Jane Street Group LLC Raises Stake in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG)

Jane Street Group LLC increased its position in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) by 712.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,997 shares of the investment management company’s stock after buying an additional 92,072 shares during the period. Jane Street Group LLC owned about 0.26% of TriplePoint Venture Growth BDC worth $741,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP purchased a new stake in TriplePoint Venture Growth BDC in the 2nd quarter worth approximately $35,000. EverSource Wealth Advisors LLC acquired a new stake in shares of TriplePoint Venture Growth BDC during the second quarter worth $62,000. Diversify Wealth Management LLC purchased a new stake in shares of TriplePoint Venture Growth BDC in the third quarter valued at $82,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of TriplePoint Venture Growth BDC in the third quarter valued at $83,000. Finally, BNP Paribas Financial Markets increased its stake in TriplePoint Venture Growth BDC by 214.3% in the third quarter. BNP Paribas Financial Markets now owns 13,200 shares of the investment management company’s stock valued at $93,000 after purchasing an additional 9,000 shares during the last quarter. Hedge funds and other institutional investors own 12.77% of the company’s stock.

Analyst Upgrades and Downgrades

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

TriplePoint Venture Growth BDC Stock Up 3.3 %

TPVG opened at $7.62 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 50 day moving average of $7.59 and a two-hundred day moving average of $7.64. The company has a market cap of $305.17 million, a P/E ratio of 36.29 and a beta of 1.87.

TriplePoint Venture Growth BDC (NYSE:TPVG) last announced its quarterly earnings results on Wednesday, November 6th. The investment management company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $26.52 million during the quarter, compared to analysts’ expectations of $25.65 million. During the same period in the prior year, the company earned $0.54 EPS. Research analysts anticipate that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current year.

TriplePoint Venture Growth BDC Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 15.75%. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) 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.