Strategic Financial Concepts LLC Purchases Shares of 16,236 TriplePoint Venture Growth BDC Corp. (NYSE:TPVG)

Strategic Financial Concepts LLC purchased a new position in shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 16,236 shares of the investment management company’s stock, valued at approximately $120,000.

A number of other institutional investors have also modified their holdings of the stock. Jane Street Group LLC grew its holdings in TriplePoint Venture Growth BDC by 712.4% during the third quarter. Jane Street Group LLC now owns 104,997 shares of the investment management company’s stock worth $741,000 after acquiring an additional 92,072 shares during the period. International Assets Investment Management LLC boosted its position 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 worth $760,000 after purchasing an additional 87,535 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of TriplePoint Venture Growth BDC during the 3rd quarter worth approximately $307,000. Paloma Partners Management Co purchased a new position in shares of TriplePoint Venture Growth BDC during the 3rd quarter valued at approximately $282,000. Finally, Aigen Investment Management LP acquired a new position in shares of TriplePoint Venture Growth BDC in the 3rd quarter valued at $138,000. Hedge funds and other institutional investors own 12.77% of the company’s stock.

TriplePoint Venture Growth BDC Stock Performance

TPVG stock opened at $7.73 on Thursday. TriplePoint Venture Growth BDC Corp. has a 12-month low of $6.44 and a 12-month high of $11.17. The business’s 50-day moving average is $7.67 and its 200 day moving average is $7.50. The stock has a market cap of $309.59 million, a price-to-earnings ratio of 36.81 and a beta of 1.88.

Analysts Set New Price Targets

Several research firms recently commented on TPVG. StockNews.com upgraded shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Keefe, Bruyette & Woods upgraded 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 research report on Thursday, November 7th. Piper Sandler cut their price target 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. Wells Fargo & Company increased 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 report on Tuesday, November 19th. Finally, Compass Point boosted their price objective on TriplePoint Venture Growth BDC from $7.50 to $8.00 and gave the company 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.com, the stock has a consensus rating of “Hold” and an average target price of $7.70.

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.