Alpine Global Management LLC Acquires Shares of 64,606 TriplePoint Venture Growth BDC Corp. (NYSE:TPVG)

Alpine Global Management LLC bought a new position in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 64,606 shares of the investment management company's stock, valued at approximately $477,000. Alpine Global Management LLC owned about 0.16% of TriplePoint Venture Growth BDC as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. PharVision Advisers LLC acquired a new position in shares of TriplePoint Venture Growth BDC in the fourth quarter valued at approximately $84,000. Two Sigma Advisers LP boosted its holdings in shares of TriplePoint Venture Growth BDC by 6.5% in the fourth quarter. Two Sigma Advisers LP now owns 830,492 shares of the investment management company's stock valued at $6,129,000 after acquiring an additional 50,800 shares during the period. Two Sigma Investments LP increased its position in TriplePoint Venture Growth BDC by 21.9% in the 4th quarter. Two Sigma Investments LP now owns 678,034 shares of the investment management company's stock valued at $5,004,000 after acquiring an additional 122,039 shares during the period. Millennium Management LLC raised its stake in shares of TriplePoint Venture Growth BDC by 180.1% during the fourth quarter. Millennium Management LLC now owns 120,602 shares of the investment management company's stock worth $890,000 after purchasing an additional 77,551 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in TriplePoint Venture Growth BDC during the 4th quarter worth $417,000. 12.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

TriplePoint Venture Growth BDC Trading Down 0.2%

TPVG stock traded down $0.02 during mid-day trading on Wednesday, hitting $6.91. The stock had a trading volume of 57,537 shares, compared to its average volume of 381,182. The stock has a market capitalization of $277.81 million, a price-to-earnings ratio of 32.88 and a beta of 1.49. The company has a fifty day moving average of $6.40 and a 200 day moving average of $7.28. TriplePoint Venture Growth BDC Corp. has a 1-year low of $5.53 and a 1-year high of $9.55.

TriplePoint Venture Growth BDC (NYSE:TPVG - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The investment management company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.03). The company had revenue of $22.45 million for the quarter, compared to analyst estimates of $24.90 million. TriplePoint Venture Growth BDC had a return on equity of 16.86% and a net margin of 9.01%. As a group, sell-side analysts expect that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current fiscal year.

TriplePoint Venture Growth BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 17.38%. The ex-dividend date of this dividend is Monday, June 16th. TriplePoint Venture Growth BDC's dividend payout ratio (DPR) is currently 129.03%.

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.