Wells Fargo & Company MN Raises Stake in TriplePoint Venture Growth BDC Corp (TPVG)

Wells Fargo & Company MN increased its stake in TriplePoint Venture Growth BDC Corp (NYSE:TPVG) by 9.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 428,472 shares of the investment management company’s stock after purchasing an additional 35,912 shares during the quarter. Wells Fargo & Company MN owned 2.42% of TriplePoint Venture Growth BDC worth $5,742,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Advisory Services Network LLC grew its position in shares of TriplePoint Venture Growth BDC by 3,082.2% during the second quarter. Advisory Services Network LLC now owns 8,751 shares of the investment management company’s stock worth $116,000 after buying an additional 8,476 shares in the last quarter. Susquehanna International Group LLP grew its position in shares of TriplePoint Venture Growth BDC by 206.2% during the second quarter. Susquehanna International Group LLP now owns 15,717 shares of the investment management company’s stock worth $209,000 after buying an additional 30,510 shares in the last quarter. GSA Capital Partners LLP grew its position in shares of TriplePoint Venture Growth BDC by 35.0% during the second quarter. GSA Capital Partners LLP now owns 15,800 shares of the investment management company’s stock worth $210,000 after buying an additional 4,100 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of TriplePoint Venture Growth BDC by 1,418.6% during the second quarter. JPMorgan Chase & Co. now owns 18,238 shares of the investment management company’s stock worth $242,000 after buying an additional 17,037 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of TriplePoint Venture Growth BDC during the second quarter worth approximately $354,000. Institutional investors and hedge funds own 33.76% of the company’s stock.

In other news, President Sajal Srivastava bought 44,313 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The stock was acquired at an average cost of $13.65 per share, for a total transaction of $604,872.45. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Andrew Olson bought 7,386 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The stock was purchased at an average price of $13.65 per share, with a total value of $100,818.90. Following the completion of the purchase, the chief financial officer now directly owns 7,386 shares of the company’s stock, valued at approximately $100,818.90. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 73,855 shares of company stock worth $1,008,121. 1.31% of the stock is owned by company insiders.

TPVG has been the subject of a number of research reports. Compass Point raised shares of TriplePoint Venture Growth BDC from a “neutral” rating to a “buy” rating in a report on Tuesday, November 28th. ValuEngine downgraded shares of TriplePoint Venture Growth BDC from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 16th. Ladenburg Thalmann Financial Services started coverage on shares of TriplePoint Venture Growth BDC in a report on Tuesday, December 12th. They set a “neutral” rating for the company. Finally, Zacks Investment Research downgraded shares of TriplePoint Venture Growth BDC from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. TriplePoint Venture Growth BDC currently has a consensus rating of “Hold” and a consensus target price of $14.00.

Shares of TriplePoint Venture Growth BDC Corp (TPVG) traded down $0.03 during midday trading on Wednesday, hitting $12.86. 43,400 shares of the company were exchanged, compared to its average volume of 58,350. TriplePoint Venture Growth BDC Corp has a fifty-two week low of $12.22 and a fifty-two week high of $14.41. The company has a market capitalization of $227.77, a PE ratio of 9.20, a P/E/G ratio of 0.91 and a beta of 1.36.

TriplePoint Venture Growth BDC (NYSE:TPVG) last issued its quarterly earnings results on Monday, November 6th. The investment management company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.01). TriplePoint Venture Growth BDC had a return on equity of 12.05% and a net margin of 43.72%. The business had revenue of $10.42 million during the quarter, compared to the consensus estimate of $11.22 million. equities analysts anticipate that TriplePoint Venture Growth BDC Corp will post 1.64 earnings per share for the current fiscal year.

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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.

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

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