TriplePoint Venture Growth BDC Corp. (NYSE:tpvg) declared a quarterly dividend on Tuesday, November 8th. Shareholders of record on Wednesday, November 30th will be given a dividend of 0.36 per share by the investment management company on Friday, December 16th. This represents a $1.44 annualized dividend and a yield of 11.76%. The ex-dividend date of this dividend is Monday, November 28th.

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) opened at 12.24 on Wednesday. TriplePoint Venture Growth BDC Corp. has a 52-week low of $8.83 and a 52-week high of $12.65. The firm has a 50-day moving average of $11.18 and a 200 day moving average of $11.02. The firm’s market cap is $198.61 million.

Dividend History for TriplePoint Venture Growth BDC Corp. (NYSE:tpvg)

A number of equities analysts have commented on TPVG shares. Compass Point upgraded shares of TriplePoint Venture Growth BDC Corp. from a “neutral” rating to a “buy” rating and set a $12.30 price target on the stock in a research report on Thursday, September 22nd. Zacks Investment Research lowered shares of TriplePoint Venture Growth BDC Corp. from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $12.85.

In other news, insider Sajal Srivastava purchased 7,000 shares of TriplePoint Venture Growth BDC Corp. stock in a transaction on Friday, September 9th. The shares were purchased at an average cost of $11.02 per share, for a total transaction of $77,140.00. Following the completion of the transaction, the insider now directly owns 107,643 shares in the company, valued at $1,186,225.86. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.27% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company purchased a new position in TriplePoint Venture Growth BDC Corp. during the third quarter worth approximately $3,199,000. Guggenheim Capital LLC raised its position in TriplePoint Venture Growth BDC Corp. by 52.8% in the second quarter. Guggenheim Capital LLC now owns 144,250 shares of the investment management company’s stock worth $1,528,000 after buying an additional 49,848 shares during the period. Two Sigma Advisers LP raised its position in TriplePoint Venture Growth BDC Corp. by 79.6% in the third quarter. Two Sigma Advisers LP now owns 82,800 shares of the investment management company’s stock worth $878,000 after buying an additional 36,700 shares during the period. Nuveen Fund Advisors LLC purchased a new position in TriplePoint Venture Growth BDC Corp. during the second quarter worth approximately $203,000. Finally, BlackRock Group LTD raised its position in TriplePoint Venture Growth BDC Corp. by 14.6% in the second quarter. BlackRock Group LTD now owns 89,474 shares of the investment management company’s stock worth $948,000 after buying an additional 11,379 shares during the period. Hedge funds and other institutional investors own 54.42% of the company’s stock.

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About TriplePoint Venture Growth BDC Corp.

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.

5 Day Chart for NYSE:TPVG

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