Schonfeld Strategic Advisors LLC Has $170,000 Position in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG)

Schonfeld Strategic Advisors LLC reduced its holdings in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG - Free Report) by 72.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,000 shares of the investment management company's stock after selling 59,900 shares during the period. Schonfeld Strategic Advisors LLC owned 0.06% of TriplePoint Venture Growth BDC worth $170,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Marshall Wace LLP increased its holdings in TriplePoint Venture Growth BDC by 12.7% during the fourth quarter. Marshall Wace LLP now owns 364,591 shares of the investment management company's stock worth $2,691,000 after buying an additional 40,952 shares during the last quarter. Legal & General Group Plc increased its stake in shares of TriplePoint Venture Growth BDC by 1.3% during 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 during the last quarter. Trexquant Investment LP increased its stake 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 worth $1,676,000 after purchasing an additional 59,462 shares during the last quarter. Townsquare Capital LLC increased its stake in shares of TriplePoint Venture Growth BDC by 11.9% during the 4th quarter. Townsquare Capital LLC now owns 84,873 shares of the investment management company's stock worth $626,000 after purchasing an additional 9,028 shares during the last quarter. Finally, Alpine Global Management LLC acquired a new position in TriplePoint Venture Growth BDC during the fourth quarter worth approximately $477,000. 12.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TPVG has been the topic of a number of recent analyst reports. UBS Group lowered 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. Compass Point decreased their target price on 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. Keefe, Bruyette & Woods decreased 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 report on Tuesday, April 8th. Piper Sandler decreased their price objective on shares of 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, Wells Fargo & Company decreased their price target on shares of TriplePoint Venture Growth BDC from $6.50 to $5.50 and set an "underweight" rating on the stock in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to data from MarketBeat.com, TriplePoint Venture Growth BDC presently has a consensus rating of "Hold" and a consensus target price of $6.79.

TriplePoint Venture Growth BDC Price Performance

Shares of NYSE TPVG opened at $6.58 on Thursday. The stock's fifty day moving average price is $6.49 and its two-hundred day moving average price is $7.29. TriplePoint Venture Growth BDC Corp. has a one year low of $5.53 and a one year high of $9.70. The firm has a market cap of $264.73 million, a price-to-earnings ratio of 31.33 and a beta of 1.49.

TriplePoint Venture Growth BDC (NYSE:TPVG - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The investment management company reported $0.27 EPS for the quarter, missing the consensus estimate 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 business had revenue of $22.45 million during the quarter, compared to analyst estimates of $24.90 million. On average, equities analysts anticipate 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 firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.30 per share. The ex-dividend date is Monday, June 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 18.24%. TriplePoint Venture Growth BDC's payout ratio is presently 129.03%.

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.

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