Sigma Planning Corp Has $407,000 Position in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG)

Sigma Planning Corp reduced its stake in shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) by 51.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 37,440 shares of the investment management company’s stock after selling 39,221 shares during the quarter. Sigma Planning Corp’s holdings in TriplePoint Venture Growth BDC were worth $407,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. CWM LLC lifted its holdings in shares of TriplePoint Venture Growth BDC by 127.5% during the 4th quarter. CWM LLC now owns 2,275 shares of the investment management company’s stock valued at $25,000 after purchasing an additional 1,275 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its holdings in shares of TriplePoint Venture Growth BDC by 94.3% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 4,533 shares of the investment management company’s stock valued at $49,000 after purchasing an additional 2,200 shares in the last quarter. Dfpg Investments LLC bought a new position in shares of TriplePoint Venture Growth BDC during the 4th quarter valued at about $116,000. Portside Wealth Group LLC lifted its holdings in shares of TriplePoint Venture Growth BDC by 10.7% during the 3rd quarter. Portside Wealth Group LLC now owns 11,675 shares of the investment management company’s stock valued at $121,000 after purchasing an additional 1,125 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC bought a new position in shares of TriplePoint Venture Growth BDC during the 3rd quarter valued at about $139,000. 12.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TPVG shares. JMP Securities reiterated a “market perform” rating on shares of TriplePoint Venture Growth BDC in a report on Thursday, March 7th. Keefe, Bruyette & Woods cut their target price on TriplePoint Venture Growth BDC from $9.50 to $9.00 and set an “underperform” rating on the stock in a research note on Thursday, March 7th. Piper Sandler cut their target price on TriplePoint Venture Growth BDC from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Thursday, March 7th. Wells Fargo & Company cut their target price on TriplePoint Venture Growth BDC from $11.00 to $9.50 and set an “equal weight” rating on the stock in a research note on Thursday, March 7th. Finally, StockNews.com cut TriplePoint Venture Growth BDC from a “hold” rating to a “sell” rating in a research note on Thursday, March 7th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $10.38.

TriplePoint Venture Growth BDC Trading Up 1.6 %

Shares of TriplePoint Venture Growth BDC stock opened at $9.55 on Friday. TriplePoint Venture Growth BDC Corp. has a 12-month low of $8.88 and a 12-month high of $12.70. The business’s 50 day moving average is $9.73 and its 200-day moving average is $10.28.

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

TriplePoint Venture Growth BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, March 14th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 16.75%. The ex-dividend date of this dividend was Wednesday, March 13th. TriplePoint Venture Growth BDC’s dividend payout ratio is currently -145.45%.

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.