B. Riley Wealth Advisors Inc. Sells 4,512 Shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG)

B. Riley Wealth Advisors Inc. lowered its holdings in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) by 9.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 44,340 shares of the investment management company’s stock after selling 4,512 shares during the quarter. B. Riley Wealth Advisors Inc. owned about 0.12% of TriplePoint Venture Growth BDC worth $482,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of TPVG. International Assets Investment Management LLC grew its holdings in shares of TriplePoint Venture Growth BDC by 1,066.7% during the fourth quarter. International Assets Investment Management LLC now owns 1,265,136 shares of the investment management company’s stock valued at $13,739,000 after buying an additional 1,156,701 shares during the last quarter. Van ECK Associates Corp boosted its stake in TriplePoint Venture Growth BDC by 12.6% during the 4th quarter. Van ECK Associates Corp now owns 661,530 shares of the investment management company’s stock valued at $7,185,000 after purchasing an additional 73,924 shares during the last quarter. Calton & Associates Inc. bought a new stake in TriplePoint Venture Growth BDC during the 4th quarter worth approximately $134,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of TriplePoint Venture Growth BDC in the fourth quarter worth approximately $133,000. Finally, Dfpg Investments LLC bought a new position in shares of TriplePoint Venture Growth BDC in the fourth quarter valued at approximately $116,000. Institutional investors own 12.77% of the company’s stock.

TriplePoint Venture Growth BDC Stock Down 0.2 %

TriplePoint Venture Growth BDC stock opened at $8.29 on Monday. The firm has a 50 day moving average price of $9.25 and a 200-day moving average price of $10.04. TriplePoint Venture Growth BDC Corp. has a twelve month low of $8.26 and a twelve month high of $12.70. The company has a market capitalization of $313.78 million, a P/E ratio of -7.47 and a beta of 1.78.

TriplePoint Venture Growth BDC (NYSE:TPVG) last announced its quarterly earnings data on Wednesday, May 1st. The investment management company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.03). The firm had revenue of $29.27 million for the quarter, compared to the consensus estimate of $31.25 million. TriplePoint Venture Growth BDC had a negative net margin of 29.68% and a positive return on equity of 19.64%. During the same period last year, the company posted $0.53 earnings per share. Equities analysts expect that TriplePoint Venture Growth BDC Corp. will post 1.58 EPS for the current fiscal year.

TriplePoint Venture Growth BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 19.30%. The ex-dividend date is Friday, June 14th. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is currently -144.14%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on TPVG shares. Compass Point raised TriplePoint Venture Growth BDC from a “sell” rating to a “neutral” rating and set a $8.75 price target for the company in a research report on Friday, March 22nd. JMP Securities reiterated a “market perform” rating on shares of TriplePoint Venture Growth BDC in a research note on Thursday, March 7th. StockNews.com downgraded TriplePoint Venture Growth BDC from a “hold” rating to a “sell” rating in a research note on Thursday, March 7th. Piper Sandler decreased their price target on TriplePoint Venture Growth BDC from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Thursday, March 7th. Finally, Wells Fargo & Company reiterated an “underweight” rating and set a $8.50 price target (down from $9.50) on shares of TriplePoint Venture Growth BDC in a report on Wednesday, May 29th. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat.com, TriplePoint Venture Growth BDC currently has a consensus rating of “Hold” and an average target price of $9.55.

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.