Schonfeld Strategic Advisors LLC Has $170,000 Stock Position in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG)

Schonfeld Strategic Advisors LLC reduced its stake in shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) by 72.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,000 shares of the investment management company’s stock after selling 59,900 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in TriplePoint Venture Growth BDC were worth $170,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TPVG. Diversify Wealth Management LLC boosted its position in shares of TriplePoint Venture Growth BDC by 53.4% during the 4th quarter. Diversify Wealth Management LLC now owns 18,830 shares of the investment management company’s stock worth $142,000 after acquiring an additional 6,553 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its holdings in shares of TriplePoint Venture Growth BDC by 133.9% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 26,200 shares of the investment management company’s stock valued at $193,000 after purchasing an additional 15,000 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of TriplePoint Venture Growth BDC in the 4th quarter valued at $120,000. Kovack Advisors Inc. boosted its stake in TriplePoint Venture Growth BDC by 20.8% in the fourth quarter. Kovack Advisors Inc. now owns 44,819 shares of the investment management company’s stock valued at $331,000 after buying an additional 7,719 shares in the last quarter. Finally, Norden Group LLC boosted its stake in TriplePoint Venture Growth BDC by 47.2% in the fourth quarter. Norden Group LLC now owns 25,998 shares of the investment management company’s stock valued at $192,000 after buying an additional 8,338 shares in the last quarter. 12.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on TPVG shares. Piper Sandler reduced their price objective on TriplePoint Venture Growth BDC from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Compass Point reduced their price target on shares of TriplePoint Venture Growth BDC from $8.00 to $7.25 and set a “neutral” rating on the stock in a research note on Tuesday, March 18th. Wells Fargo & Company reduced their price target on shares of TriplePoint Venture Growth BDC from $6.50 to $5.50 and set an “underweight” rating on the stock in a research note on Monday, April 28th. Keefe, Bruyette & Woods cut their target price on shares of TriplePoint Venture Growth BDC from $7.50 to $7.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 8th. Finally, UBS Group cut their target price on shares of TriplePoint Venture Growth BDC from $7.50 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat, TriplePoint Venture Growth BDC has an average rating of “Hold” and a consensus price target of $6.79.

TriplePoint Venture Growth BDC Trading Down 1.1%

Shares of TPVG stock opened at $6.58 on Thursday. The business’s 50-day moving average price is $6.49 and its 200-day moving average price is $7.29. TriplePoint Venture Growth BDC Corp. has a 12 month low of $5.53 and a 12 month high of $9.70. The firm has a market capitalization of $264.73 million, a price-to-earnings ratio of 31.33 and a beta of 1.49.

TriplePoint Venture Growth BDC (NYSE:TPVG) last posted its earnings results on Wednesday, May 7th. The investment management company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.03). TriplePoint Venture Growth BDC had a return on equity of 16.86% and a net margin of 9.01%. The business had revenue of $22.45 million for the quarter, compared to analyst estimates of $24.90 million. On average, sell-side analysts predict that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current fiscal year.

TriplePoint Venture Growth BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 18.24%. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is presently 129.03%.

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.