1 week Ago By ABMN Staff
Commonwealth Equity Services LLC reduced its holdings in shares of TriplePoint Venture Growth BDC Corp. ( NYSE:TPVG – Free Report ) by 10.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission.
The institutional investor owned 16,679 shares of the investment management company’s stock after selling 1,905 shares during the quarter. Commonwealth Equity Services LLC’s holdings in TriplePoint Venture Growth BDC were worth $123,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors also recently made changes to their positions in TPVG.
EverSource Wealth Advisors LLC grew its position in TriplePoint Venture Growth BDC by 25.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 10,000 shares of the investment management company’s stock valued at $74,000 after purchasing an additional 2,000 shares in the last quarter.
Raymond James Financial Inc. bought a new stake in TriplePoint Venture Growth BDC during the 4th quarter worth about $267,000. Norden Group LLC boosted its stake in shares of TriplePoint Venture Growth BDC by 47.
2% during the 4th quarter. Norden Group LLC now owns 25,998 shares of the investment management company’s stock worth $192,000 after buying an additional 8,338 shares during the last quarter. Kovack Advisors Inc.
grew its holdings in shares of TriplePoint Venture Growth BDC by 20.8% in the 4th quarter. Kovack Advisors Inc.
now owns 44,819 shares of the investment management company’s stock valued at $331,000 after acquiring an additional 7,719 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of TriplePoint Venture Growth BDC in the fourth quarter valued at about $120,000. 12.
77% of the stock is currently owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades Several research analysts recently commented on TPVG shares. Compass Point reduced 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 report on Tuesday, March 18th. Piper Sandler cut their price objective on TriplePoint Venture Growth BDC from $8.
00 to $7.00 and set a “neutral” rating for the company in a report on Tuesday. Wells Fargo & Company downgraded shares of TriplePoint Venture Growth BDC from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $7.
50 to $6.50 in a report on Monday, March 17th. Finally, 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 report on Tuesday. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company.
According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $7.15. TriplePoint Venture Growth BDC Stock Down 3.
9 % TPVG opened at $5.97 on Friday. TriplePoint Venture Growth BDC Corp.
has a 12-month low of $5.53 and a 12-month high of $9.73.
The business has a 50 day moving average of $7.33 and a 200-day moving average of $7.40.
The stock has a market cap of $239.62 million, a price-to-earnings ratio of 28.43 and a beta of 1.
65. TriplePoint Venture Growth BDC ( NYSE:TPVG – Get Free Report ) last announced its quarterly earnings results on Wednesday, March 5th. The investment management company reported $0.
32 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $25.75 million for the quarter, compared to analyst estimates of $26.68 million.
As a group, 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 business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.30 per share.
This represents a $1.20 annualized dividend and a dividend yield of 20.10%.
The ex-dividend date of this dividend was Monday, March 17th. TriplePoint Venture Growth BDC’s payout ratio is 146.34%.
TriplePoint Venture Growth BDC Profile ( Free Report ) 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.
Featured Articles Want to see what other hedge funds are holding TPVG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TriplePoint Venture Growth BDC Corp. ( NYSE:TPVG – Free Report ).
Receive News & Ratings for TriplePoint Venture Growth BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TriplePoint Venture Growth BDC and related companies with MarketBeat.com's FREE daily email newsletter ..
