capitalization of $222.60 million, a P/E ratio of 6.48 and a beta of 1.36. The stock’s fifty day simple moving average is $6.18 and its 200 day simple moving average is $6.14. TriplePoint Venture Growth BDC has a twelve month low of $5.24 and a twelve month high of $8.20.

TriplePoint Venture Growth BDC Company Profile

TriplePoint Venture Growth BDC Inc is a closed-end management investment company externally managed by TriplePoint Capital LLC. The firm specializes in providing customized debt and equity financing to growth-stage, venture capital– and private equity–backed companies. Its financing solutions include senior secured loans, unitranche facilities, subordinated debt and selective equity co-investments tailored to support expansion, working capital needs and strategic initiatives.

Launched in September 2018 and listed on the New York Stock Exchange under the symbol TPVG, TriplePoint Venture Growth BDC leverages the deep industry expertise and established underwriting capabilities of TriplePoint Capital, a venture lender since 2003.