Norden Group LLC Acquires 8,338 Shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG)

Norden Group LLC raised its stake in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) by 47.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,998 shares of the investment management company’s stock after buying an additional 8,338 shares during the quarter. Norden Group LLC owned about 0.06% of TriplePoint Venture Growth BDC worth $192,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. McIlrath & Eck LLC bought a new position in shares of TriplePoint Venture Growth BDC during the third quarter worth about $51,000. Dynamic Technology Lab Private Ltd acquired a new position in TriplePoint Venture Growth BDC during the 3rd quarter worth approximately $83,000. BNP Paribas Financial Markets raised its holdings in shares of TriplePoint Venture Growth BDC by 214.3% in the third quarter. BNP Paribas Financial Markets now owns 13,200 shares of the investment management company’s stock valued at $93,000 after purchasing an additional 9,000 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of TriplePoint Venture Growth BDC in the third quarter valued at approximately $99,000. Finally, XTX Topco Ltd bought a new stake in shares of TriplePoint Venture Growth BDC in the third quarter worth $118,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on TPVG shares. Piper Sandler decreased their target price on shares of 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. StockNews.com upgraded TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a report on Friday, November 15th. Compass Point upped their target price on TriplePoint Venture Growth BDC from $7.50 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Keefe, Bruyette & Woods upgraded 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. Finally, Wells Fargo & Company upped their price objective 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. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $7.70.

TriplePoint Venture Growth BDC Stock Down 1.8 %

Shares of NYSE TPVG opened at $7.79 on Thursday. The business’s 50 day moving average price is $7.77 and its two-hundred day moving average price is $7.51. The company has a market cap of $311.78 million, a PE ratio of 37.07 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 $11.01.

TriplePoint Venture Growth BDC (NYSE:TPVG) last posted its earnings results on Wednesday, March 5th. The investment management company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 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 $25.75 million for the quarter, compared to analyst estimates of $26.68 million. As a group, research analysts anticipate that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current fiscal year.

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.