XTX Topco Ltd Invests $118,000 in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG)

XTX Topco Ltd acquired a new stake in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 16,653 shares of the investment management company’s stock, valued at approximately $118,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC raised its position 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 buying an additional 271,824 shares during the last quarter. International Assets Investment Management LLC raised its holdings in TriplePoint Venture Growth BDC by 435.6% in the 3rd quarter. International Assets Investment Management LLC now owns 107,630 shares of the investment management company’s stock valued at $760,000 after acquiring an additional 87,535 shares during the last quarter. Van ECK Associates Corp lifted its stake in TriplePoint Venture Growth BDC by 16.4% in the 2nd quarter. Van ECK Associates Corp now owns 846,716 shares of the investment management company’s stock worth $6,799,000 after purchasing an additional 119,184 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of TriplePoint Venture Growth BDC during the 2nd quarter worth approximately $1,486,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of TriplePoint Venture Growth BDC by 214.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 13,200 shares of the investment management company’s stock worth $93,000 after purchasing an additional 9,000 shares during the last quarter. 12.77% of the stock is owned by institutional investors and hedge funds.

TriplePoint Venture Growth BDC Stock Up 6.2 %

NYSE:TPVG opened at $7.22 on Friday. 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 fifty day simple moving average of $7.49 and a two-hundred day simple moving average of $7.75. The company has a market cap of $289.15 million, a price-to-earnings ratio of 34.38 and a beta of 1.87.

TriplePoint Venture Growth BDC (NYSE:TPVG) last released its earnings results on Wednesday, November 6th. The investment management company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. The firm had revenue of $26.52 million during the quarter, compared to analysts’ expectations of $25.65 million. TriplePoint Venture Growth BDC had a return on equity of 16.86% and a net margin of 9.01%. During the same period in the previous year, the firm posted $0.54 EPS. On average, analysts expect that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current year.

TriplePoint Venture Growth BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $0.30 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.20 annualized dividend and a yield of 16.62%. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is 571.43%.

Analysts Set New Price Targets

A number of analysts have issued reports on TPVG shares. Piper Sandler cut their target price on TriplePoint Venture Growth BDC from $8.00 to $7.50 and set a “neutral” rating for the company in a research note on Thursday, November 7th. StockNews.com upgraded TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Wells Fargo & Company upped their price objective on shares of TriplePoint Venture Growth BDC from $6.50 to $7.50 and gave the stock an “equal weight” rating in a report on Tuesday, November 19th. Keefe, Bruyette & Woods upgraded shares of TriplePoint Venture Growth BDC from an “underperform” rating to a “market perform” rating and dropped their target price for the company from $8.00 to $7.50 in a report on Thursday, November 7th. Finally, Compass Point upped their price target on TriplePoint Venture Growth BDC from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $7.70.

About TriplePoint Venture Growth BDC

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.