Stock Worth Mentioning Today: TriplePoint Venture Growth BDC Corp Increases Again; Strong Momentum for Buyers

Stock Worth Mentioning Today: TriplePoint Venture Growth BDC Corp Increases Again; Strong Momentum for Buyers

The stock of TriplePoint Venture Growth BDC Corp (NYSE:TPVG) is a huge mover today! The stock increased 3.49% or $0.37 on October 3, hitting $10.97. About 192,993 shares traded hands or 61.98% up from the average. TriplePoint Venture Growth BDC Corp (NYSE:TPVG) has risen 5.58% since February 29, 2016 and is uptrending. It has underperformed by 6.64% the S&P500.
The move comes after 8 months positive chart setup for the $172.00M company. It was reported on Oct, 4 by Barchart.com. We have $31.70 PT which if reached, will make NYSE:TPVG worth $325.08 million more.

Analysts await TriplePoint Venture Growth BDC Corp (NYSE:TPVG) to report earnings on November, 8. They expect $0.35 EPS, up 25.00% or $0.07 from last year’s $0.28 per share. TPVG’s profit will be $5.49M for 7.84 P/E if the $0.35 EPS becomes a reality. After $0.30 actual EPS reported by TriplePoint Venture Growth BDC Corp for the previous quarter, Wall Street now forecasts 16.67% EPS growth.

TriplePoint Venture Growth BDC Corp (NYSE:TPVG) Ratings Coverage

Out of 2 analysts covering TriplePoint Venture Growth BDC Corp. (NYSE:TPVG), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. TriplePoint Venture Growth BDC Corp. has been the topic of 4 analyst reports since June 29, 2016 according to StockzIntelligence Inc. The rating was downgraded by Compass Point on Thursday, August 25 to “Neutral”. Compass Point upgraded TriplePoint Venture Growth BDC Corp (NYSE:TPVG) on Thursday, September 22 to “Buy” rating. The rating was initiated by Compass Point with “Buy” on Wednesday, June 29. Ladenburg Thalmann initiated TriplePoint Venture Growth BDC Corp (NYSE:TPVG) on Monday, May 2 with “Buy” rating.

According to Zacks Investment Research, “TriplePoint Venture Growth BDC Corp. is an externally managed, 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 backed by a select group of leading venture capital investors. TriplePoint Venture Growth BDC Corp. is based in United States.”

More important recent TriplePoint Venture Growth BDC Corp (NYSE:TPVG) news were published by: Businesswire.com which released: “TriplePoint Venture Growth BDC Corp. Announces Second Quarter 2016 Financial …” on August 08, 2016, also Nasdaq.com published article titled: “TriplePoint Venture Growth BDC Corp. (TPVG) Ex-Dividend Date Scheduled for …”, Nasdaq.com published: “TriplePoint Venture Growth BDC Corp. (TPVZ) Ex-Dividend Date Scheduled for …” on September 27, 2016. More interesting news about TriplePoint Venture Growth BDC Corp (NYSE:TPVG) was released by: Bizjournals.com and their article: “Optoro raises another $40M in venture debt (Video)” with publication date: July 28, 2015.

TPVG Company Profile

TriplePoint Venture Growth BDC Corp., incorporated on June 28, 2013, 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. The Firm targets investment opportunities in venture growth stage companies backed by venture capital investors. The Firm is managed by TPVG Advisers LLC. The Company’s subsidiaries include TPVG Variable Funding Company LLC (the financing subsidiary), and TPVG Investment LLC, an entity established for holding certain of the Company’s investments.

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