Wiley BROS. Aintree Capital LLC cut its position in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG – Free Report) by 11.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,694 shares of the investment management company’s stock after selling 1,474 shares during the period. Wiley BROS. Aintree Capital LLC’s holdings in TriplePoint Venture Growth BDC were worth $138,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Captrust Financial Advisors acquired a new stake in TriplePoint Venture Growth BDC during the 2nd quarter worth $25,000. Belpointe Asset Management LLC bought a new stake in shares of TriplePoint Venture Growth BDC in the fourth quarter worth about $26,000. BNP Paribas Arbitrage SA acquired a new stake in shares of TriplePoint Venture Growth BDC during the second quarter worth about $36,000. Lazard Asset Management LLC bought a new position in shares of TriplePoint Venture Growth BDC during the 1st quarter valued at about $39,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of TriplePoint Venture Growth BDC by 28.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,895 shares of the investment management company’s stock valued at $42,000 after purchasing an additional 869 shares in the last quarter. 12.96% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts have commented on TPVG shares. JMP Securities restated a “market outperform” rating and set a $11.50 target price on shares of TriplePoint Venture Growth BDC in a report on Monday, August 21st. StockNews.com initiated coverage on shares of TriplePoint Venture Growth BDC in a report on Thursday, August 17th. They set a “sell” rating on the stock. Finally, Compass Point raised shares of TriplePoint Venture Growth BDC from a “sell” rating to a “neutral” rating and set a $9.75 target price for the company in a research note on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $11.46.
TriplePoint Venture Growth BDC Trading Down 2.3 %
Shares of NYSE TPVG traded down $0.26 during midday trading on Thursday, reaching $10.85. The company’s stock had a trading volume of 262,142 shares, compared to its average volume of 248,989. The stock has a 50 day simple moving average of $11.58 and a 200-day simple moving average of $11.48. The stock has a market capitalization of $384.60 million, a price-to-earnings ratio of -16.10 and a beta of 1.77. TriplePoint Venture Growth BDC Corp. has a fifty-two week low of $9.41 and a fifty-two week high of $13.47.
TriplePoint Venture Growth BDC (NYSE:TPVG – Get Free Report) last issued its quarterly earnings results on Wednesday, August 2nd. The investment management company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. TriplePoint Venture Growth BDC had a negative net margin of 18.39% and a positive return on equity of 18.00%. The firm had revenue of $35.15 million for the quarter, compared to analyst estimates of $37.86 million. As a group, equities analysts anticipate that TriplePoint Venture Growth BDC Corp. will post 2.05 EPS for the current year.
TriplePoint Venture Growth BDC Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.60 annualized dividend and a yield of 14.75%. TriplePoint Venture Growth BDC’s payout ratio is presently -231.88%.
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.
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