Ethos Financial Group LLC Acquires 21,411 Shares of TriplePoint Venture Growth BDC Corp. $TPVG

Ethos Financial Group LLC boosted its stake in shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) by 84.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,627 shares of the investment management company’s stock after buying an additional 21,411 shares during the quarter. Ethos Financial Group LLC owned approximately 0.12% of TriplePoint Venture Growth BDC worth $327,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. lifted its holdings in TriplePoint Venture Growth BDC by 16.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,132 shares of the investment management company’s stock worth $92,000 after buying an additional 1,833 shares during the period. U.S. Capital Wealth Advisors LLC lifted its stake in shares of TriplePoint Venture Growth BDC by 25.1% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 32,780 shares of the investment management company’s stock worth $229,000 after purchasing an additional 6,580 shares during the last quarter. Private Advisor Group LLC bought a new stake in TriplePoint Venture Growth BDC during the first quarter valued at about $72,000. Y Intercept Hong Kong Ltd bought a new stake in TriplePoint Venture Growth BDC during the first quarter valued at about $109,000. Finally, Norden Group LLC grew its stake in TriplePoint Venture Growth BDC by 60.4% in the first quarter. Norden Group LLC now owns 41,688 shares of the investment management company’s stock valued at $291,000 after purchasing an additional 15,690 shares during the last quarter. 12.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at TriplePoint Venture Growth BDC

In other news, insider Sajal Srivastava acquired 80,000 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were bought at an average cost of $6.48 per share, for a total transaction of $518,400.00. Following the acquisition, the insider owned 297,657 shares in the company, valued at approximately $1,928,817.36. This represents a 36.76% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James Labe bought 80,000 shares of TriplePoint Venture Growth BDC stock in a transaction on Monday, August 25th. The shares were purchased at an average cost of $6.48 per share, with a total value of $518,400.00. Following the acquisition, the chief executive officer directly owned 297,657 shares of the company’s stock, valued at approximately $1,928,817.36. The trade was a 36.76% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 1,292,100 shares of company stock worth $8,437,508 over the last ninety days. 1.46% of the stock is currently owned by corporate insiders.

TriplePoint Venture Growth BDC Price Performance

Shares of NYSE TPVG opened at $5.67 on Friday. The stock has a market capitalization of $229.03 million, a price-to-earnings ratio of 6.67 and a beta of 1.47. The firm’s 50 day simple moving average is $5.92 and its 200-day simple moving average is $6.45. TriplePoint Venture Growth BDC Corp. has a 12 month low of $5.24 and a 12 month high of $8.50.

TriplePoint Venture Growth BDC (NYSE:TPVG) last posted its earnings results on Wednesday, November 5th. The investment management company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). TriplePoint Venture Growth BDC had a net margin of 36.02% and a return on equity of 12.88%. The business had revenue of $22.66 million for the quarter, compared to analyst estimates of $24.22 million. Analysts anticipate that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current fiscal year.

TriplePoint Venture Growth BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 16.2%. The ex-dividend date is Tuesday, December 16th. TriplePoint Venture Growth BDC’s dividend payout ratio is 88.46%.

Analysts Set New Price Targets

Several brokerages have recently commented on TPVG. UBS Group decreased their price objective on TriplePoint Venture Growth BDC from $6.50 to $5.50 and set a “neutral” rating for the company in a report on Tuesday, October 14th. Piper Sandler decreased their price target on TriplePoint Venture Growth BDC from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, October 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of TriplePoint Venture Growth BDC in a report on Wednesday, October 8th. Finally, Zacks Research raised shares of TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 7th. Six investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $6.25.

TriplePoint Venture Growth BDC 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.