News articles about TriplePoint Venture Growth BDC (NYSE:TPVG) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. TriplePoint Venture Growth BDC earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news coverage about the investment management company an impact score of 47.7147319475607 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several analysts have weighed in on TPVG shares. Zacks Investment Research upgraded TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. ValuEngine downgraded TriplePoint Venture Growth BDC from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Keefe, Bruyette & Woods initiated coverage on TriplePoint Venture Growth BDC in a research note on Monday, April 16th. They issued a “market perform” rating on the stock. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $14.00.
NYSE TPVG opened at $12.03 on Friday. The stock has a market capitalization of $213.06, a P/E ratio of 7.43, a price-to-earnings-growth ratio of 0.82 and a beta of 1.20. TriplePoint Venture Growth BDC has a twelve month low of $11.11 and a twelve month high of $14.41.
TriplePoint Venture Growth BDC (NYSE:TPVG) last released its quarterly earnings results on Monday, March 12th. The investment management company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The business had revenue of $11.11 million during the quarter, compared to analyst estimates of $11.78 million. TriplePoint Venture Growth BDC had a return on equity of 11.94% and a net margin of 37.33%. analysts forecast that TriplePoint Venture Growth BDC will post 1.46 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, April 6th. Shareholders of record on Friday, March 23rd were issued a dividend of $0.36 per share. The ex-dividend date was Thursday, March 22nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 11.97%. TriplePoint Venture Growth BDC’s payout ratio is currently 89.44%.
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About TriplePoint Venture Growth BDC
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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