Trexquant Investment LP Acquires 59,462 Shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG)

Trexquant Investment LP boosted its position in shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG - Free Report) by 35.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 227,039 shares of the investment management company's stock after purchasing an additional 59,462 shares during the period. Trexquant Investment LP owned 0.57% of TriplePoint Venture Growth BDC worth $1,676,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of TriplePoint Venture Growth BDC by 25.0% during 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 last quarter. Summit Securities Group LLC acquired a new stake in TriplePoint Venture Growth BDC in the fourth quarter valued at approximately $41,000. Diversify Wealth Management LLC grew its position 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 worth $142,000 after acquiring an additional 6,553 shares in the last quarter. McIlrath & Eck LLC bought a new stake in TriplePoint Venture Growth BDC in the third quarter worth approximately $51,000. Finally, Kovack Advisors Inc. increased 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 last quarter. Hedge funds and other institutional investors own 12.77% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TPVG shares. Keefe, Bruyette & Woods decreased their price objective on shares of TriplePoint Venture Growth BDC from $7.50 to $7.00 and set a "market perform" rating for the company in a report on Tuesday, April 8th. Compass Point decreased their price target on TriplePoint Venture Growth BDC from $8.00 to $7.25 and set a "neutral" rating for the company in a research note on Tuesday, March 18th. Piper Sandler lowered their price objective on TriplePoint Venture Growth BDC from $8.00 to $7.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, Wells Fargo & Company lowered TriplePoint Venture Growth BDC from an "equal weight" rating to an "underweight" rating and reduced their target price for the stock from $7.50 to $6.50 in a report on Monday, March 17th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $7.15.

TriplePoint Venture Growth BDC Stock Up 4.0 %

NYSE TPVG traded up $0.24 during trading on Tuesday, hitting $6.22. The company's stock had a trading volume of 148,023 shares, compared to its average volume of 383,114. TriplePoint Venture Growth BDC Corp. has a 52 week low of $5.53 and a 52 week high of $9.73. The firm has a market cap of $249.65 million, a P/E ratio of 29.60 and a beta of 1.65. The firm has a 50 day moving average price of $7.26 and a 200 day moving average price of $7.39.

TriplePoint Venture Growth BDC (NYSE:TPVG - Get Free Report) last issued 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). TriplePoint Venture Growth BDC had a net margin of 9.01% and a return on equity of 16.86%. The company had revenue of $25.75 million during the quarter, compared to the consensus estimate of $26.68 million. On average, equities analysts expect that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current year.

TriplePoint Venture Growth BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.30 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 19.29%. TriplePoint Venture Growth BDC's dividend payout ratio is currently 146.34%.

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.