Quantbot Technologies LP Boosts Stock Holdings in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG)

Quantbot Technologies LP raised its holdings in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) by 176.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,810 shares of the investment management company’s stock after purchasing an additional 18,391 shares during the quarter. Quantbot Technologies LP’s holdings in TriplePoint Venture Growth BDC were worth $213,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TPVG. EverSource Wealth Advisors LLC lifted its holdings in shares of TriplePoint Venture Growth BDC by 25.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 10,000 shares of the investment management company’s stock valued at $74,000 after buying an additional 2,000 shares during the period. Diversify Wealth Management LLC lifted its holdings in TriplePoint Venture Growth BDC by 53.4% in the fourth quarter. Diversify Wealth Management LLC now owns 18,830 shares of the investment management company’s stock valued at $142,000 after acquiring an additional 6,553 shares during the period. McIlrath & Eck LLC purchased a new stake in shares of TriplePoint Venture Growth BDC during the 3rd quarter worth $51,000. Kovack Advisors Inc. grew its stake in shares of TriplePoint Venture Growth BDC by 20.8% during the 4th quarter. Kovack Advisors Inc. now owns 44,819 shares of the investment management company’s stock worth $331,000 after purchasing an additional 7,719 shares during the period. Finally, Townsquare Capital LLC increased its holdings in shares of TriplePoint Venture Growth BDC by 12.3% in the 3rd quarter. Townsquare Capital LLC now owns 75,845 shares of the investment management company’s stock valued at $535,000 after purchasing an additional 8,311 shares in the last quarter. Institutional investors and hedge funds own 12.77% of the company’s stock.

TriplePoint Venture Growth BDC Price Performance

Shares of TPVG opened at $7.10 on Friday. TriplePoint Venture Growth BDC Corp. has a 1-year low of $6.44 and a 1-year high of $9.73. The firm has a 50 day simple moving average of $7.67 and a 200-day simple moving average of $7.47. The stock has a market cap of $284.77 million, a price-to-earnings ratio of 33.79 and a beta of 1.90.

TriplePoint Venture Growth BDC (NYSE:TPVG) last released its quarterly earnings results on Wednesday, March 5th. The investment management company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The company had revenue of $25.75 million during the quarter, compared to analyst estimates of $26.68 million. TriplePoint Venture Growth BDC had a return on equity of 16.86% and a net margin of 9.01%. On average, equities analysts expect that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current fiscal year.

TriplePoint Venture Growth BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, March 17th. This represents a $1.20 annualized dividend and a dividend yield of 16.91%. TriplePoint Venture Growth BDC’s dividend payout ratio is currently 146.34%.

Wall Street Analyst Weigh In

A number of analysts recently commented on TPVG shares. Compass Point decreased their price objective on shares of TriplePoint Venture Growth BDC from $8.00 to $7.25 and set a “neutral” rating on the stock in a report on Tuesday, March 18th. Piper Sandler boosted 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, March 6th. Finally, Wells Fargo & Company downgraded TriplePoint Venture Growth BDC from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $7.50 to $6.50 in a research note on Monday, March 17th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $7.45.

TriplePoint Venture Growth BDC 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.