TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) Shares Purchased by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC grew its stake in shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVGFree Report) by 41.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,303 shares of the investment management company’s stock after purchasing an additional 8,029 shares during the quarter. Steward Partners Investment Advisory LLC owned approximately 0.08% of TriplePoint Venture Growth BDC worth $297,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. CWM LLC raised its stake in 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 worth $25,000 after acquiring an additional 1,275 shares in the last quarter. Farmers & Merchants Investments Inc. increased its position in shares of TriplePoint Venture Growth BDC by 94.3% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 4,533 shares of the investment management company’s stock worth $49,000 after purchasing an additional 2,200 shares in the last quarter. Cape Investment Advisory Inc. purchased a new stake in shares of TriplePoint Venture Growth BDC in the 4th quarter valued at about $79,000. Summitry LLC acquired a new stake in shares of TriplePoint Venture Growth BDC in the 4th quarter valued at about $109,000. Finally, Dfpg Investments LLC acquired a new stake in shares of TriplePoint Venture Growth BDC in the 4th quarter valued at about $116,000. Hedge funds and other institutional investors own 12.77% of the company’s stock.

TriplePoint Venture Growth BDC Stock Up 0.6 %

Shares of TriplePoint Venture Growth BDC stock opened at $9.33 on Friday. The firm has a market cap of $353.14 million, a price-to-earnings ratio of -8.41 and a beta of 1.78. TriplePoint Venture Growth BDC Corp. has a 52-week low of $8.88 and a 52-week high of $12.70. The company’s 50-day simple moving average is $9.30 and its 200-day simple moving average is $10.15.

TriplePoint Venture Growth BDC (NYSE:TPVGGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The investment management company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.03). TriplePoint Venture Growth BDC had a negative net margin of 29.68% and a positive return on equity of 19.64%. The business had revenue of $29.27 million during the quarter, compared to analyst estimates of $31.25 million. During the same period in the prior year, the business earned $0.53 earnings per share. Equities research analysts anticipate that TriplePoint Venture Growth BDC Corp. will post 1.58 EPS for the current year.

TriplePoint Venture Growth BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 17.15%. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is presently -144.14%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TPVG shares. Piper Sandler reduced their price objective on TriplePoint Venture Growth BDC from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Thursday, March 7th. Wells Fargo & Company restated an “underweight” rating and issued a $8.50 price objective (down from $9.50) on shares of TriplePoint Venture Growth BDC in a research note on Wednesday, May 29th. Keefe, Bruyette & Woods reduced their target price on shares of TriplePoint Venture Growth BDC from $9.50 to $9.00 and set an “underperform” 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 research report on Thursday, March 7th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of TriplePoint Venture Growth BDC in a research note on Thursday, March 7th. Three analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $9.55.

Get Our Latest Report on TPVG

TriplePoint Venture Growth BDC Profile

(Free Report)

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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Institutional Ownership by Quarter for TriplePoint Venture Growth BDC (NYSE:TPVG)

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