PVG Asset Management Corp Increases Position in TriplePoint Venture Growth BDC Corp (TPVG)

PVG Asset Management Corp boosted its position in shares of TriplePoint Venture Growth BDC Corp (NYSE:TPVG) by 3.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 107,548 shares of the investment management company’s stock after buying an additional 3,880 shares during the period. PVG Asset Management Corp owned approximately 0.61% of TriplePoint Venture Growth BDC worth $1,679,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Advisory Services Network LLC raised its position in TriplePoint Venture Growth BDC by 3,082.2% during the second quarter. Advisory Services Network LLC now owns 8,751 shares of the investment management company’s stock valued at $116,000 after purchasing an additional 8,476 shares during the period. Susquehanna International Group LLP raised its position in TriplePoint Venture Growth BDC by 206.2% during the second quarter. Susquehanna International Group LLP now owns 15,717 shares of the investment management company’s stock valued at $209,000 after purchasing an additional 30,510 shares during the period. GSA Capital Partners LLP raised its position in TriplePoint Venture Growth BDC by 35.0% during the second quarter. GSA Capital Partners LLP now owns 15,800 shares of the investment management company’s stock valued at $210,000 after purchasing an additional 4,100 shares during the period. JPMorgan Chase & Co. raised its position in TriplePoint Venture Growth BDC by 1,418.6% during the second quarter. JPMorgan Chase & Co. now owns 18,238 shares of the investment management company’s stock valued at $242,000 after purchasing an additional 17,037 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in TriplePoint Venture Growth BDC during the second quarter valued at approximately $354,000. 33.79% of the stock is owned by institutional investors.

Shares of TriplePoint Venture Growth BDC Corp (TPVG) traded down $0.14 during midday trading on Tuesday, hitting $13.39. The stock had a trading volume of 70,800 shares, compared to its average volume of 100,721. TriplePoint Venture Growth BDC Corp has a 12-month low of $11.66 and a 12-month high of $14.41. The stock has a market capitalization of $239.63, a P/E ratio of 8.35, a price-to-earnings-growth ratio of 0.82 and a beta of 1.31.

TriplePoint Venture Growth BDC (NYSE:TPVG) last issued its quarterly earnings results on Monday, November 6th. The investment management company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.01). TriplePoint Venture Growth BDC had a return on equity of 12.05% and a net margin of 43.72%. The business had revenue of $10.42 million during the quarter, compared to analysts’ expectations of $11.22 million. research analysts expect that TriplePoint Venture Growth BDC Corp will post 1.64 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 17th were issued a $0.36 dividend. The ex-dividend date was Thursday, November 16th. This represents a $1.44 annualized dividend and a dividend yield of 10.75%. TriplePoint Venture Growth BDC’s payout ratio is 102.13%.

In other TriplePoint Venture Growth BDC news, CFO Andrew Olson purchased 7,386 shares of TriplePoint Venture Growth BDC stock in a transaction dated Wednesday, October 25th. The shares were purchased at an average cost of $13.65 per share, for a total transaction of $100,818.90. Following the completion of the acquisition, the chief financial officer now owns 7,386 shares in the company, valued at approximately $100,818.90. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO James Labe purchased 22,156 shares of TriplePoint Venture Growth BDC stock in a transaction dated Wednesday, October 25th. The stock was acquired at an average price of $13.65 per share, for a total transaction of $302,429.40. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 73,855 shares of company stock worth $1,008,121. Company insiders own 1.31% of the company’s stock.

A number of equities research analysts have issued reports on TPVG shares. Compass Point upgraded TriplePoint Venture Growth BDC from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 28th. ValuEngine downgraded TriplePoint Venture Growth BDC from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 16th. Zacks Investment Research downgraded TriplePoint Venture Growth BDC from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Finally, Ladenburg Thalmann Financial Services initiated coverage on TriplePoint Venture Growth BDC in a research report on Tuesday. They set a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. TriplePoint Venture Growth BDC currently has an average rating of “Hold” and a consensus price target of $14.00.

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TriplePoint Venture Growth BDC Profile

TriplePoint Venture Growth BDC Corp. is a closed-end, non-diversified management investment company. The Company’s investment objective is to maximize its total return to stockholders primarily in the form of current income and, to a lesser extent, capital appreciation by primarily lending with warrants to venture growth stage companies focused in technology, life sciences and other high growth industries, which are backed by TriplePoint Capital LLC’s (TPC) select group of venture capital investors.

Institutional Ownership by Quarter for TriplePoint Venture Growth BDC (NYSE:TPVG)

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