Aquatic Capital Management LLC Acquires New Position in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG)

Aquatic Capital Management LLC bought a new position in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 51,894 shares of the investment management company’s stock, valued at approximately $383,000.

Other institutional investors also recently modified their holdings of the company. Jane Street Group LLC raised its holdings in shares of TriplePoint Venture Growth BDC by 712.4% during the third quarter. Jane Street Group LLC now owns 104,997 shares of the investment management company’s stock worth $741,000 after acquiring an additional 92,072 shares in the last quarter. Alpine Global Management LLC purchased a new stake in shares of TriplePoint Venture Growth BDC during the 4th quarter worth about $477,000. Trexquant Investment LP lifted its holdings in shares of TriplePoint Venture Growth BDC by 35.5% during the 4th quarter. Trexquant Investment LP now owns 227,039 shares of the investment management company’s stock valued at $1,676,000 after buying an additional 59,462 shares during the last quarter. Marshall Wace LLP grew its stake in shares of TriplePoint Venture Growth BDC by 12.7% in the 4th quarter. Marshall Wace LLP now owns 364,591 shares of the investment management company’s stock valued at $2,691,000 after buying an additional 40,952 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in TriplePoint Venture Growth BDC in the fourth quarter worth approximately $267,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on TPVG shares. Piper Sandler decreased their target price on shares of 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 lowered their target price on shares of 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. 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 research report on Thursday, April 17th. Wells Fargo & Company lowered their price objective on TriplePoint Venture Growth BDC from $6.50 to $5.50 and set an “underweight” rating on the stock in a report on Monday, April 28th. Finally, Keefe, Bruyette & Woods reduced their target price on TriplePoint Venture Growth BDC from $7.50 to $7.00 and set a “market perform” rating for the company in a report on Tuesday, April 8th. One investment 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 currently has an average rating of “Hold” and an average target price of $6.79.

TriplePoint Venture Growth BDC Trading Up 1.1 %

TPVG opened at $6.08 on Friday. The business has a 50 day moving average of $6.74 and a 200-day moving average of $7.31. The stock has a market capitalization of $243.83 million, a price-to-earnings ratio of 28.93 and a beta of 1.65. TriplePoint Venture Growth BDC Corp. has a 1-year low of $5.53 and a 1-year high of $9.70.

TriplePoint Venture Growth BDC (NYSE:TPVG) last posted 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). The company had revenue of $25.75 million during 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%. Equities analysts predict that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current year.

TriplePoint Venture Growth BDC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.30 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.20 annualized dividend and a yield of 19.75%. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is 146.34%.

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.