TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) Stock Holdings Lifted by Marshall Wace LLP

Marshall Wace LLP lifted its position in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) by 12.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 364,591 shares of the investment management company’s stock after acquiring an additional 40,952 shares during the quarter. Marshall Wace LLP owned approximately 0.91% of TriplePoint Venture Growth BDC worth $2,691,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TPVG. Jane Street Group LLC lifted its holdings in shares of TriplePoint Venture Growth BDC by 712.4% in the third quarter. Jane Street Group LLC now owns 104,997 shares of the investment management company’s stock valued at $741,000 after purchasing an additional 92,072 shares in the last quarter. Trexquant Investment LP lifted its stake in TriplePoint Venture Growth BDC by 35.5% in the 4th quarter. Trexquant Investment LP now owns 227,039 shares of the investment management company’s stock worth $1,676,000 after acquiring an additional 59,462 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in TriplePoint Venture Growth BDC during the 4th quarter worth about $267,000. JPMorgan Chase & Co. grew its stake in TriplePoint Venture Growth BDC by 1,475.7% during the 4th quarter. JPMorgan Chase & Co. now owns 36,241 shares of the investment management company’s stock valued at $267,000 after acquiring an additional 33,941 shares in the last quarter. Finally, ExodusPoint Capital Management LP acquired a new position in shares of TriplePoint Venture Growth BDC in the 4th quarter valued at about $219,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TPVG. Wells Fargo & Company downgraded shares of TriplePoint Venture Growth BDC from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $7.50 to $6.50 in a research report on Monday, March 17th. Keefe, Bruyette & Woods dropped their price target on shares of TriplePoint Venture Growth BDC from $7.50 to $7.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 8th. Piper Sandler reduced their price objective on TriplePoint Venture Growth BDC from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Compass Point dropped their target price on TriplePoint Venture Growth BDC from $8.00 to $7.25 and set a “neutral” rating on the stock in a research report on Tuesday, March 18th. Finally, UBS Group reduced their price target on TriplePoint Venture Growth BDC from $7.50 to $6.00 and set a “neutral” rating for the company in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat.com, TriplePoint Venture Growth BDC has a consensus rating of “Hold” and a consensus price target of $6.96.

TriplePoint Venture Growth BDC Trading Up 0.4 %

Shares of TriplePoint Venture Growth BDC stock opened at $6.20 on Friday. TriplePoint Venture Growth BDC Corp. has a 1-year low of $5.53 and a 1-year high of $9.70. The firm has a fifty day simple moving average of $6.93 and a 200-day simple moving average of $7.34. The stock has a market capitalization of $249.01 million, a price-to-earnings ratio of 29.54 and a beta of 1.65.

TriplePoint Venture Growth BDC (NYSE:TPVG) last released its 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 firm had revenue of $25.75 million for 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%. As a group, research analysts predict that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current year.

TriplePoint Venture Growth BDC Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 19.34%. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is presently 146.34%.

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.