International Assets Investment Management LLC Has $13.74 Million Stock Holdings in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG)

International Assets Investment Management LLC boosted its holdings in shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG - Free Report) by 1,066.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,265,136 shares of the investment management company's stock after buying an additional 1,156,701 shares during the period. International Assets Investment Management LLC owned about 3.51% of TriplePoint Venture Growth BDC worth $13,739,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Van ECK Associates Corp lifted its holdings in shares of TriplePoint Venture Growth BDC by 6.7% during the third quarter. Van ECK Associates Corp now owns 587,606 shares of the investment management company's stock valued at $6,147,000 after acquiring an additional 36,675 shares during the period. Millennium Management LLC lifted its holdings in shares of TriplePoint Venture Growth BDC by 3,755.7% during the second quarter. Millennium Management LLC now owns 480,955 shares of the investment management company's stock valued at $6,127,000 after acquiring an additional 468,481 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of TriplePoint Venture Growth BDC by 4.4% during the first quarter. Advisors Asset Management Inc. now owns 340,187 shares of the investment management company's stock valued at $4,109,000 after acquiring an additional 14,292 shares during the period. Two Sigma Advisers LP lifted its holdings in shares of TriplePoint Venture Growth BDC by 26.6% during the third quarter. Two Sigma Advisers LP now owns 294,292 shares of the investment management company's stock valued at $3,196,000 after acquiring an additional 61,800 shares during the period. Finally, BlackRock Inc. lifted its holdings in shares of TriplePoint Venture Growth BDC by 18.2% during the third quarter. BlackRock Inc. now owns 255,090 shares of the investment management company's stock valued at $2,770,000 after acquiring an additional 39,313 shares during the period. Institutional investors and hedge funds own 12.77% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on TPVG. Piper Sandler cut their price objective on TriplePoint Venture Growth BDC from $11.00 to $10.00 and set a "neutral" rating for the company in a report on Thursday, March 7th. StockNews.com cut TriplePoint Venture Growth BDC from a "hold" rating to a "sell" rating in a report on Thursday, March 7th. JMP Securities reaffirmed a "market perform" rating on shares of TriplePoint Venture Growth BDC in a report on Thursday, March 7th. Wells Fargo & Company cut their price target on TriplePoint Venture Growth BDC from $11.00 to $9.50 and set an "equal weight" rating for the company in a report on Thursday, March 7th. Finally, Compass Point raised TriplePoint Venture Growth BDC from a "sell" rating to a "neutral" rating and set a $8.75 price target for the company in a report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat.com, TriplePoint Venture Growth BDC presently has a consensus rating of "Hold" and a consensus target price of $10.38.

TriplePoint Venture Growth BDC Stock Performance

NYSE:TPVG traded down $0.13 on Friday, hitting $9.10. 431,019 shares of the stock were exchanged, compared to its average volume of 293,830. The stock has a market capitalization of $342.34 million, a price-to-earnings ratio of -8.23 and a beta of 1.77. TriplePoint Venture Growth BDC Corp. has a 52 week low of $8.94 and a 52 week high of $12.70. The company's 50-day moving average price is $10.08 and its 200 day moving average price is $10.35.

TriplePoint Venture Growth BDC (NYSE:TPVG - Get Free Report) last announced its quarterly earnings data on Wednesday, March 6th. The investment management company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.02). The firm had revenue of $32.97 million for the quarter, compared to the consensus estimate of $33.38 million. TriplePoint Venture Growth BDC had a positive return on equity of 19.50% and a negative net margin of 28.96%. As a group, equities research analysts predict that TriplePoint Venture Growth BDC Corp. will post 1.69 earnings per share for the current year.

TriplePoint Venture Growth BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 14th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.60 annualized dividend and a yield of 17.58%. TriplePoint Venture Growth BDC's dividend payout ratio is currently -145.45%.

TriplePoint Venture Growth BDC 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.