TriplePoint Venture Growth BDC Corp (NYSE: TPVG) is -13.95% lower on its value in year-to-date trading and has touched a low of $5.53 and a high of $9.17 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TPVG stock was last observed hovering at around $7.03 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $7.03, the stock is 0.64% and 4.94% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.17 million and changing 0.00% at the moment leaves the stock -1.96% off its SMA200. TPVG registered -4.74% loss for a year compared to 6-month loss of -2.77%. The firm has a 50-day simple moving average (SMA 50) of $6.699 and a 200-day simple moving average (SMA200) of $7.1708.
The stock witnessed a -0.57% gain in the last 1 month and extending the period to 3 months gives it a 1.30%, and is 1.59% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.04% over the week and 2.32% over the month.
Current P/E ratio is 7.56 and Fwd P/E is 6.75. Distance from 52-week low is 27.12% and -23.34% from its 52-week high.
The EPS is expected to shrink by -16.35% this year
83.0 institutions hold shares in TriplePoint Venture Growth BDC Corp (TPVG), with institutional investors hold 11.96% of the company’s shares. The shares outstanding are 40.23M, and float is at 39.65M with Short Float at 5.15%. Institutions hold 11.78% of the Float.
The top institutional shareholder in the company is INVESCO LTD. with over 1.06 million shares valued at $8.51 million. The investor’s holdings represent 2.7362 of the TPVG Shares outstanding. As of 2024-06-30, the second largest holder is VAN ECK ASSOCIATES CORP with 0.85 million shares valued at $6.8 million to account for 2.1863 of the shares outstanding. The other top investors are TWO SIGMA ADVISERS, LP which holds 0.7 million shares representing 1.7953 and valued at over $5.58 million, while TWO SIGMA INVESTMENTS, LP holds 1.4526 of the shares totaling 0.56 million with a market value of $4.52 million.
TriplePoint Venture Growth BDC Corp (TPVG) Insider Activity
The most recent transaction is an insider purchase by Srivastava Sajal, the company’s President. SEC filings show that Srivastava Sajal bought 24,083 shares of the company’s common stock on Aug 13 ’24 at a price of $7.09 per share for a total of $0.17 million. Following the purchase, the insider now owns 0.27 million shares.
TriplePoint Venture Growth BDC Corp disclosed in a document filed with the SEC on Aug 12 ’24 that Srivastava Sajal (President) bought a total of 11,298 shares of the company’s common stock. The trade occurred on Aug 12 ’24 and was made at $7.02 per share for $79311.0. Following the transaction, the insider now directly holds 0.25 million shares of the TPVG stock.
