Macquarie Group Ltd. Has $226,000 Stake in TriplePoint Venture Growth BDC Corp (TPVG)

Macquarie Group Ltd. lifted its holdings in shares of TriplePoint Venture Growth BDC Corp (NYSE:TPVG) by 203.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 17,814 shares of the investment management company’s stock after acquiring an additional 11,944 shares during the period. Macquarie Group Ltd.’s holdings in TriplePoint Venture Growth BDC were worth $226,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in TPVG. Wells Fargo & Company MN lifted its holdings in shares of TriplePoint Venture Growth BDC by 9.1% during the 3rd quarter. Wells Fargo & Company MN now owns 428,472 shares of the investment management company’s stock worth $5,742,000 after acquiring an additional 35,912 shares during the period. Bank of Montreal Can lifted its holdings in shares of TriplePoint Venture Growth BDC by 13.6% during the 4th quarter. Bank of Montreal Can now owns 217,800 shares of the investment management company’s stock worth $2,764,000 after acquiring an additional 26,000 shares during the period. Texas Yale Capital Corp. bought a new position in shares of TriplePoint Venture Growth BDC during the 4th quarter worth about $322,000. BlackRock Inc. lifted its holdings in shares of TriplePoint Venture Growth BDC by 10.0% during the 4th quarter. BlackRock Inc. now owns 104,268 shares of the investment management company’s stock worth $1,323,000 after acquiring an additional 9,461 shares during the period. Finally, Nationwide Fund Advisors lifted its holdings in shares of TriplePoint Venture Growth BDC by 23.4% during the 3rd quarter. Nationwide Fund Advisors now owns 37,892 shares of the investment management company’s stock worth $508,000 after acquiring an additional 7,173 shares during the period. 31.89% of the stock is owned by institutional investors.

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A number of equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of TriplePoint Venture Growth BDC from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Thursday, March 15th. ValuEngine cut shares of TriplePoint Venture Growth BDC from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd.

Shares of TriplePoint Venture Growth BDC stock opened at $12.31 on Monday. The stock has a market cap of $218.38, a P/E ratio of 7.65, a PEG ratio of 0.84 and a beta of 1.20. TriplePoint Venture Growth BDC Corp has a 12-month low of $11.11 and a 12-month high of $14.41.

TriplePoint Venture Growth BDC (NYSE:TPVG) last announced its earnings results on Monday, March 12th. The investment management company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The firm had revenue of $11.11 million for the quarter, compared to analyst estimates of $11.78 million. TriplePoint Venture Growth BDC had a return on equity of 11.94% and a net margin of 37.33%. analysts expect that TriplePoint Venture Growth BDC Corp will post 1.46 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 6th. Investors of record on Friday, March 23rd were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 11.70%. The ex-dividend date of this dividend was Thursday, March 22nd. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is currently 89.44%.

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About TriplePoint Venture Growth BDC

TriplePoint Venture Growth BDC Corp. is a closed-end, non-diversified management investment company. The Company’s investment objective is to maximize its total return to stockholders primarily in the form of current income and, to a lesser extent, capital appreciation by primarily lending with warrants to venture growth stage companies focused in technology, life sciences and other high growth industries, which are backed by TriplePoint Capital LLC’s (TPC) select group of venture capital investors.

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Institutional Ownership by Quarter for TriplePoint Venture Growth BDC (NYSE:TPVG)

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