Headlines about TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. TriplePoint Venture Growth BDC Corp. earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave news headlines about the investment management company an impact score of 45.8935801053654 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several analysts have recently weighed in on the company. Compass Point downgraded TriplePoint Venture Growth BDC Corp. from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $14.41 to $14.00 in a research note on Tuesday, August 29th. ValuEngine raised TriplePoint Venture Growth BDC Corp. from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 10th.
TriplePoint Venture Growth BDC Corp. (TPVG) opened at 13.66 on Tuesday. TriplePoint Venture Growth BDC Corp. has a 52-week low of $10.25 and a 52-week high of $14.41. The firm’s 50-day moving average price is $13.34 and its 200 day moving average price is $13.47.
TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) last issued its quarterly earnings data on Tuesday, August 8th. The investment management company reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.23. TriplePoint Venture Growth BDC Corp. had a net margin of 56.60% and a return on equity of 13.05%. The company had revenue of $15.68 million during the quarter, compared to the consensus estimate of $11.49 million. Equities research analysts expect that TriplePoint Venture Growth BDC Corp. will post $1.63 earnings per share for the current year.
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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