International Assets Investment Management LLC Raises Holdings in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG)

International Assets Investment Management LLC grew its stake in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG - Free Report) by 435.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 107,630 shares of the investment management company's stock after acquiring an additional 87,535 shares during the period. International Assets Investment Management LLC owned about 0.27% of TriplePoint Venture Growth BDC worth $760,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in TPVG. Quarry LP purchased a new position in TriplePoint Venture Growth BDC in the second quarter valued at $35,000. EverSource Wealth Advisors LLC acquired a new position in shares of TriplePoint Venture Growth BDC during the second quarter worth about $62,000. Norden Group LLC increased its stake in shares of TriplePoint Venture Growth BDC by 20.0% during the first quarter. Norden Group LLC now owns 17,860 shares of the investment management company's stock worth $169,000 after buying an additional 2,972 shares during the period. U.S. Capital Wealth Advisors LLC raised its holdings in TriplePoint Venture Growth BDC by 19.4% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 19,064 shares of the investment management company's stock valued at $153,000 after acquiring an additional 3,100 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new stake in TriplePoint Venture Growth BDC in the first quarter valued at approximately $184,000. 12.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TriplePoint Venture Growth BDC

In related news, President Sajal Srivastava purchased 11,298 shares of the company's stock in a transaction on Monday, August 12th. The stock was bought at an average price of $7.02 per share, with a total value of $79,311.96. Following the completion of the transaction, the president now owns 250,858 shares of the company's stock, valued at approximately $1,761,023.16. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is owned by corporate insiders.

TriplePoint Venture Growth BDC Price Performance

Shares of TPVG traded up $0.30 during mid-day trading on Wednesday, reaching $6.82. 386,352 shares of the company's stock were exchanged, compared to its average volume of 358,210. The stock has a market capitalization of $272.46 million, a PE ratio of -22.73 and a beta of 1.80. The business's fifty day simple moving average is $6.99 and its 200-day simple moving average is $8.07. TriplePoint Venture Growth BDC Corp. has a 52-week low of $6.44 and a 52-week high of $11.58.

TriplePoint Venture Growth BDC (NYSE:TPVG - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The investment management company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.10). The firm had revenue of $27.11 million for the quarter, compared to analysts' expectations of $28.77 million. TriplePoint Venture Growth BDC had a positive return on equity of 18.24% and a negative net margin of 8.03%. During the same period last year, the firm earned $0.53 EPS. Equities research analysts predict that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on TPVG. Piper Sandler dropped their price objective on shares of TriplePoint Venture Growth BDC from $9.50 to $8.00 and set a "neutral" rating on the stock in a research report on Thursday, August 8th. Keefe, Bruyette & Woods cut their price target on TriplePoint Venture Growth BDC from $9.00 to $8.00 and set an "underperform" rating on the stock in a research note on Friday, August 9th. LADENBURG THALM/SH SH downgraded TriplePoint Venture Growth BDC from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $8.50 to $8.00 in a report on Friday, August 9th. Finally, Wells Fargo & Company dropped their price objective on TriplePoint Venture Growth BDC from $8.00 to $6.50 and set an "underweight" rating on the stock in a report on Tuesday, October 29th. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $7.85.

TriplePoint Venture Growth BDC Company 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.