TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) Shares Purchased by Two Sigma Investments LP

Two Sigma Investments LP boosted its holdings in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG - Free Report) by 21.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 678,034 shares of the investment management company's stock after buying an additional 122,039 shares during the quarter. Two Sigma Investments LP owned 1.69% of TriplePoint Venture Growth BDC worth $5,004,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Millennium Management LLC raised its holdings 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 valued at $890,000 after purchasing an additional 77,551 shares during the last quarter. Alpine Global Management LLC purchased a new stake in TriplePoint Venture Growth BDC during the 4th quarter valued at $477,000. Trexquant Investment LP lifted its holdings in shares of TriplePoint Venture Growth BDC by 35.5% during the 4th quarter. Trexquant Investment LP now owns 227,039 shares of the investment management company's stock valued at $1,676,000 after buying an additional 59,462 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of TriplePoint Venture Growth BDC in the 4th quarter worth $417,000. Finally, Aquatic Capital Management LLC purchased a new position in shares of TriplePoint Venture Growth BDC in the 4th quarter worth $383,000. Hedge funds and other institutional investors own 12.77% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on TPVG shares. UBS Group lowered their target price 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. 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. Wells Fargo & Company cut 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 research report on Monday, April 28th. Piper Sandler decreased their price target on shares of TriplePoint Venture Growth BDC from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, 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 for the company in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, TriplePoint Venture Growth BDC currently has a consensus rating of "Hold" and an average target price of $6.79.

TriplePoint Venture Growth BDC Price Performance

TriplePoint Venture Growth BDC stock traded up $0.02 during midday trading on Friday, reaching $6.94. The company's stock had a trading volume of 141,875 shares, compared to its average volume of 380,322. The stock has a market capitalization of $279.22 million, a P/E ratio of 33.05 and a beta of 1.49. The stock's 50-day simple moving average is $6.39 and its 200-day simple moving average is $7.26. 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 released its earnings results on Wednesday, May 7th. The investment management company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.03). TriplePoint Venture Growth BDC had a return on equity of 16.86% and a net margin of 9.01%. The firm had revenue of $22.45 million for the quarter, compared to analyst estimates of $24.90 million. As a group, equities research analysts expect that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current fiscal year.

TriplePoint Venture Growth BDC Dividend Announcement

The business 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 $0.30 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.20 annualized dividend and a dividend yield of 17.29%. TriplePoint Venture Growth BDC's dividend payout ratio (DPR) is presently 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.