Triplepoint Venture Growth BDC Corp (NYSE:TPVG) Short Interest Update

Triplepoint Venture Growth BDC Corp (NYSE:TPVG) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totalling 148,600 shares, a drop of 22.4% from the September 15th total of 191,500 shares. Based on an average daily volume of 175,600 shares, the short-interest ratio is presently 0.8 days.

TPVG stock traded down $0.15 during trading on Friday, reaching $11.00. 101,795 shares of the company were exchanged, compared to its average volume of 318,666. Triplepoint Venture Growth BDC has a twelve month low of $2.80 and a twelve month high of $17.06. The company has a market capitalization of $338.62 million, a price-to-earnings ratio of 27.50 and a beta of 1.86. The company has a 50-day moving average of $11.35 and a two-hundred day moving average of $9.98.

Triplepoint Venture Growth BDC (NYSE:TPVG) last posted its earnings results on Wednesday, August 5th. The investment management company reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.02. Triplepoint Venture Growth BDC had a net margin of 15.85% and a return on equity of 11.44%. The firm had revenue of $23.80 million for the quarter, compared to analyst estimates of $21.45 million. As a group, research analysts forecast that Triplepoint Venture Growth BDC will post 1.52 earnings per share for the current fiscal year.

TPVG has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Triplepoint Venture Growth BDC from a “buy” rating to a “hold” rating in a research report on Thursday, August 13th. LADENBURG THALM/SH SH lifted their price objective on shares of Triplepoint Venture Growth BDC from $9.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Wells Fargo & Company lifted their price objective on shares of Triplepoint Venture Growth BDC from $11.25 to $11.75 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Finally, TheStreet upgraded shares of Triplepoint Venture Growth BDC from a “c” rating to a “b-” rating in a research note on Monday, August 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Triplepoint Venture Growth BDC has an average rating of “Hold” and a consensus target price of $11.07.

In other Triplepoint Venture Growth BDC news, CFO Christopher M. Mathieu bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was acquired at an average price of $12.18 per share, with a total value of $60,900.00. Following the completion of the transaction, the chief financial officer now owns 10,000 shares in the company, valued at $121,800. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Christopher M. Mathieu bought 5,500 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was acquired at an average cost of $12.39 per share, with a total value of $68,145.00. Following the transaction, the chief financial officer now owns 15,500 shares of the company’s stock, valued at approximately $192,045. The disclosure for this purchase can be found here. 1.17% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Clearbridge Investments LLC boosted its stake in shares of Triplepoint Venture Growth BDC by 2.8% in the 1st quarter. Clearbridge Investments LLC now owns 1,263,947 shares of the investment management company’s stock valued at $7,255,000 after purchasing an additional 34,161 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Triplepoint Venture Growth BDC by 1.9% in the 1st quarter. Alliancebernstein L.P. now owns 314,148 shares of the investment management company’s stock valued at $1,803,000 after purchasing an additional 5,721 shares during the last quarter. Morgan Stanley boosted its stake in shares of Triplepoint Venture Growth BDC by 4.8% in the 1st quarter. Morgan Stanley now owns 248,379 shares of the investment management company’s stock valued at $1,425,000 after purchasing an additional 11,461 shares during the last quarter. Guggenheim Capital LLC boosted its stake in shares of Triplepoint Venture Growth BDC by 2.3% in the 1st quarter. Guggenheim Capital LLC now owns 178,164 shares of the investment management company’s stock valued at $1,023,000 after purchasing an additional 4,053 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Triplepoint Venture Growth BDC by 2.2% in the 1st quarter. Legal & General Group Plc now owns 140,050 shares of the investment management company’s stock valued at $803,000 after purchasing an additional 2,988 shares during the last quarter. 27.13% of the stock is currently owned by hedge funds and other institutional investors.

About Triplepoint Venture Growth BDC

TriplePoint Venture Growth BDC Corp is a business development company specializing investments in growth stage. It also provides debt financing to venture growth space companies which includes growth capital loans, equipment financings, revolving loans, and direct equity investments. The fund seeks to invest in e-commerce, entertainment, technology and life sciences sector.

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