Samalin Investment Counsel LLC Decreases Holdings in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG)

Samalin Investment Counsel LLC reduced its position in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) by 9.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,542 shares of the investment management company’s stock after selling 7,696 shares during the period. Samalin Investment Counsel LLC owned approximately 0.18% of TriplePoint Venture Growth BDC worth $521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Jane Street Group LLC increased its stake in shares of TriplePoint Venture Growth BDC by 712.4% in the 3rd quarter. Jane Street Group LLC now owns 104,997 shares of the investment management company’s stock worth $741,000 after purchasing an additional 92,072 shares in the last quarter. Townsquare Capital LLC increased its position in TriplePoint Venture Growth BDC by 12.3% in the third quarter. Townsquare Capital LLC now owns 75,845 shares of the investment management company’s stock worth $535,000 after buying an additional 8,311 shares in the last quarter. Kovack Advisors Inc. raised its stake in shares of 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 worth $331,000 after buying an additional 7,719 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of TriplePoint Venture Growth BDC in the third quarter worth about $307,000. Finally, Paloma Partners Management Co bought a new position in shares of TriplePoint Venture Growth BDC during the 3rd quarter valued at approximately $282,000. Institutional investors own 12.77% of the company’s stock.

TriplePoint Venture Growth BDC Stock Performance

Shares of TPVG opened at $7.19 on Monday. The stock has a market capitalization of $288.75 million, a PE ratio of 34.26 and a beta of 1.90. The company’s fifty day moving average is $7.72 and its 200 day moving average is $7.49. TriplePoint Venture Growth BDC Corp. has a fifty-two week low of $6.44 and a fifty-two week high of $9.73.

TriplePoint Venture Growth BDC (NYSE:TPVG) last released its quarterly earnings results on Wednesday, March 5th. The investment management company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.03). The company had revenue of $25.75 million during the quarter, compared to analysts’ expectations of $26.68 million. TriplePoint Venture Growth BDC had a return on equity of 16.86% and a net margin of 9.01%. As a group, research analysts forecast that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current year.

TriplePoint Venture Growth BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 16.68%. The ex-dividend date of this dividend is Monday, March 17th. TriplePoint Venture Growth BDC’s dividend payout ratio is currently 146.34%.

Analyst Ratings Changes

Several brokerages have weighed in on TPVG. Piper Sandler lifted their price target on shares of TriplePoint Venture Growth BDC from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Thursday, March 6th. Compass Point lowered their target price 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. Finally, Wells Fargo & Company downgraded shares of TriplePoint Venture Growth BDC from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $7.50 to $6.50 in a report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $7.45.

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.