Two Sigma Advisers LP Grows Position in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG)

Two Sigma Advisers LP lifted its holdings in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG - Free Report) by 6.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 830,492 shares of the investment management company's stock after buying an additional 50,800 shares during the quarter. Two Sigma Advisers LP owned approximately 2.07% of TriplePoint Venture Growth BDC worth $6,129,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TPVG. Two Sigma Investments LP boosted its stake in TriplePoint Venture Growth BDC by 21.9% during the fourth quarter. Two Sigma Investments LP now owns 678,034 shares of the investment management company's stock worth $5,004,000 after acquiring an additional 122,039 shares in the last quarter. Marshall Wace LLP boosted 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 in the last quarter. Legal & General Group Plc boosted its position in shares of TriplePoint Venture Growth BDC by 1.3% in the 4th quarter. Legal & General Group Plc now owns 264,486 shares of the investment management company's stock worth $1,951,000 after purchasing an additional 3,418 shares in the last quarter. Trexquant Investment LP grew its stake 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 buying an additional 59,462 shares during the last quarter. Finally, Millennium Management LLC increased its position in TriplePoint Venture Growth BDC by 180.1% during the 4th quarter. Millennium Management LLC now owns 120,602 shares of the investment management company's stock valued at $890,000 after buying an additional 77,551 shares in the last quarter. 12.77% of the stock is currently owned by institutional investors.

TriplePoint Venture Growth BDC Stock Up 1.2%

TPVG traded up $0.09 during midday trading on Thursday, hitting $6.95. 75,958 shares of the company traded hands, compared to its average volume of 303,025. The company's 50-day moving average is $6.40 and its 200 day moving average is $7.28. The firm has a market capitalization of $279.42 million, a PE ratio of 33.07 and a beta of 1.49. TriplePoint Venture Growth BDC Corp. has a 52 week low of $5.53 and a 52 week high of $9.55.

TriplePoint Venture Growth BDC (NYSE:TPVG - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The investment management company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.03). TriplePoint Venture Growth BDC had a net margin of 9.01% and a return on equity of 16.86%. The company had revenue of $22.45 million for the quarter, compared to the consensus estimate of $24.90 million. On average, sell-side analysts predict 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. Stockholders of record on Monday, June 16th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 17.28%. TriplePoint Venture Growth BDC's dividend payout ratio (DPR) is currently 129.03%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TPVG. Compass Point cut their target price on TriplePoint Venture Growth BDC from $8.00 to $7.25 and set a "neutral" rating on the stock in a research note on Tuesday, March 18th. Keefe, Bruyette & Woods cut their price objective on shares of TriplePoint Venture Growth BDC from $7.50 to $7.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company decreased their target price 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. UBS Group dropped their target price on shares of TriplePoint Venture Growth BDC from $7.50 to $6.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Finally, Piper Sandler reduced their price target on shares of TriplePoint Venture Growth BDC from $8.00 to $7.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $6.79.

About TriplePoint Venture Growth BDC

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.