Kovack Advisors Inc. Sells 21,221 Shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG)

Kovack Advisors Inc. cut its stake in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) by 39.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,088 shares of the investment management company’s stock after selling 21,221 shares during the quarter. Kovack Advisors Inc. owned about 0.09% of TriplePoint Venture Growth BDC worth $359,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC raised its holdings in shares of TriplePoint Venture Growth BDC by 1,066.7% in the fourth quarter. International Assets Investment Management LLC now owns 1,265,136 shares of the investment management company’s stock worth $13,739,000 after buying an additional 1,156,701 shares during the period. Virtus ETF Advisers LLC increased its stake in TriplePoint Venture Growth BDC by 100.7% in the 3rd quarter. Virtus ETF Advisers LLC now owns 81,440 shares of the investment management company’s stock worth $852,000 after buying an additional 40,855 shares during the period. Van ECK Associates Corp lifted its holdings in TriplePoint Venture Growth BDC by 6.7% during the 3rd quarter. Van ECK Associates Corp now owns 587,606 shares of the investment management company’s stock valued at $6,147,000 after buying an additional 36,675 shares in the last quarter. Sigma Planning Corp grew its stake in TriplePoint Venture Growth BDC by 27.3% in the 3rd quarter. Sigma Planning Corp now owns 76,661 shares of the investment management company’s stock worth $802,000 after acquiring an additional 16,451 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC bought a new stake in shares of TriplePoint Venture Growth BDC during the third quarter valued at approximately $139,000. 12.77% of the stock is owned by hedge funds and other institutional investors.

TriplePoint Venture Growth BDC Trading Down 0.6 %

TriplePoint Venture Growth BDC stock opened at $9.49 on Tuesday. The stock has a 50-day moving average of $9.70 and a two-hundred day moving average of $10.28. TriplePoint Venture Growth BDC Corp. has a one year low of $8.88 and a one year high of $12.70.

TriplePoint Venture Growth BDC (NYSE:TPVG) last announced its quarterly earnings data on Wednesday, March 6th. The investment management company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.02). The company had revenue of $32.97 million during the quarter, compared to analysts’ expectations of $33.38 million. TriplePoint Venture Growth BDC had a negative net margin of 28.96% and a positive return on equity of 19.50%. As a group, sell-side analysts forecast that TriplePoint Venture Growth BDC Corp. will post 1.69 earnings per share for the current year.

TriplePoint Venture Growth BDC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 14th were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.60 dividend on an annualized basis and a yield of 16.86%. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is -145.45%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TPVG shares. JMP Securities reissued a “market perform” rating on shares of TriplePoint Venture Growth BDC in a research report on Thursday, March 7th. StockNews.com lowered shares of TriplePoint Venture Growth BDC from a “hold” rating to a “sell” rating in a report on Thursday, March 7th. Compass Point upgraded shares of TriplePoint Venture Growth BDC from a “sell” rating to a “neutral” rating and set a $8.75 price objective on the stock in a research note on Friday, March 22nd. Wells Fargo & Company reduced their price objective on shares of TriplePoint Venture Growth BDC from $11.00 to $9.50 and set an “equal weight” rating for the company in a research note on Thursday, March 7th. Finally, Keefe, Bruyette & Woods cut their price target on TriplePoint Venture Growth BDC from $9.50 to $9.00 and set an “underperform” rating on the stock in a report on Thursday, March 7th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $10.38.

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.