TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) Position Increased by Marshall Wace LLP

Marshall Wace LLP boosted its position in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG - Free Report) by 12.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 364,591 shares of the investment management company's stock after purchasing an additional 40,952 shares during the quarter. Marshall Wace LLP owned about 0.91% of TriplePoint Venture Growth BDC worth $2,691,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Townsquare Capital LLC lifted its position in TriplePoint Venture Growth BDC by 11.9% during the fourth quarter. Townsquare Capital LLC now owns 84,873 shares of the investment management company's stock worth $626,000 after buying an additional 9,028 shares during the period. Raymond James Financial Inc. purchased a new position in shares of TriplePoint Venture Growth BDC during the 4th quarter worth about $267,000. Legal & General Group Plc boosted its position in shares of TriplePoint Venture Growth BDC by 1.3% in the fourth quarter. Legal & General Group Plc now owns 264,486 shares of the investment management company's stock worth $1,951,000 after acquiring an additional 3,418 shares during the last quarter. ExodusPoint Capital Management LP purchased a new stake in TriplePoint Venture Growth BDC in the fourth quarter valued at approximately $219,000. Finally, Trexquant Investment LP increased its position in TriplePoint Venture Growth BDC by 35.5% during the fourth 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. 12.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TPVG has been the subject of several research reports. Piper Sandler lowered their price objective on shares of TriplePoint Venture Growth BDC from $8.00 to $7.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company dropped their price target on TriplePoint Venture Growth BDC from $6.50 to $5.50 and set an "underweight" rating for the company in a research note on Monday. UBS Group reduced their price objective on 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. Compass Point cut their price target 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. Finally, 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 for the company in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $6.79.

TriplePoint Venture Growth BDC Stock Performance

Shares of TPVG stock traded up $0.03 on Friday, hitting $6.04. The stock had a trading volume of 66,757 shares, compared to its average volume of 307,993. The stock's 50 day moving average is $6.78 and its 200-day moving average is $7.32. The firm has a market capitalization of $242.43 million, a price-to-earnings ratio of 28.76 and a beta of 1.65. TriplePoint Venture Growth BDC Corp. has a 52-week low of $5.53 and a 52-week high of $9.70.

TriplePoint Venture Growth BDC (NYSE:TPVG - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The investment management company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.03). TriplePoint Venture Growth BDC had a net margin of 9.01% and a return on equity of 16.86%. The firm had revenue of $25.75 million during the quarter, compared to analysts' expectations of $26.68 million. Equities analysts expect that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current year.

TriplePoint Venture Growth BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.20 annualized dividend and a yield of 19.87%. TriplePoint Venture Growth BDC's dividend payout ratio is presently 146.34%.

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.