Van ECK Associates Corp Has $7.19 Million Stock Holdings in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG)

Van ECK Associates Corp boosted its position in shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) by 12.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 661,530 shares of the investment management company’s stock after purchasing an additional 73,924 shares during the quarter. Van ECK Associates Corp’s holdings in TriplePoint Venture Growth BDC were worth $7,185,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TPVG. International Assets Investment Management LLC lifted its holdings in TriplePoint Venture Growth BDC by 1,066.7% during the 4th 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 in the last quarter. Virtus ETF Advisers LLC raised its position in shares of TriplePoint Venture Growth BDC by 100.7% during the 3rd quarter. Virtus ETF Advisers LLC now owns 81,440 shares of the investment management company’s stock valued at $852,000 after acquiring an additional 40,855 shares during the last quarter. Sigma Planning Corp raised its position in shares of TriplePoint Venture Growth BDC by 27.3% during the 3rd quarter. Sigma Planning Corp now owns 76,661 shares of the investment management company’s stock valued at $802,000 after acquiring an additional 16,451 shares during the last quarter. Prime Capital Investment Advisors LLC bought a new stake in shares of TriplePoint Venture Growth BDC during the 3rd quarter valued at $139,000. Finally, Dfpg Investments LLC bought a new stake in shares of TriplePoint Venture Growth BDC during the 4th quarter valued at $116,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on TPVG shares. Compass Point upgraded shares of TriplePoint Venture Growth BDC from a “sell” rating to a “neutral” rating and set a $8.75 target price for the company in a research report on Friday, March 22nd. Piper Sandler dropped their target price on shares of TriplePoint Venture Growth BDC from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Thursday, March 7th. Wells Fargo & Company dropped their target price 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 report on Thursday, March 7th. JMP Securities restated a “market perform” rating on shares of TriplePoint Venture Growth BDC in a research report on Thursday, March 7th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of TriplePoint Venture Growth BDC from $9.50 to $9.00 and set an “underperform” rating for the company in a research report on Thursday, March 7th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat.com, TriplePoint Venture Growth BDC has an average rating of “Hold” and a consensus price target of $10.38.

TriplePoint Venture Growth BDC Trading Down 1.2 %

TPVG stock opened at $9.20 on Friday. The stock has a 50-day moving average price of $9.56 and a two-hundred day moving average price of $10.25. TriplePoint Venture Growth BDC Corp. has a 1 year low of $8.88 and a 1 year high of $12.70.

TriplePoint Venture Growth BDC (NYSE:TPVG) last released its earnings results on Wednesday, May 1st. The investment management company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.03). The firm had revenue of $29.27 million for the quarter, compared to the consensus estimate of $31.25 million. TriplePoint Venture Growth BDC had a positive return on equity of 19.64% and a negative net margin of 29.68%. During the same quarter last year, the company posted $0.53 EPS. As a group, equities research analysts forecast that TriplePoint Venture Growth BDC Corp. will post 1.68 earnings per share 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, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 17.39%. The ex-dividend date is Friday, June 14th. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is presently -144.14%.

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.