Jane Street Group LLC Acquires 92,072 Shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG)

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

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quarry LP bought a new position in shares of TriplePoint Venture Growth BDC during the 2nd quarter valued at about $35,000. EverSource Wealth Advisors LLC bought a new position in TriplePoint Venture Growth BDC during the second quarter valued at approximately $62,000. Diversify Wealth Management LLC purchased a new position in TriplePoint Venture Growth BDC during the 3rd quarter valued at approximately $82,000. Dynamic Technology Lab Private Ltd bought a new stake in TriplePoint Venture Growth BDC in the 3rd quarter worth approximately $83,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of TriplePoint Venture Growth BDC by 214.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 13,200 shares of the investment management company's stock worth $93,000 after acquiring an additional 9,000 shares in the last quarter. 12.77% of the stock is currently owned by institutional investors.

TriplePoint Venture Growth BDC Stock Up 0.5 %

TriplePoint Venture Growth BDC stock traded up $0.04 during midday trading on Friday, reaching $7.66. The stock had a trading volume of 346,741 shares, compared to its average volume of 373,221. 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 fifty day moving average of $7.61 and a 200 day moving average of $7.63. The firm has a market cap of $306.78 million, a price-to-earnings ratio of 36.48 and a beta of 1.87.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. TriplePoint Venture Growth BDC had a return on equity of 16.86% and a net margin of 9.01%. The firm had revenue of $26.52 million during the quarter, compared to analyst estimates of $25.65 million. During the same period last year, the company earned $0.54 EPS. Equities research analysts predict that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current year.

TriplePoint Venture Growth BDC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 15.67%. The ex-dividend date of this dividend was Friday, December 13th. TriplePoint Venture Growth BDC's dividend payout ratio is presently 571.43%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TPVG. Keefe, Bruyette & Woods raised 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 report on Thursday, November 7th. Wells Fargo & Company boosted their target price on shares of 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. Compass Point increased their price target on shares of TriplePoint Venture Growth BDC from $7.50 to $8.00 and gave the company a "neutral" rating in a report on Thursday, December 5th. Piper Sandler reduced their price objective on TriplePoint Venture Growth BDC from $8.00 to $7.50 and set a "neutral" rating on the stock in a research note on Thursday, November 7th. Finally, StockNews.com raised TriplePoint Venture Growth BDC from a "sell" rating to a "hold" rating in a research note on Friday, November 15th. Seven research analysts have rated the stock with a hold rating, According to MarketBeat.com, TriplePoint Venture Growth BDC presently has a consensus rating of "Hold" and an average price target of $7.70.

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.