TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its stake in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) by 214.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 13,200 shares of the investment management company’s stock after buying an additional 9,000 shares during the quarter. BNP Paribas Financial Markets’ holdings in TriplePoint Venture Growth BDC were worth $93,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TPVG. Commonwealth Equity Services LLC boosted its stake in TriplePoint Venture Growth BDC by 4.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 31,132 shares of the investment management company’s stock valued at $250,000 after purchasing an additional 1,346 shares during the period. Kovack Advisors Inc. increased its position in TriplePoint Venture Growth BDC by 7.8% in the 3rd quarter. Kovack Advisors Inc. now owns 37,100 shares of the investment management company’s stock valued at $262,000 after acquiring an additional 2,700 shares during the period. Diversify Advisory Services LLC boosted its position in TriplePoint Venture Growth BDC by 31.2% during the 3rd quarter. Diversify Advisory Services LLC now owns 14,191 shares of the investment management company’s stock worth $94,000 after acquiring an additional 3,378 shares during the period. Norden Group LLC grew its stake in shares of TriplePoint Venture Growth BDC by 21.4% in the second quarter. Norden Group LLC now owns 21,678 shares of the investment management company’s stock worth $174,000 after purchasing an additional 3,818 shares in the last quarter. Finally, Quarry LP acquired a new position in TriplePoint Venture Growth BDC during the 2nd quarter valued at about $35,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

Analyst Upgrades and Downgrades

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

TriplePoint Venture Growth BDC Trading Down 2.4 %

Shares of TPVG opened at $6.88 on Thursday. The business’s 50-day moving average price is $7.47 and its 200 day moving average price is $7.78. The stock has a market capitalization of $275.54 million, a P/E ratio of 32.76 and a beta of 1.87. TriplePoint Venture Growth BDC Corp. has a 1-year low of $6.44 and a 1-year high of $11.58.

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

TriplePoint Venture Growth BDC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 17.44%. TriplePoint Venture Growth BDC’s payout ratio is currently 571.43%.

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.