TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC cut its stake in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG - Free Report) by 85.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,245 shares of the investment management company's stock after selling 92,385 shares during the period. International Assets Investment Management LLC's holdings in TriplePoint Venture Growth BDC were worth $116,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in TPVG. Quarry LP purchased a new stake in shares of TriplePoint Venture Growth BDC in the 2nd quarter worth $35,000. McIlrath & Eck LLC purchased a new stake in TriplePoint Venture Growth BDC in the third quarter worth about $51,000. EverSource Wealth Advisors LLC purchased a new position in TriplePoint Venture Growth BDC during the 2nd quarter valued at about $62,000. Diversify Wealth Management LLC bought a new stake in shares of TriplePoint Venture Growth BDC in the 3rd quarter valued at about $82,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of TriplePoint Venture Growth BDC in the 3rd quarter valued at about $83,000. Hedge funds and other institutional investors own 12.77% of the company's stock.

TriplePoint Venture Growth BDC Stock Performance

TPVG stock traded up $0.04 on Wednesday, hitting $7.61. 189,316 shares of the company's stock were exchanged, compared to its average volume of 289,857. The firm has a 50 day moving average price of $7.74 and a two-hundred day moving average price of $7.58. TriplePoint Venture Growth BDC Corp. has a 12-month low of $6.44 and a 12-month high of $11.58. The stock has a market cap of $304.77 million, a P/E ratio of 36.24 and a beta of 1.88.

TriplePoint Venture Growth BDC (NYSE:TPVG - Get Free Report) last issued 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. The business had revenue of $26.52 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $0.54 earnings per share. Sell-side analysts expect that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current fiscal year.

TriplePoint Venture Growth BDC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a $0.30 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.20 dividend on an annualized basis and a yield of 15.77%. TriplePoint Venture Growth BDC's dividend payout ratio is currently 571.43%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TPVG shares. Compass Point increased 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. StockNews.com upgraded TriplePoint Venture Growth BDC from a "sell" rating to a "hold" rating in a report on Friday, November 15th. Wells Fargo & Company boosted 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. Keefe, Bruyette & Woods raised TriplePoint Venture Growth BDC from an "underperform" rating to a "market perform" rating and dropped their price objective for the company from $8.00 to $7.50 in a research report on Thursday, November 7th. Finally, Piper Sandler reduced their target price on shares of 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. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price 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.