Jane Street Group LLC Sells 52,169 Shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG)

Jane Street Group LLC lowered its holdings in shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG - Free Report) by 49.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,828 shares of the investment management company's stock after selling 52,169 shares during the quarter. Jane Street Group LLC owned about 0.13% of TriplePoint Venture Growth BDC worth $390,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 worth $74,000 after buying an additional 2,000 shares during the period. Legal & General Group Plc boosted its holdings in TriplePoint Venture Growth BDC by 1.3% during the fourth quarter. Legal & General Group Plc now owns 264,486 shares of the investment management company's stock valued at $1,951,000 after acquiring an additional 3,418 shares during the period. Summit Securities Group LLC bought a new stake in TriplePoint Venture Growth BDC during the fourth quarter valued at about $41,000. Northern Trust Corp grew its position in shares of TriplePoint Venture Growth BDC by 29.5% in the fourth quarter. Northern Trust Corp now owns 31,176 shares of the investment management company's stock valued at $230,000 after purchasing an additional 7,098 shares during the last quarter. Finally, Kovack Advisors Inc. increased its stake in shares of TriplePoint Venture Growth BDC by 20.8% in the fourth quarter. Kovack Advisors Inc. now owns 44,819 shares of the investment management company's stock worth $331,000 after purchasing an additional 7,719 shares during the period. Institutional investors and hedge funds own 12.77% of the company's stock.

TriplePoint Venture Growth BDC Stock Down 0.3%

NYSE:TPVG traded down $0.02 during trading hours on Wednesday, reaching $7.05. The company had a trading volume of 103,037 shares, compared to its average volume of 377,144. The stock has a 50-day moving average of $6.38 and a two-hundred day moving average of $7.25. TriplePoint Venture Growth BDC Corp. has a one year low of $5.53 and a one year high of $9.55. The firm has a market capitalization of $283.64 million, a PE ratio of 33.57 and a beta of 1.49.

TriplePoint Venture Growth BDC (NYSE:TPVG - Get Free Report) last posted its earnings results on Wednesday, May 7th. The investment management company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.03). The firm had revenue of $22.45 million during the quarter, compared to the consensus estimate 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 year.

TriplePoint Venture Growth BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 17.02%. The ex-dividend date of this dividend is Monday, June 16th. TriplePoint Venture Growth BDC's payout ratio is 129.03%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Keefe, Bruyette & Woods decreased 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. UBS Group cut their target price on shares of TriplePoint Venture Growth BDC from $7.50 to $6.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Wells Fargo & Company reduced 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. Compass Point dropped their price objective on shares of TriplePoint Venture Growth BDC from $8.00 to $7.25 and set a "neutral" rating on the stock in a report on Tuesday, March 18th. Finally, Piper Sandler reduced their target price 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 equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $6.79.

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.