Strategic Financial Concepts LLC Purchases New Shares in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG)

Strategic Financial Concepts LLC purchased a new stake in shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 16,236 shares of the investment management company’s stock, valued at approximately $120,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TPVG. McIlrath & Eck LLC acquired a new stake in TriplePoint Venture Growth BDC during the third quarter valued at $51,000. Diversify Wealth Management LLC acquired a new stake in TriplePoint Venture Growth BDC during the third quarter valued at $82,000. Dynamic Technology Lab Private Ltd acquired a new stake in TriplePoint Venture Growth BDC during the third quarter valued at $83,000. BNP Paribas Financial Markets grew its position in TriplePoint Venture Growth BDC by 214.3% during the third quarter. BNP Paribas Financial Markets now owns 13,200 shares of the investment management company’s stock valued at $93,000 after buying an additional 9,000 shares during the period. Finally, Diversify Advisory Services LLC grew its position in 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 buying an additional 3,378 shares during the period. Institutional investors and hedge funds own 12.77% of the company’s stock.

TriplePoint Venture Growth BDC Trading Down 0.2 %

NYSE:TPVG opened at $8.10 on Friday. The company’s 50-day moving average price is $7.63 and its 200-day moving average price is $7.48. The company has a market cap of $324.41 million, a P/E ratio of 38.57 and a beta of 1.88. TriplePoint Venture Growth BDC Corp. has a twelve month low of $6.44 and a twelve month high of $11.17.

Analysts Set New Price Targets

Several analysts recently commented on the stock. StockNews.com upgraded shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Compass Point lifted their target price on shares of TriplePoint Venture Growth BDC from $7.50 to $8.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Keefe, Bruyette & Woods upgraded shares of TriplePoint Venture Growth BDC from an “underperform” rating to a “market perform” rating and dropped their target price for the company from $8.00 to $7.50 in a research report on Thursday, November 7th. Wells Fargo & Company lifted their target price on shares of TriplePoint Venture Growth BDC from $6.50 to $7.50 and gave the company an “equal weight” rating in a research report on Tuesday, November 19th. Finally, Piper Sandler dropped their target price on shares of TriplePoint Venture Growth BDC from $8.00 to $7.50 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $7.70.

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.