Zacks Investment Research upgraded TriplePoint Venture Growth BDC Corp (NYSE:TPVG) to Hold in a report released today.
- Updated: October 12, 2016
Zacks Investment Research has upgraded TriplePoint Venture Growth BDC Corp (NYSE:TPVG) to Hold in a report released on Wednesday October 12, 2016.
Yesterday TriplePoint Venture Growth BDC Corp (NYSE:TPVG) traded -0.92% lower at $10.74. The company’s 50-day moving average is $11.03 and its 200-day moving average is $10.85. The last closing price is down -0.92% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 18,007 shares of the stock traded hands, down from an average trading volume of 127,814
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TriplePoint Venture Growth BDC Corp has a 52 week low of $8.83 and a 52 week high of $12.65 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 1 broker has issued a research note on the company. The average stock price target is $13.00 with 1 broker rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About TriplePoint Venture Growth BDC Corp (NYSE:TPVG)
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. The Company targets investment opportunities in venture growth stage companies backed by venture capital investors. The Company originates and invests primarily in loans that have a secured collateral position and are used by venture growth stage companies to finance their continued expansion and growth, equipment financings and, on a select basis, revolving loans. The Company is managed by TPVG Advisers LLC.
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