XTX Topco Ltd Purchases Shares of 16,653 TriplePoint Venture Growth BDC Corp. (NYSE:TPVG)

XTX Topco Ltd acquired a new position in shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 16,653 shares of the investment management company’s stock, valued at approximately $118,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Van ECK Associates Corp lifted its stake in TriplePoint Venture Growth BDC by 16.4% during the second quarter. Van ECK Associates Corp now owns 846,716 shares of the investment management company’s stock worth $6,799,000 after purchasing an additional 119,184 shares during the last quarter. Millennium Management LLC raised its holdings in TriplePoint Venture Growth BDC by 169.5% during the second quarter. Millennium Management LLC now owns 432,206 shares of the investment management company’s stock worth $3,471,000 after purchasing an additional 271,824 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of TriplePoint Venture Growth BDC during the 2nd quarter worth approximately $1,486,000. International Assets Investment Management LLC boosted its holdings in shares of TriplePoint Venture Growth BDC by 435.6% in the 3rd quarter. International Assets Investment Management LLC now owns 107,630 shares of the investment management company’s stock valued at $760,000 after buying an additional 87,535 shares in the last quarter. Finally, Jane Street Group LLC grew its position in shares of TriplePoint Venture Growth BDC by 712.4% in the 3rd quarter. Jane Street Group LLC now owns 104,997 shares of the investment management company’s stock valued at $741,000 after buying an additional 92,072 shares during the last quarter. 12.77% of the stock is owned by institutional investors and hedge funds.

TriplePoint Venture Growth BDC Trading Up 6.2 %

TriplePoint Venture Growth BDC stock opened at $7.22 on Friday. The stock has a market capitalization of $289.15 million, a price-to-earnings ratio of 34.38 and a beta of 1.87. The stock has a 50 day moving average of $7.49 and a two-hundred day moving average of $7.75. TriplePoint Venture Growth BDC Corp. has a twelve month low of $6.44 and a twelve month high of $11.58.

TriplePoint Venture Growth BDC (NYSE:TPVG) last posted its quarterly earnings data on Wednesday, November 6th. The investment management company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The firm had revenue of $26.52 million for the quarter, compared to analyst estimates 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 period last year, the firm posted $0.54 EPS. Equities analysts predict that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current year.

TriplePoint Venture Growth BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 16.62%. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is 571.43%.

Analyst Upgrades and Downgrades

TPVG has been the subject of a number of research reports. Compass Point boosted their price target on shares of TriplePoint Venture Growth BDC from $7.50 to $8.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Keefe, Bruyette & Woods raised TriplePoint Venture Growth BDC from an “underperform” rating to a “market perform” rating and reduced their target price for the company from $8.00 to $7.50 in a report on Thursday, November 7th. StockNews.com upgraded TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research note on Friday, November 15th. Wells Fargo & Company lifted 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. Finally, Piper Sandler decreased their price objective on TriplePoint Venture Growth BDC from $8.00 to $7.50 and set a “neutral” rating for the company in a report on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $7.70.

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.