Aigen Investment Management LP Makes New $138,000 Investment in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG)

Aigen Investment Management LP purchased a new position in shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,516 shares of the investment management company’s stock, valued at approximately $138,000.

Several other large investors have also made changes to their positions in TPVG. Quarry LP purchased a new position in TriplePoint Venture Growth BDC in the second quarter valued at about $35,000. EverSource Wealth Advisors LLC acquired a new stake in shares of TriplePoint Venture Growth BDC during the second quarter valued at about $62,000. Diversify Wealth Management LLC acquired a new stake in shares of TriplePoint Venture Growth BDC during the third quarter valued at about $82,000. Diversify Advisory Services LLC grew its stake in shares of TriplePoint Venture Growth BDC by 31.2% during the third quarter. Diversify Advisory Services LLC now owns 14,191 shares of the investment management company’s stock valued at $94,000 after acquiring an additional 3,378 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC grew its stake in shares of TriplePoint Venture Growth BDC by 19.4% during 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 acquiring an additional 3,100 shares in the last quarter. 12.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TPVG. StockNews.com upgraded TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research note on Friday. LADENBURG THALM/SH SH downgraded TriplePoint Venture Growth BDC from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $8.50 to $8.00 in a research note on Friday, August 9th. Keefe, Bruyette & Woods upgraded TriplePoint Venture Growth BDC from an “underperform” rating to a “market perform” rating and decreased their price target for the stock from $8.00 to $7.50 in a research note on Thursday, November 7th. Wells Fargo & Company decreased their price target on TriplePoint Venture Growth BDC from $8.00 to $6.50 and set an “underweight” rating for the company in a research note on Tuesday, October 29th. Finally, Piper Sandler decreased their price target on TriplePoint Venture Growth BDC from $8.00 to $7.50 and set a “neutral” rating for the company in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $7.65.

TriplePoint Venture Growth BDC Stock Up 0.1 %

Shares of TPVG stock opened at $7.90 on Monday. The business has a 50 day moving average of $7.04 and a two-hundred day moving average of $7.99. The company has a market cap of $316.40 million, a P/E ratio of 37.62 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 released its quarterly earnings results 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 company had revenue of $26.52 million for the quarter, compared to analysts’ expectations of $25.65 million. TriplePoint Venture Growth BDC had a return on equity of 16.86% and a net margin of 9.01%. During the same quarter in the previous year, the company posted $0.54 earnings per share. Analysts expect that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current fiscal year.

TriplePoint Venture Growth BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, December 13th. This represents a $1.20 annualized dividend and a yield of 15.19%. TriplePoint Venture Growth BDC’s payout ratio is 571.46%.

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.