Janney Capital Initiates Coverage on TriplePoint Venture Growth BDC Corp to Neutral

Janney Capital Initiates Coverage on TriplePoint Venture Growth BDC Corp(NYSE:TPVG). The shares have been rated Neutral. The rating by Janney Capital was issued on Jun 22, 2016.

In a different note, Ladenburg Thalmann said it Initiates Coverage on TriplePoint Venture Growth BDC Corp, according to a research note issued on May 2, 2016. The shares have been rated ‘Buy’ by the firm.

TriplePoint Venture Growth BDC Corp(TPVG) last announced its earnings results on May 9, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $11.08M. Analysts had an estimated revenue of $10.80M. Earnings per share were $0.41. Analysts had estimated an EPS of $0.28.

Several Insider Transactions has been reported to the SEC. On Sep 3, 2015, Steven Bird (director) purchased 30,000 shares at $11.85 per share price.Also, 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.

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