TriplePoint Venture Growth BDC (NYSE:TPVG) Insider Sajal Srivastava Acquires 40,000 Shares

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava bought 40,000 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was bought at an average cost of $6.70 per share, for a total transaction of $268,000.00. Following the completion of the transaction, the insider directly owned 1,876,980 shares in the company, valued at approximately $12,575,766. The trade was a 2.18% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

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

• On Tuesday, January 6th, Sajal Srivastava purchased 34,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.61 per share, with a total value of $224,740.00.
• On Friday, January 2nd, Sajal Srivastava bought 27,153 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.60 per share, with a total value of $179,209.80.
• On Wednesday, December 31st, Sajal Srivastava bought 30,459 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.55 per share, for a total transaction of $199,506.45.
• On Tuesday, December 30th, Sajal Srivastava acquired 25,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.45 per share, for a total transaction of $161,250.00.
• On Monday, December 29th, Sajal Srivastava purchased 27,410 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.34 per share, for a total transaction of $173,779.40.
• On Friday, December 26th, Sajal Srivastava bought 31,600 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.30 per share, with a total value of $199,080.00.
• On Wednesday, December 24th, Sajal Srivastava bought 26,756 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.30 per share, with a total value of $168,562.80.
• On Tuesday, December 23rd, Sajal Srivastava acquired 31,910 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.29 per share, for a total transaction of $200,713.90.
• On Monday, December 22nd, Sajal Srivastava purchased 26,900 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.29 per share, for a total transaction of $169,201.00.
• On Friday, December 19th, Sajal Srivastava purchased 29,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.25 per share, with a total value of $181,250.00.

TriplePoint Venture Growth BDC Stock Performance

NYSE:TPVG traded down $0.20 during mid-day trading on Wednesday, hitting $6.41. 400,880 shares of the company’s stock traded hands, compared to its average volume of 439,441. The company has a market cap of $258.76 million, a PE ratio of 7.54 and a beta of 1.35. The firm’s 50 day simple moving average is $6.24 and its 200 day simple moving average is $6.36. TriplePoint Venture Growth BDC Corp. has a 1 year low of $5.24 and a 1 year high of $8.20.

TriplePoint Venture Growth BDC (NYSE:TPVG) last released its quarterly earnings results on Wednesday, November 5th. The investment management company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.03). The company had revenue of $22.66 million for the quarter, compared to analysts’ expectations 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, research analysts expect that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current fiscal year.

TriplePoint Venture Growth BDC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 14.4%. The ex-dividend date was Tuesday, December 16th. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is 108.24%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TPVG. Zacks Research raised shares of TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Wall Street Zen upgraded shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Piper Sandler lowered their price target on TriplePoint Venture Growth BDC from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, October 9th. Weiss Ratings restated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research note on Monday, December 29th. Finally, UBS Group decreased their target price on TriplePoint Venture Growth BDC from $6.50 to $5.50 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Five equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $6.25.

Institutional Investors Weigh In On TriplePoint Venture Growth BDC

A number of institutional investors have recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. acquired a new position in TriplePoint Venture Growth BDC in the second quarter worth $26,000. Advisory Services Network LLC bought a new position in shares of TriplePoint Venture Growth BDC in the 3rd quarter worth about $33,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of TriplePoint Venture Growth BDC in the 2nd quarter valued at about $35,000. Bluefin Capital Management LLC bought a new stake in shares of TriplePoint Venture Growth BDC during the 2nd quarter valued at about $105,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of TriplePoint Venture Growth BDC during the 2nd quarter valued at about $131,000. 12.77% of the stock is currently owned by institutional investors.

About TriplePoint Venture Growth BDC

TriplePoint Venture Growth BDC Inc is a closed-end management investment company externally managed by TriplePoint Capital LLC. The firm specializes in providing customized debt and equity financing to growth-stage, venture capital– and private equity–backed companies. Its financing solutions include senior secured loans, unitranche facilities, subordinated debt and selective equity co-investments tailored to support expansion, working capital needs and strategic initiatives.

Launched in September 2018 and listed on the New York Stock Exchange under the symbol TPVG, TriplePoint Venture Growth BDC leverages the deep industry expertise and established underwriting capabilities of TriplePoint Capital, a venture lender since 2003.