Insider Buying: TriplePoint Venture Growth BDC (NYSE:TPVG) Insider Acquires 44,648 Shares of Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava bought 44,648 shares of the business’s stock in a transaction on Monday, November 17th. The shares were acquired at an average price of $6.06 per share, for a total transaction of $270,566.88. Following the completion of the purchase, the insider owned 808,700 shares in the company, valued at approximately $4,900,722. The trade was a 5.84% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Sajal Srivastava also recently made the following trade(s):

• On Tuesday, November 18th, Sajal Srivastava bought 27,439 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.06 per share, with a total value of $166,280.34.
• On Friday, November 14th, Sajal Srivastava acquired 46,700 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $5.99 per share, for a total transaction of $279,733.00.
• On Wednesday, November 12th, Sajal Srivastava purchased 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $5.95 per share, with a total value of $297,500.00.
• On Tuesday, November 11th, Sajal Srivastava purchased 26,117 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $5.76 per share, for a total transaction of $150,433.92.
• On Wednesday, September 3rd, Sajal Srivastava purchased 48,800 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.77 per share, for a total transaction of $330,376.00.
• On Tuesday, September 2nd, Sajal Srivastava acquired 54,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.72 per share, with a total value of $362,880.00.
• On Friday, August 29th, Sajal Srivastava bought 65,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.73 per share, for a total transaction of $437,450.00.
• On Friday, August 29th, Sajal Srivastava purchased 65,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.73 per share, for a total transaction of $437,450.00.
• On Thursday, August 28th, Sajal Srivastava purchased 44,630 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.64 per share, for a total transaction of $296,343.20.
• On Thursday, August 28th, Sajal Srivastava purchased 44,630 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.64 per share, for a total transaction of $296,343.20.

TriplePoint Venture Growth BDC Trading Up 1.6%

Shares of NYSE:TPVG traded up $0.10 on Wednesday, hitting $6.15. 405,371 shares of the company were exchanged, compared to its average volume of 319,058. TriplePoint Venture Growth BDC Corp. has a 1-year low of $5.24 and a 1-year high of $8.50. The stock’s 50 day moving average price is $5.80 and its 200 day moving average price is $6.45. The firm has a market capitalization of $248.26 million, a P/E ratio of 7.22 and a beta of 1.47.

TriplePoint Venture Growth BDC (NYSE:TPVG) last released its quarterly earnings data on Wednesday, November 5th. The investment management company reported $0.26 earnings per share 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 company had revenue of $22.66 million for the quarter, compared to analysts’ expectations of $24.22 million. On average, equities analysts predict that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current fiscal year.

TriplePoint Venture Growth BDC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders 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 15.0%. The ex-dividend date of this dividend is Tuesday, December 16th. TriplePoint Venture Growth BDC’s payout ratio is presently 108.24%.

Institutional Trading of TriplePoint Venture Growth BDC

A number of hedge funds have recently made changes to their positions in TPVG. Private Advisor Group LLC bought a new stake in TriplePoint Venture Growth BDC during the first quarter valued at $72,000. Y Intercept Hong Kong Ltd acquired a new stake in TriplePoint Venture Growth BDC in the first quarter worth approximately $109,000. Norden Group LLC boosted its stake in TriplePoint Venture Growth BDC by 60.4% during the first quarter. Norden Group LLC now owns 41,688 shares of the investment management company’s stock valued at $291,000 after buying an additional 15,690 shares in the last quarter. Townsquare Capital LLC raised its holdings in shares of TriplePoint Venture Growth BDC by 20.6% in the 1st quarter. Townsquare Capital LLC now owns 102,318 shares of the investment management company’s stock worth $714,000 after purchasing an additional 17,445 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new stake in shares of TriplePoint Venture Growth BDC during the 1st quarter valued at $72,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TPVG. Zacks Research downgraded TriplePoint Venture Growth BDC from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research note on Thursday, November 13th. Piper Sandler reduced their target price on shares of 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. Finally, UBS Group reduced their target price 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. Four investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, TriplePoint Venture Growth BDC presently has an average rating of “Reduce” and an average price target of $6.25.

About TriplePoint Venture Growth BDC

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.