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

Jane Street Group LLC grew its holdings in shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) by 712.4% in the 3rd quarter, Holdings Channel reports. The fund owned 104,997 shares of the investment management company’s stock after acquiring an additional 92,072 shares during the period. Jane Street Group LLC’s holdings in TriplePoint Venture Growth BDC were worth $741,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quarry LP purchased a new position in TriplePoint Venture Growth BDC in the second quarter valued at about $35,000. EverSource Wealth Advisors LLC acquired a new position in shares of TriplePoint Venture Growth BDC in the 2nd quarter valued at approximately $62,000. Diversify Wealth Management LLC purchased a new position in shares of TriplePoint Venture Growth BDC during the 3rd quarter valued at approximately $82,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of TriplePoint Venture Growth BDC during the third quarter worth approximately $83,000. Finally, BNP Paribas Financial Markets increased its stake in shares of 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 worth $93,000 after buying an additional 9,000 shares during the last quarter. 12.77% of the stock is owned by hedge funds and other institutional investors.

TriplePoint Venture Growth BDC Stock Performance

NYSE TPVG opened at $7.62 on Friday. TriplePoint Venture Growth BDC Corp. has a one year low of $6.44 and a one year high of $11.58. The company has a 50-day simple moving average of $7.59 and a 200-day simple moving average of $7.64. The firm has a market capitalization of $305.17 million, a PE ratio of 36.29 and a beta of 1.87.

TriplePoint Venture Growth BDC (NYSE:TPVG) last issued its earnings results on Wednesday, November 6th. The investment management company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $26.52 million during the quarter, compared to the consensus estimate of $25.65 million. TriplePoint Venture Growth BDC had a return on equity of 16.86% and a net margin of 9.01%. During the same period in the previous year, the firm posted $0.54 earnings per share. Equities analysts forecast 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 disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, December 13th. This represents a $1.20 dividend on an annualized basis and a yield of 15.75%. TriplePoint Venture Growth BDC’s payout ratio is currently 571.43%.

Analysts Set New Price Targets

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

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.