TriplePoint Venture Growth BDC (NYSE:TPVG) Insider Sajal Srivastava Purchases 27,439 Shares

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava acquired 27,439 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was acquired at an average price of $6.06 per share, with a total value of $166,280.34. Following the transaction, the insider directly owned 836,139 shares of the company’s stock, valued at $5,067,002.34. This represents a 3.39% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, November 17th, Sajal Srivastava purchased 44,648 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.06 per share, with a total value of $270,566.88.
• On Friday, November 14th, Sajal Srivastava acquired 46,700 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $5.99 per share, with a total value of $279,733.00.
• On Wednesday, November 12th, Sajal Srivastava bought 50,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $5.95 per share, for a total transaction of $297,500.00.
• On Tuesday, November 11th, Sajal Srivastava acquired 26,117 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $5.76 per share, for a total transaction of $150,433.92.
• On Wednesday, September 3rd, Sajal Srivastava bought 48,800 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.77 per share, for a total transaction of $330,376.00.
• On Tuesday, September 2nd, Sajal Srivastava bought 54,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.72 per share, for a total transaction of $362,880.00.
• On Friday, August 29th, Sajal Srivastava purchased 65,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.73 per share, with a total value of $437,450.00.
• On Friday, August 29th, Sajal Srivastava bought 65,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.73 per share, with a total value of $437,450.00.
• On Thursday, August 28th, Sajal Srivastava bought 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 acquired 44,630 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.64 per share, with a total value of $296,343.20.

TriplePoint Venture Growth BDC Stock Up 1.6%

TriplePoint Venture Growth BDC stock traded up $0.10 during mid-day trading on Wednesday, hitting $6.15. 405,371 shares of the company’s stock traded hands, compared to its average volume of 319,058. The firm has a 50 day moving average price of $5.80 and a 200 day moving average price of $6.45. The company has a market cap of $248.26 million, a PE ratio of 7.23 and a beta of 1.47. TriplePoint Venture Growth BDC Corp. has a one year low of $5.24 and a one year high of $8.50.

TriplePoint Venture Growth BDC (NYSE:TPVG) last issued its earnings results 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). The business had revenue of $22.66 million for the quarter, compared to the consensus estimate of $24.22 million. TriplePoint Venture Growth BDC had a return on equity of 12.88% and a net margin of 36.02%. On average, analysts expect that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current fiscal year.

TriplePoint Venture Growth BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 15.0%. The ex-dividend date is Tuesday, December 16th. TriplePoint Venture Growth BDC’s payout ratio is 108.24%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Private Advisor Group LLC bought a new position in shares of TriplePoint Venture Growth BDC during the 1st quarter worth approximately $72,000. Y Intercept Hong Kong Ltd bought a new position in TriplePoint Venture Growth BDC during the 1st quarter valued at $109,000. Norden Group LLC grew its position in TriplePoint Venture Growth BDC by 60.4% in the 1st quarter. Norden Group LLC now owns 41,688 shares of the investment management company’s stock worth $291,000 after purchasing an additional 15,690 shares in the last quarter. Townsquare Capital LLC lifted its holdings in TriplePoint Venture Growth BDC by 20.6% during the first quarter. Townsquare Capital LLC now owns 102,318 shares of the investment management company’s stock worth $714,000 after acquiring an additional 17,445 shares during the period. Finally, HighTower Advisors LLC purchased a new position in shares of TriplePoint Venture Growth BDC in the 1st quarter worth about $72,000. 12.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on TPVG shares. Zacks Research downgraded TriplePoint Venture Growth BDC from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. Piper Sandler reduced their target price on shares of TriplePoint Venture Growth BDC from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, October 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a report on Thursday, November 13th. Finally, UBS Group lowered 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 analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, TriplePoint Venture Growth BDC has a consensus 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.