Two Sigma Advisers LP lifted its holdings in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG - Free Report) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 830,492 shares of the investment management company's stock after purchasing an additional 50,800 shares during the period. Two Sigma Advisers LP owned 2.07% of TriplePoint Venture Growth BDC worth $6,129,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Summit Securities Group LLC acquired a new stake in TriplePoint Venture Growth BDC in the 4th quarter worth approximately $41,000. Avenir Corp acquired a new stake in shares of TriplePoint Venture Growth BDC in the fourth quarter worth $74,000. 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. Strategic Financial Concepts LLC bought a new stake in shares of TriplePoint Venture Growth BDC during the 4th quarter worth $120,000. Finally, Bank of America Corp DE grew its stake in TriplePoint Venture Growth BDC by 208.5% in the 4th quarter. Bank of America Corp DE now owns 17,122 shares of the investment management company's stock valued at $126,000 after buying an additional 11,572 shares during the last quarter. 12.77% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
TPVG has been the subject of a number of research analyst reports. Compass Point cut 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 research report on Tuesday, March 18th. Keefe, Bruyette & Woods dropped their price objective on TriplePoint Venture Growth BDC from $7.50 to $7.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company cut their price objective on TriplePoint Venture Growth BDC from $6.50 to $5.50 and set an "underweight" rating for the company in a research report on Monday, April 28th. 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 report on Tuesday, April 8th. Finally, UBS Group dropped their price target on TriplePoint Venture Growth BDC from $7.50 to $6.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $6.79.
Check Out Our Latest Stock Report on TPVG
TriplePoint Venture Growth BDC Trading Down 0.1%
Shares of NYSE:TPVG traded down $0.01 during trading on Friday, hitting $6.91. 41,877 shares of the company's stock traded hands, compared to its average volume of 379,274. The company has a 50-day moving average price of $6.39 and a 200-day moving average price of $7.27. TriplePoint Venture Growth BDC Corp. has a 52 week low of $5.53 and a 52 week high of $9.55. The company has a market cap of $278.01 million, a price-to-earnings ratio of 32.91 and a beta of 1.49.
TriplePoint Venture Growth BDC (NYSE:TPVG - Get Free Report) last issued its quarterly 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 business had revenue of $22.45 million for 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%. On average, 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 business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a $0.30 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.20 dividend on an annualized basis and a yield of 17.37%. TriplePoint Venture Growth BDC's dividend payout ratio (DPR) is currently 129.03%.
About TriplePoint Venture Growth BDC
(
Free Report)
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.
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