International Assets Investment Management LLC Grows Stock Position in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG)

International Assets Investment Management LLC grew its position in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) by 435.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 107,630 shares of the investment management company’s stock after acquiring an additional 87,535 shares during the quarter. International Assets Investment Management LLC’s holdings in TriplePoint Venture Growth BDC were worth $760,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TPVG. Norden Group LLC lifted its position in shares of TriplePoint Venture Growth BDC by 20.0% in the first quarter. Norden Group LLC now owns 17,860 shares of the investment management company’s stock valued at $169,000 after acquiring an additional 2,972 shares in the last quarter. Paloma Partners Management Co acquired a new stake in shares of TriplePoint Venture Growth BDC in the first quarter valued at approximately $184,000. B. Riley Wealth Advisors Inc. increased its holdings in shares of TriplePoint Venture Growth BDC by 10.2% in the first quarter. B. Riley Wealth Advisors Inc. now owns 48,852 shares of the investment management company’s stock valued at $511,000 after purchasing an additional 4,512 shares during the last quarter. U.S. Capital Wealth Advisors LLC increased its holdings in shares of TriplePoint Venture Growth BDC by 19.4% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 19,064 shares of the investment management company’s stock valued at $153,000 after purchasing an additional 3,100 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of TriplePoint Venture Growth BDC by 4.5% in the second quarter. Commonwealth Equity Services LLC now owns 31,132 shares of the investment management company’s stock valued at $250,000 after purchasing an additional 1,346 shares during the last quarter. Hedge funds and other institutional investors own 12.77% of the company’s stock.

Insiders Place Their Bets

In other news, President Sajal Srivastava acquired 11,298 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was acquired at an average cost of $7.02 per share, with a total value of $79,311.96. Following the completion of the purchase, the president now owns 250,858 shares of the company’s stock, valued at $1,761,023.16. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 1.40% of the stock is owned by insiders.

TriplePoint Venture Growth BDC Stock Up 0.3 %

TPVG stock opened at $6.52 on Wednesday. The business has a fifty day moving average of $7.00 and a two-hundred day moving average of $8.08. The stock has a market cap of $260.47 million, a price-to-earnings ratio of -21.73 and a beta of 1.80. TriplePoint Venture Growth BDC Corp. has a 52-week low of $6.44 and a 52-week high of $11.58.

TriplePoint Venture Growth BDC (NYSE:TPVG) last posted its earnings results on Wednesday, August 7th. The investment management company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.10). The business had revenue of $27.11 million for the quarter, compared to analyst estimates of $28.77 million. TriplePoint Venture Growth BDC had a positive return on equity of 18.24% and a negative net margin of 8.03%. During the same period last year, the business earned $0.53 EPS. As a group, sell-side analysts anticipate that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TPVG shares. Wells Fargo & Company cut their price target on TriplePoint Venture Growth BDC from $8.00 to $6.50 and set an “underweight” rating for the company in a report on Tuesday, October 29th. Keefe, Bruyette & Woods cut their price target on TriplePoint Venture Growth BDC from $9.00 to $8.00 and set an “underperform” rating for the company in a report on Friday, August 9th. Piper Sandler cut their price target on TriplePoint Venture Growth BDC from $9.50 to $8.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Finally, LADENBURG THALM/SH SH cut TriplePoint Venture Growth BDC from a “buy” rating to a “neutral” rating and cut their price target for the company from $8.50 to $8.00 in a report on Friday, August 9th. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $7.85.

TriplePoint Venture Growth BDC Company 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.