TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) Shares Purchased by Diversify Wealth Management LLC

Diversify Wealth Management LLC increased its holdings in shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) by 53.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,830 shares of the investment management company’s stock after buying an additional 6,553 shares during the quarter. Diversify Wealth Management LLC’s holdings in TriplePoint Venture Growth BDC were worth $142,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in TPVG. Quarry LP acquired a new stake in shares of TriplePoint Venture Growth BDC during the 2nd quarter worth $35,000. McIlrath & Eck LLC purchased a new position in shares of TriplePoint Venture Growth BDC in the 3rd quarter worth about $51,000. EverSource Wealth Advisors LLC acquired a new position in shares of TriplePoint Venture Growth BDC in the 2nd quarter valued at about $62,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of TriplePoint Venture Growth BDC during the 3rd quarter worth about $83,000. Finally, BNP Paribas Financial Markets increased its position in 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 purchasing an additional 9,000 shares in the last quarter. 12.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TPVG has been the topic of a number of recent research reports. StockNews.com raised shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Compass Point increased their price target on 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. Keefe, Bruyette & Woods upgraded TriplePoint Venture Growth BDC from an “underperform” rating to a “market perform” rating and lowered their target price for the company from $8.00 to $7.50 in a research note on Thursday, November 7th. Finally, Wells Fargo & Company boosted their price target on TriplePoint Venture Growth BDC from $6.50 to $7.50 and gave the stock an “equal weight” rating in a research report on Tuesday, November 19th. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $7.70.

TriplePoint Venture Growth BDC Stock Performance

Shares of TPVG opened at $7.79 on Friday. TriplePoint Venture Growth BDC Corp. has a one year low of $6.44 and a one year high of $11.58. The stock has a 50-day moving average price of $7.74 and a 200 day moving average price of $7.57. The company has a market capitalization of $311.79 million, a P/E ratio of 37.07 and a beta of 1.88.

TriplePoint Venture Growth BDC (NYSE:TPVG) last released its quarterly earnings results on Wednesday, November 6th. The investment management company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $26.52 million during the quarter, compared to the consensus estimate of $25.65 million. TriplePoint Venture Growth BDC had a net margin of 9.01% and a return on equity of 16.86%. During the same quarter last year, the company earned $0.54 earnings per share. As a group, equities research analysts forecast that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current fiscal year.

TriplePoint Venture Growth BDC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.20 annualized dividend and a dividend yield of 15.41%. TriplePoint Venture Growth BDC’s payout ratio is 571.46%.

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.