Aquatic Capital Management LLC Invests $383,000 in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG)

Aquatic Capital Management LLC purchased a new position in shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 51,894 shares of the investment management company's stock, valued at approximately $383,000. Aquatic Capital Management LLC owned 0.13% of TriplePoint Venture Growth BDC as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new stake in TriplePoint Venture Growth BDC during the 4th quarter worth $41,000. EverSource Wealth Advisors LLC raised its stake in TriplePoint Venture Growth BDC by 25.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 10,000 shares of the investment management company's stock valued at $74,000 after acquiring an additional 2,000 shares during the last quarter. Avenir Corp acquired a new stake in TriplePoint Venture Growth BDC during the 4th quarter worth approximately $74,000. Strategic Financial Concepts LLC acquired a new position in shares of TriplePoint Venture Growth BDC in the fourth quarter valued at approximately $120,000. Finally, Diversify Wealth Management LLC raised its stake in shares of TriplePoint Venture Growth BDC by 53.4% during the fourth quarter. Diversify Wealth Management LLC now owns 18,830 shares of the investment management company's stock worth $142,000 after purchasing an additional 6,553 shares during the last quarter. Hedge funds and other institutional investors own 12.77% of the company's stock.

TriplePoint Venture Growth BDC Stock Up 1.7 %

Shares of TriplePoint Venture Growth BDC stock traded up $0.10 on Tuesday, hitting $6.03. The company's stock had a trading volume of 313,991 shares, compared to its average volume of 386,821. The firm has a fifty day moving average price of $6.70 and a 200-day moving average price of $7.31. TriplePoint Venture Growth BDC Corp. has a 52-week low of $5.53 and a 52-week high of $9.70. The company has a market capitalization of $242.03 million, a P/E ratio of 28.72 and a beta of 1.65.

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

TriplePoint Venture Growth BDC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 19.90%. The ex-dividend date was Monday, March 17th. TriplePoint Venture Growth BDC's payout ratio is 146.34%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wells Fargo & Company cut their price target on shares of TriplePoint Venture Growth BDC from $6.50 to $5.50 and set an "underweight" rating for the company in a report on Monday, April 28th. Keefe, Bruyette & Woods reduced their price target on TriplePoint Venture Growth BDC from $7.50 to $7.00 and set a "market perform" rating for the company in a report on Tuesday, April 8th. UBS Group dropped their price objective 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 reduced their target price on TriplePoint Venture Growth BDC from $8.00 to $7.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, Compass Point decreased their target price on shares of TriplePoint Venture Growth BDC from $8.00 to $7.25 and set a "neutral" rating on the stock in a research report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat.com, TriplePoint Venture Growth BDC currently has a consensus rating of "Hold" and an average price target of $6.79.

TriplePoint Venture Growth BDC 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.