Kovack Advisors Inc. Boosts Stake in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG)

Kovack Advisors Inc. increased its stake in shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) by 20.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 44,819 shares of the investment management company’s stock after purchasing an additional 7,719 shares during the period. Kovack Advisors Inc. owned approximately 0.11% of TriplePoint Venture Growth BDC worth $331,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its position in shares of TriplePoint Venture Growth BDC by 435.6% during the 3rd quarter. International Assets Investment Management LLC now owns 107,630 shares of the investment management company’s stock worth $760,000 after purchasing an additional 87,535 shares during the period. Jane Street Group LLC boosted its position in shares of TriplePoint Venture Growth BDC by 712.4% during 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 during the period. BNP Paribas Financial Markets boosted its position in shares of TriplePoint Venture Growth BDC by 214.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 13,200 shares of the investment management company’s stock worth $93,000 after purchasing an additional 9,000 shares during the period. XTX Topco Ltd purchased a new position in shares of TriplePoint Venture Growth BDC during the 3rd quarter worth approximately $118,000. Finally, Strategic Financial Concepts LLC acquired a new stake in TriplePoint Venture Growth BDC during the 4th quarter worth approximately $120,000. Hedge funds and other institutional investors own 12.77% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TPVG shares. Keefe, Bruyette & Woods upgraded shares of TriplePoint Venture Growth BDC from an “underperform” rating to a “market perform” rating and reduced their target price for the stock from $8.00 to $7.50 in a report on Thursday, November 7th. Wells Fargo & Company increased their target price on shares of TriplePoint Venture Growth BDC from $6.50 to $7.50 and gave the stock an “equal weight” rating in a report on Tuesday, November 19th. Compass Point increased their target price on shares of TriplePoint Venture Growth BDC from $7.50 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. StockNews.com upgraded shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a report on Friday, November 15th. Finally, Piper Sandler reduced their target price on shares of TriplePoint Venture Growth BDC from $8.00 to $7.50 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Seven analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $7.70.

TriplePoint Venture Growth BDC Trading Up 1.4 %

Shares of TPVG opened at $8.08 on Friday. TriplePoint Venture Growth BDC Corp. has a twelve month low of $6.44 and a twelve month high of $11.01. The firm’s fifty day simple moving average is $7.73 and its 200-day simple moving average is $7.50. The firm has a market capitalization of $323.60 million, a price-to-earnings ratio of 38.48 and a beta of 1.88.

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.