UBS Group AG Boosts Position in TriplePoint Venture Growth BDC Corp. (TPVG)

UBS Group AG increased its stake in shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) by 14.4% during the third quarter, Holdings Channel reports. The institutional investor owned 451,905 shares of the investment management company’s stock after buying an additional 56,937 shares during the period. UBS Group AG’s holdings in TriplePoint Venture Growth BDC Corp. were worth $4,790,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TPVG. GAM Holding AG acquired a new stake in shares of TriplePoint Venture Growth BDC Corp. during the third quarter valued at approximately $113,000. Yorktown Management & Research Co Inc raised its position in TriplePoint Venture Growth BDC Corp. by 16.7% in the third quarter. Yorktown Management & Research Co Inc now owns 35,000 shares of the investment management company’s stock valued at $371,000 after buying an additional 5,000 shares in the last quarter. JPMorgan Chase & Co. raised its position in TriplePoint Venture Growth BDC Corp. by 40.4% in the second quarter. JPMorgan Chase & Co. now owns 63,730 shares of the investment management company’s stock valued at $675,000 after buying an additional 18,336 shares in the last quarter. Nationwide Fund Advisors raised its position in TriplePoint Venture Growth BDC Corp. by 7.4% in the second quarter. Nationwide Fund Advisors now owns 68,119 shares of the investment management company’s stock valued at $721,000 after buying an additional 4,688 shares in the last quarter. Finally, Royal Bank of Canada raised its position in TriplePoint Venture Growth BDC Corp. by 37.3% in the second quarter. Royal Bank of Canada now owns 74,299 shares of the investment management company’s stock valued at $787,000 after buying an additional 20,183 shares in the last quarter. 50.77% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) traded up 0.53% on Friday, reaching $13.40. 99,732 shares of the company were exchanged. TriplePoint Venture Growth BDC Corp. has a 12-month low of $9.17 and a 12-month high of $13.52. The company’s 50 day moving average is $12.75 and its 200 day moving average is $11.74.

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TPVG has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of TriplePoint Venture Growth BDC Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, November 10th. TheStreet lowered shares of TriplePoint Venture Growth BDC Corp. from a “b-” rating to a “c+” rating in a research note on Friday, January 13th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $12.85.

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.

5 Day Chart for NYSE:TPVG

Want to see what other hedge funds are holding TPVG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TriplePoint Venture Growth BDC Corp. (NYSE:TPVG).

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