TriplePoint downgraded to Market Perform from Outperform at JMP Securities

JMP Securities downgraded TriplePoint Venture Growth BDC to Market Perform from Outperform without a price target. The company reported another disappointing quarter and there are no signs of an inflection in the trajectory of net asset value or leverage, the analyst tells investors in a research note. The firm says TriplePoint’s dividend coverage cushion will likely narrow over the next 12 months.