Triplepoint Venture Growth BDC Corp
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Financials : Capital Markets | Small Cap Value
Company profile

TriplePoint Venture Growth BDC Corp. is an externally managed, 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 on 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 TriplePoint Advisers LLC.

Closing Price
$17.02
Day's Change
0.00 (0.00%)
Bid
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Ask
--
B/A Size
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Day's High
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Day's Low
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Volume
(Light)
Volume:
0

10-day average volume:
132,669
0

Jefferies lifts financial stock rating to overweight from market weight

6:33 am ET September 29, 2021 (MarketWatch)
Print

Jefferies equity strategist Steven G. DeSanctis on Tuesday lifted the firm's rating on financial stocks to overweight from market weight in a reaction to bearish sentiment around the sector and the prospect of higher interest rates. "Sentiment is downright awful," he said. "When flows are this bad, the group rebounds and delivers better than average performance." The sector offers cheap valuations currently and may be helped by GDP growth of 4% next year. "We think '22 earnings numbers are very conservative and should move up, keeping the revision ratios above average," DeSanctis said. M&A activity remains at record levels and could boost performance. Among the stocks in the group, Jefferies spotlighted Ares Management (ARES), Carlyle Group (CG), First Cash Inc. (FCFS), Hancock Whitney (HWC), LPL Financial (LPLA), OneMain Holdings (OMF), Signature Bank (SBNY), SLM Corp. (SLM), Sterling Bancorp (STL), Western Alliance Bancorp (WAL) and Wintrust Financial (WTFC). The SPDR Regional Banking ETF is up 30.9% so far this year, compared to a rise of 16.6% by the S&P 500 .

-Steve Gelsi

	

(END) Dow Jones Newswires

September 29, 2021 06:33 ET (10:33 GMT)

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