Bank of Montreal Can purchased a new stake in shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) during the second quarter, Holdings Channel reports. The fund purchased 191,000 shares of the investment management company’s stock, valued at approximately $2,542,000.

Other hedge funds also recently added to or reduced their stakes in the company. Trexquant Investment LP acquired a new stake in shares of TriplePoint Venture Growth BDC Corp. during the first quarter worth approximately $159,000. PVG Asset Management Corp acquired a new stake in shares of TriplePoint Venture Growth BDC Corp. during the first quarter worth approximately $1,715,000. Wells Fargo & Company MN boosted its stake in shares of TriplePoint Venture Growth BDC Corp. by 12.9% in the first quarter. Wells Fargo & Company MN now owns 388,439 shares of the investment management company’s stock worth $5,415,000 after buying an additional 44,399 shares during the period. UBS Group AG boosted its stake in shares of TriplePoint Venture Growth BDC Corp. by 11.4% in the first quarter. UBS Group AG now owns 485,854 shares of the investment management company’s stock worth $6,772,000 after buying an additional 49,816 shares during the period. Finally, Ares Management LLC boosted its stake in shares of TriplePoint Venture Growth BDC Corp. by 5.3% in the first quarter. Ares Management LLC now owns 507,169 shares of the investment management company’s stock worth $7,070,000 after buying an additional 25,500 shares during the period. Institutional investors and hedge funds own 42.80% of the company’s stock.

Shares of TriplePoint Venture Growth BDC Corp. (TPVG) traded down 0.29% during mid-day trading on Thursday, hitting $13.69. 54,694 shares of the stock were exchanged. The stock’s 50 day moving average is $13.12 and its 200 day moving average is $13.44. TriplePoint Venture Growth BDC Corp. has a 12 month low of $10.25 and a 12 month high of $14.41.

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) last posted its quarterly earnings data on Tuesday, August 8th. The investment management company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.23. TriplePoint Venture Growth BDC Corp. had a return on equity of 13.08% and a net margin of 56.60%. The company had revenue of $15.68 million during the quarter, compared to analysts’ expectations of $11.49 million. Equities research analysts forecast that TriplePoint Venture Growth BDC Corp. will post $1.53 earnings per share for the current year.

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A number of analysts have recently commented on the stock. ValuEngine upgraded shares of TriplePoint Venture Growth BDC Corp. from a “buy” rating to a “strong-buy” rating in a report on Thursday. Zacks Investment Research cut shares of TriplePoint Venture Growth BDC Corp. from a “buy” rating to a “hold” rating in a report on Thursday, May 4th.

In related news, President Sajal Srivastava acquired 8,000 shares of the firm’s stock in a transaction on Wednesday, May 31st. The stock was bought at an average cost of $13.10 per share, with a total value of $104,800.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 1.31% of the stock is currently owned by company insiders.

TriplePoint Venture Growth BDC Corp. Company Profile

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.

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

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