Compass Point Downgrades TriplePoint Venture Growth to Hold

By Ryan Adsit

In a report released today, Casey Alexander from Compass Point downgraded TriplePoint Venture Growth (NYSE: TPVG) to Hold. The company’s shares opened today at $13.25.

According to TipRanks.com, Alexander is a 2-star analyst with an average return of 1.5% and a 63.2% success rate. Alexander covers the Financial sector, focusing on stocks such as Fifth Street Finance, Medley Management, and HCI Group Inc.

TriplePoint Venture Growth has an analyst consensus of Hold.

TriplePoint Venture Growth’s market cap is currently $226.7M and has a P/E ratio of 7.49. The company has a book value ratio of 1.0467.

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TriplePoint Venture Growth BDC Corp. is a business development company that seeks investment opportunities in companies located primarily in the US, UK, and Israel. The fund focuses on companies operating in the fields of biofuels, business applications software, wireless communications equipment, e-commerce, clothing & accessories, conferencing equipment & services, personal goods, financial institutions & services, entertainment, mixed retailing, and healthcare services. It provides financing in the form of growth capital loans with an investment size ranging from $5 million to $50 million, equipment financings with an investment ranging from $5 million to $25 million, revolving loans with an investment ranging from $1 million to $25 million, direct equity investment transactions with an investment size ranging from $0.1 to $5 million, and warrants.