TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) Shares Sold by Sigma Planning Corp

Sigma Planning Corp lessened its holdings in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) by 51.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,440 shares of the investment management company’s stock after selling 39,221 shares during the quarter. Sigma Planning Corp owned approximately 0.10% of TriplePoint Venture Growth BDC worth $407,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Commonwealth Equity Services LLC grew its position in TriplePoint Venture Growth BDC by 4.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 31,740 shares of the investment management company’s stock valued at $332,000 after buying an additional 1,264 shares in the last quarter. All Season Financial Advisors Inc. grew its position in TriplePoint Venture Growth BDC by 5.9% in the 3rd quarter. All Season Financial Advisors Inc. now owns 34,292 shares of the investment management company’s stock valued at $359,000 after buying an additional 1,916 shares in the last quarter. Raymond James & Associates grew its position in TriplePoint Venture Growth BDC by 30.1% in the 3rd quarter. Raymond James & Associates now owns 28,761 shares of the investment management company’s stock valued at $301,000 after buying an additional 6,660 shares in the last quarter. Portside Wealth Group LLC grew its position in TriplePoint Venture Growth BDC by 10.7% in the 3rd quarter. Portside Wealth Group LLC now owns 11,675 shares of the investment management company’s stock valued at $121,000 after buying an additional 1,125 shares in the last quarter. Finally, Golden Green Inc. lifted its holdings in TriplePoint Venture Growth BDC by 2.1% in the 3rd quarter. Golden Green Inc. now owns 143,506 shares of the investment management company’s stock valued at $1,501,000 after acquiring an additional 2,971 shares during the last quarter. Institutional investors own 12.77% of the company’s stock.

TriplePoint Venture Growth BDC Stock Up 1.6 %

TPVG stock opened at $9.55 on Friday. TriplePoint Venture Growth BDC Corp. has a one year low of $8.88 and a one year high of $12.70. The firm has a 50-day moving average of $9.73 and a two-hundred day moving average of $10.28.

TriplePoint Venture Growth BDC (NYSE:TPVG) last posted its quarterly earnings results on Wednesday, March 6th. The investment management company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 positive return on equity of 19.50% and a negative net margin of 28.96%. As a group, equities research analysts predict that TriplePoint Venture Growth BDC Corp. will post 1.69 earnings per share for the current fiscal year.

TriplePoint Venture Growth BDC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, March 14th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 16.75%. The ex-dividend date of this dividend was Wednesday, March 13th. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is -145.45%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TPVG shares. Wells Fargo & Company cut their price target on shares of TriplePoint Venture Growth BDC from $11.00 to $9.50 and set an “equal weight” rating for the company in a report on Thursday, March 7th. Keefe, Bruyette & Woods cut their price target on shares of TriplePoint Venture Growth BDC from $9.50 to $9.00 and set an “underperform” rating for the company in a report on Thursday, March 7th. StockNews.com downgraded shares of TriplePoint Venture Growth BDC from a “hold” rating to a “sell” rating in a report on Thursday, March 7th. Piper Sandler cut their price target on shares of TriplePoint Venture Growth BDC from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Thursday, March 7th. Finally, Compass Point raised shares of TriplePoint Venture Growth BDC from a “sell” rating to a “neutral” rating and set a $8.75 price target for the company in a report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $10.38.

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.