Sigma Planning Corp raised its stake in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG – Free Report) by 16.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,893 shares of the investment management company’s stock after purchasing an additional 6,128 shares during the quarter. Sigma Planning Corp owned about 0.12% of TriplePoint Venture Growth BDC worth $530,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Samalin Investment Counsel LLC purchased a new stake in shares of TriplePoint Venture Growth BDC during the fourth quarter worth about $290,000. Moors & Cabot Inc. increased its position in shares of TriplePoint Venture Growth BDC by 42.4% during the fourth quarter. Moors & Cabot Inc. now owns 15,042 shares of the investment management company’s stock worth $157,000 after acquiring an additional 4,482 shares during the last quarter. Wiley BROS. Aintree Capital LLC increased its position in shares of TriplePoint Venture Growth BDC by 13.1% during the first quarter. Wiley BROS. Aintree Capital LLC now owns 13,168 shares of the investment management company’s stock worth $141,000 after acquiring an additional 1,529 shares during the last quarter. Pictet North America Advisors SA increased its position in shares of TriplePoint Venture Growth BDC by 3.5% during the fourth quarter. Pictet North America Advisors SA now owns 42,093 shares of the investment management company’s stock worth $439,000 after acquiring an additional 1,419 shares during the last quarter. Finally, Avenir Corp increased its position in shares of TriplePoint Venture Growth BDC by 6.9% during the fourth quarter. Avenir Corp now owns 31,000 shares of the investment management company’s stock worth $323,000 after acquiring an additional 2,000 shares during the last quarter. 15.57% of the stock is owned by hedge funds and other institutional investors.
TriplePoint Venture Growth BDC Stock Performance
Shares of TPVG stock opened at $11.24 on Friday. The business has a 50 day moving average of $11.85 and a two-hundred day moving average of $11.62. TriplePoint Venture Growth BDC Corp. has a 52 week low of $9.41 and a 52 week high of $13.90.
TriplePoint Venture Growth BDC Announces Dividend
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the company. JMP Securities dropped their target price on TriplePoint Venture Growth BDC from $13.50 to $11.50 in a research report on Tuesday, May 23rd. StockNews.com started coverage on TriplePoint Venture Growth BDC in a research report on Thursday, May 18th. They set a “sell” rating on the stock. Wells Fargo & Company downgraded TriplePoint Venture Growth BDC from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $12.00 to $10.00 in a research note on Thursday, May 4th. Compass Point downgraded TriplePoint Venture Growth BDC from a “neutral” rating to a “sell” rating and set a $9.75 price target for the company. in a research note on Thursday, August 3rd. Finally, LADENBURG THALM/SH SH decreased their price target on TriplePoint Venture Growth BDC from $14.50 to $13.50 in a research note on Thursday, May 4th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, TriplePoint Venture Growth BDC has an average rating of “Hold” and an average target price of $11.46.
Check Out Our Latest Research Report on TriplePoint Venture Growth BDC
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.
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