TriplePoint Venture Growth BDC Corp (TPVG) was Downgraded by Compass Point to ” Neutral” and the brokerage firm has set the Price Target at $12.25. Earlier the firm had a rating of “Buy ” on the company shares. Compass Point advised their investors in a research report released on Aug 25, 2016.
Many Wall Street Analysts have commented on TriplePoint Venture Growth BDC Corp. Compass Point Initiated TriplePoint Venture Growth BDC Corp on Jun 29, 2016 to “Buy”, Price Target of the shares are set at $12.75.
In a different news, on Sep 3, 2015, Steven Bird (director) purchased 30,000 shares at $11.85 per share price. According to the SEC, on Aug 24, 2015, Sajal Srivastava (director officer ) purchased 20,000 shares at $12.03 per share price.
TriplePoint Venture Growth BDC Corp. is an externally managed closed-end non-diversified management investment company that has elected to be regulated as a business development 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) venture capital investors. The Company offers a range of customized secured financing products that includes a combination of an initial facility fee interest and principal payments end-of-term payments and warrant and/or equity sale proceeds. The Company is externally managed by TPVG Advisers LLC (the Adviser) a wholly owned subsidiary of TPC.