Alpine Global Management LLC Acquires New Shares in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG)

Alpine Global Management LLC purchased a new stake in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 64,606 shares of the investment management company's stock, valued at approximately $477,000. Alpine Global Management LLC owned 0.16% of TriplePoint Venture Growth BDC at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Marshall Wace LLP lifted its position in shares of TriplePoint Venture Growth BDC by 12.7% in the 4th quarter. Marshall Wace LLP now owns 364,591 shares of the investment management company's stock worth $2,691,000 after purchasing an additional 40,952 shares during the period. Legal & General Group Plc grew its holdings in TriplePoint Venture Growth BDC by 1.3% during the 4th quarter. Legal & General Group Plc now owns 264,486 shares of the investment management company's stock worth $1,951,000 after acquiring an additional 3,418 shares during the period. Trexquant Investment LP raised its position in shares of TriplePoint Venture Growth BDC by 35.5% in the 4th quarter. Trexquant Investment LP now owns 227,039 shares of the investment management company's stock worth $1,676,000 after acquiring an additional 59,462 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of TriplePoint Venture Growth BDC by 712.4% in the 3rd quarter. Jane Street Group LLC now owns 104,997 shares of the investment management company's stock valued at $741,000 after purchasing an additional 92,072 shares during the period. Finally, Townsquare Capital LLC grew its stake in TriplePoint Venture Growth BDC by 11.9% during the fourth quarter. Townsquare Capital LLC now owns 84,873 shares of the investment management company's stock worth $626,000 after purchasing an additional 9,028 shares during the period. 12.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TPVG has been the subject of several recent analyst reports. Keefe, Bruyette & Woods reduced their price objective on shares of TriplePoint Venture Growth BDC from $7.50 to $7.00 and set a "market perform" rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company downgraded TriplePoint Venture Growth BDC from an "equal weight" rating to an "underweight" rating and reduced their target price for the company from $7.50 to $6.50 in a research note on Monday, March 17th. UBS Group cut their price target on TriplePoint Venture Growth BDC from $7.50 to $6.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Piper Sandler lowered their target price on TriplePoint Venture Growth BDC from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, Compass Point decreased their price target on shares of TriplePoint Venture Growth BDC from $8.00 to $7.25 and set a "neutral" rating for the company in a research note on Tuesday, March 18th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to MarketBeat, TriplePoint Venture Growth BDC has an average rating of "Hold" and a consensus price target of $6.96.

TriplePoint Venture Growth BDC Trading Up 0.4 %

Shares of TPVG traded up $0.02 on Friday, reaching $6.20. 187,234 shares of the company's stock traded hands, compared to its average volume of 389,401. The stock has a market cap of $249.01 million, a PE ratio of 29.54 and a beta of 1.65. The stock's 50 day simple moving average is $6.93 and its two-hundred day simple moving average is $7.34. TriplePoint Venture Growth BDC Corp. has a 52-week low of $5.53 and a 52-week high of $9.70.

TriplePoint Venture Growth BDC (NYSE:TPVG - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The investment management company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.03). TriplePoint Venture Growth BDC had a return on equity of 16.86% and a net margin of 9.01%. The company had revenue of $25.75 million for the quarter, compared to analysts' expectations of $26.68 million. Analysts forecast that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current year.

TriplePoint Venture Growth BDC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.30 per share. The ex-dividend date was Monday, March 17th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 19.34%. TriplePoint Venture Growth BDC's dividend payout ratio is presently 146.34%.

TriplePoint Venture Growth BDC Company Profile

TriplePoint Venture Growth BDC Corp. is a business development company specializing investments in venture capital-backed companies at the growth stage investments. It also provides debt financing to venture growth space companies which includes growth capital loans, secured and customized loans, equipment financings, revolving loans and direct equity investments.