Strategic Financial Concepts LLC Takes Position in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG)

Strategic Financial Concepts LLC purchased a new position in shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 16,236 shares of the investment management company’s stock, valued at approximately $120,000.

Several other large investors also recently bought and sold shares of the business. International Assets Investment Management LLC grew its holdings in TriplePoint Venture Growth BDC by 435.6% in the 3rd quarter. International Assets Investment Management LLC now owns 107,630 shares of the investment management company’s stock valued at $760,000 after buying an additional 87,535 shares in the last quarter. Diversify Advisory Services LLC grew its holdings in shares of TriplePoint Venture Growth BDC by 31.2% in the third quarter. Diversify Advisory Services LLC now owns 14,191 shares of the investment management company’s stock valued at $94,000 after purchasing an additional 3,378 shares during the period. Diversify Wealth Management LLC purchased a new stake in shares of TriplePoint Venture Growth BDC in the third quarter valued at about $82,000. Aigen Investment Management LP acquired a new stake in TriplePoint Venture Growth BDC during the third quarter worth about $138,000. Finally, Kovack Advisors Inc. raised its stake in TriplePoint Venture Growth BDC by 7.8% during the third quarter. Kovack Advisors Inc. now owns 37,100 shares of the investment management company’s stock worth $262,000 after purchasing an additional 2,700 shares during the period. Hedge funds and other institutional investors own 12.77% of the company’s stock.

Analysts Set New Price Targets

TPVG has been the subject of a number of recent analyst reports. Compass Point raised their price target on shares of TriplePoint Venture Growth BDC from $7.50 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Wells Fargo & Company raised their target price on TriplePoint Venture Growth BDC from $6.50 to $7.50 and gave the stock an “equal weight” rating in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods raised TriplePoint Venture Growth BDC from an “underperform” rating to a “market perform” rating and decreased their price target for the company from $8.00 to $7.50 in a research note on Thursday, November 7th. Piper Sandler cut their price objective on TriplePoint Venture Growth BDC from $8.00 to $7.50 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Finally, StockNews.com raised shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Seven analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.70.

TriplePoint Venture Growth BDC Price Performance

TPVG opened at $7.73 on Thursday. The firm has a market cap of $309.59 million, a P/E ratio of 36.81 and a beta of 1.88. TriplePoint Venture Growth BDC Corp. has a 52 week low of $6.44 and a 52 week high of $11.17. The business has a fifty day simple moving average of $7.67 and a 200-day simple moving average of $7.50.

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.