Samalin Investment Counsel LLC Trims Stock Position in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG)

Samalin Investment Counsel LLC decreased its position in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) by 9.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 70,542 shares of the investment management company’s stock after selling 7,696 shares during the period. Samalin Investment Counsel LLC’s holdings in TriplePoint Venture Growth BDC were worth $521,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its holdings in 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 worth $74,000 after acquiring an additional 2,000 shares in the last quarter. Diversify Wealth Management LLC boosted its stake in shares of TriplePoint Venture Growth BDC by 53.4% during the fourth quarter. Diversify Wealth Management LLC now owns 18,830 shares of the investment management company’s stock valued at $142,000 after purchasing an additional 6,553 shares in the last quarter. McIlrath & Eck LLC purchased a new position in TriplePoint Venture Growth BDC during the third quarter valued at approximately $51,000. Kovack Advisors Inc. raised its stake in TriplePoint Venture Growth BDC by 20.8% in the fourth quarter. Kovack Advisors Inc. now owns 44,819 shares of the investment management company’s stock worth $331,000 after buying an additional 7,719 shares in the last quarter. Finally, Townsquare Capital LLC lifted its holdings in TriplePoint Venture Growth BDC by 12.3% during the third quarter. Townsquare Capital LLC now owns 75,845 shares of the investment management company’s stock worth $535,000 after buying an additional 8,311 shares during the period. Institutional investors own 12.77% of the company’s stock.

Analysts Set New Price Targets

TPVG has been the topic of a number of analyst reports. Compass Point cut their price target on TriplePoint Venture Growth BDC from $8.00 to $7.25 and set a “neutral” rating on the stock in a report on Tuesday, March 18th. Wells Fargo & Company downgraded TriplePoint Venture Growth BDC from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $7.50 to $6.50 in a research report on Monday, March 17th. Finally, Piper Sandler boosted their target price on shares of TriplePoint Venture Growth BDC from $7.50 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, March 6th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat.com, TriplePoint Venture Growth BDC presently has a consensus rating of “Hold” and an average price target of $7.45.

TriplePoint Venture Growth BDC Price Performance

Shares of TPVG stock opened at $7.19 on Monday. The stock’s fifty day moving average price is $7.72 and its 200 day moving average price is $7.49. TriplePoint Venture Growth BDC Corp. has a 1-year low of $6.44 and a 1-year high of $9.73. The company has a market cap of $288.75 million, a price-to-earnings ratio of 34.26 and a beta of 1.90.

TriplePoint Venture Growth BDC (NYSE:TPVG) 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 return on equity of 16.86% and a net margin of 9.01%. The business had revenue of $25.75 million for the quarter, compared to analysts’ expectations of $26.68 million. As a group, equities research analysts anticipate that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current year.

TriplePoint Venture Growth BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, March 17th. This represents a $1.20 annualized dividend and a dividend yield of 16.68%. TriplePoint Venture Growth BDC’s payout ratio is currently 146.34%.

About TriplePoint Venture Growth BDC

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.