Commonwealth Equity Services LLC Sells 1,905 Shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG)

Commonwealth Equity Services LLC lessened its holdings in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) by 10.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,679 shares of the investment management company’s stock after selling 1,905 shares during the quarter. Commonwealth Equity Services LLC’s holdings in TriplePoint Venture Growth BDC were worth $123,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Jane Street Group LLC boosted its stake in TriplePoint Venture Growth BDC by 712.4% in the third quarter. Jane Street Group LLC now owns 104,997 shares of the investment management company’s stock valued at $741,000 after acquiring an additional 92,072 shares during the last quarter. Kovack Advisors Inc. raised its position in shares of TriplePoint Venture Growth BDC by 20.8% during the 4th quarter. Kovack Advisors Inc. now owns 44,819 shares of the investment management company’s stock valued at $331,000 after acquiring an additional 7,719 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of TriplePoint Venture Growth BDC in the 3rd quarter valued at $307,000. Raymond James Financial Inc. bought a new position in shares of TriplePoint Venture Growth BDC in the 4th quarter worth $267,000. Finally, U.S. Capital Wealth Advisors LLC grew its stake in shares of TriplePoint Venture Growth BDC by 133.9% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 26,200 shares of the investment management company’s stock worth $193,000 after purchasing an additional 15,000 shares during the period. Institutional investors and hedge funds own 12.77% of the company’s stock.

Analyst Ratings Changes

TPVG has been the topic of several analyst reports. Wells Fargo & Company lowered TriplePoint Venture Growth BDC from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $7.50 to $6.50 in a research note on Monday, March 17th. Compass Point reduced their price objective on shares of TriplePoint Venture Growth BDC from $8.00 to $7.25 and set a “neutral” rating on the stock in a research note on Tuesday, March 18th. Keefe, Bruyette & Woods lowered their target price on shares of TriplePoint Venture Growth BDC from $7.50 to $7.00 and set a “market perform” rating for the company in a research note on Tuesday. Finally, Piper Sandler cut their target price on shares of TriplePoint Venture Growth BDC from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $7.15.

TriplePoint Venture Growth BDC Stock Performance

Shares of TPVG opened at $5.97 on Friday. The stock has a 50 day simple moving average of $7.33 and a 200 day simple moving average of $7.40. TriplePoint Venture Growth BDC Corp. has a 52-week low of $5.53 and a 52-week high of $9.73. The firm has a market capitalization of $239.62 million, a PE ratio of 28.43 and a beta of 1.65.

TriplePoint Venture Growth BDC (NYSE:TPVG) last released its quarterly earnings results on Wednesday, March 5th. The investment management company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.03). TriplePoint Venture Growth BDC had a net margin of 9.01% and a return on equity of 16.86%. The company had revenue of $25.75 million during the quarter, compared to analyst estimates of $26.68 million. Equities research analysts predict that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current fiscal year.

TriplePoint Venture Growth BDC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 20.10%. The ex-dividend date of this dividend was Monday, March 17th. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is presently 146.34%.

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.