TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its holdings in shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) by 435.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,630 shares of the investment management company’s stock after buying an additional 87,535 shares during the period. International Assets Investment Management LLC owned approximately 0.27% of TriplePoint Venture Growth BDC worth $760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Quarry LP acquired a new position in TriplePoint Venture Growth BDC during the 2nd quarter valued at about $35,000. Millennium Management LLC increased its holdings in shares of TriplePoint Venture Growth BDC by 169.5% in the second quarter. Millennium Management LLC now owns 432,206 shares of the investment management company’s stock valued at $3,471,000 after purchasing an additional 271,824 shares during the period. Marshall Wace LLP acquired a new position in shares of TriplePoint Venture Growth BDC in the second quarter valued at about $1,486,000. Magnetar Financial LLC acquired a new position in shares of TriplePoint Venture Growth BDC in the second quarter valued at about $297,000. Finally, EverSource Wealth Advisors LLC acquired a new position in shares of TriplePoint Venture Growth BDC in the second quarter valued at about $62,000. 12.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on TPVG shares. Piper Sandler cut their price objective on TriplePoint Venture Growth BDC from $9.50 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. LADENBURG THALM/SH SH lowered TriplePoint Venture Growth BDC from a “buy” rating to a “neutral” rating and cut their price objective for the company from $8.50 to $8.00 in a report on Friday, August 9th. Wells Fargo & Company cut their price objective on TriplePoint Venture Growth BDC from $8.00 to $6.50 and set an “underweight” rating on the stock in a report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods cut their price objective on TriplePoint Venture Growth BDC from $9.00 to $8.00 and set an “underperform” rating on the stock in a report on Friday, August 9th. Three equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, TriplePoint Venture Growth BDC presently has an average rating of “Hold” and an average target price of $7.85.

TriplePoint Venture Growth BDC Stock Up 0.3 %

Shares of TPVG opened at $6.52 on Wednesday. TriplePoint Venture Growth BDC Corp. has a 52 week low of $6.44 and a 52 week high of $11.58. The company has a market capitalization of $260.47 million, a price-to-earnings ratio of -21.73 and a beta of 1.80. The stock’s 50-day moving average price is $7.00 and its 200-day moving average price is $8.08.

TriplePoint Venture Growth BDC (NYSE:TPVG) last issued its earnings results on Wednesday, August 7th. The investment management company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.10). TriplePoint Venture Growth BDC had a positive return on equity of 18.24% and a negative net margin of 8.03%. The company had revenue of $27.11 million during the quarter, compared to analysts’ expectations of $28.77 million. During the same quarter in the previous year, the company earned $0.53 EPS. As a group, equities analysts anticipate that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current fiscal year.

Insider Transactions at TriplePoint Venture Growth BDC

In other TriplePoint Venture Growth BDC news, President Sajal Srivastava purchased 11,298 shares of the stock in a transaction on Monday, August 12th. The shares were bought at an average price of $7.02 per share, for a total transaction of $79,311.96. Following the completion of the transaction, the president now owns 250,858 shares of the company’s stock, valued at $1,761,023.16. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.40% of the company’s stock.

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.