TriplePoint Venture Growth BDC (NYSE:TPVG) Insider Sajal Srivastava Purchases 16,833 Shares

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava acquired 16,833 shares of the stock in a transaction on Thursday, January 8th. The stock was bought at an average price of $6.61 per share, with a total value of $111,266.13. Following the transaction, the insider directly owned 1,958,690 shares of the company’s stock, valued at approximately $12,946,940.90. The trade was a 0.87% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, January 7th, Sajal Srivastava bought 30,877 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.43 per share, for a total transaction of $198,539.11.
• On Tuesday, January 6th, Sajal Srivastava acquired 34,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.61 per share, with a total value of $224,740.00.
• On Monday, January 5th, Sajal Srivastava bought 40,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.70 per share, for a total transaction of $268,000.00.
• On Friday, January 2nd, Sajal Srivastava acquired 27,153 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.60 per share, with a total value of $179,209.80.
• On Wednesday, December 31st, Sajal Srivastava acquired 30,459 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.55 per share, for a total transaction of $199,506.45.
• On Tuesday, December 30th, Sajal Srivastava purchased 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 acquired at an average cost of $6.34 per share, with a total value of $173,779.40.
• On Friday, December 26th, Sajal Srivastava bought 31,600 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.30 per share, for a total transaction of $199,080.00.
• On Wednesday, December 24th, Sajal Srivastava acquired 26,756 shares of TriplePoint Venture Growth BDC stock. The stock was purchased 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 purchased at an average price of $6.29 per share, for a total transaction of $200,713.90.

TriplePoint Venture Growth BDC Stock Performance

TPVG opened at $6.62 on Friday. The stock has a market cap of $267.25 million, a price-to-earnings ratio of 7.78 and a beta of 1.35. The firm’s fifty day moving average is $6.28 and its 200 day moving average is $6.36. TriplePoint Venture Growth BDC Corp. has a fifty-two week low of $5.24 and a fifty-two week high of $8.20.

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 return on equity of 12.88% and a net margin of 36.02%.The business had revenue of $22.66 million during the quarter, compared to the consensus estimate of $24.22 million. On average, equities research analysts predict that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current year.

TriplePoint Venture Growth BDC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th were issued a $0.23 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 13.9%. TriplePoint Venture Growth BDC’s payout ratio is 108.24%.

Analysts Set New Price Targets

Several research firms recently commented on TPVG. UBS Group dropped their price target 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. Weiss Ratings reiterated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a report on Monday, December 29th. Wall Street Zen upgraded TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Zacks Research upgraded TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Finally, Piper Sandler cut their price objective on shares of TriplePoint Venture Growth BDC from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, October 9th. Five analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $6.25.

Institutional Investors Weigh In On TriplePoint Venture Growth BDC

Several institutional investors have recently bought and sold shares of TPVG. Norden Group LLC grew its stake in TriplePoint Venture Growth BDC by 36.4% during the 2nd quarter. Norden Group LLC now owns 56,848 shares of the investment management company’s stock worth $399,000 after buying an additional 15,160 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in TriplePoint Venture Growth BDC by 23.2% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 40,380 shares of the investment management company’s stock valued at $283,000 after buying an additional 7,600 shares during the last quarter. Samalin Investment Counsel LLC boosted its holdings in TriplePoint Venture Growth BDC by 13.1% in the second quarter. Samalin Investment Counsel LLC now owns 92,636 shares of the investment management company’s stock worth $649,000 after acquiring an additional 10,730 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of TriplePoint Venture Growth BDC during the second quarter worth about $131,000. Finally, Ethos Financial Group LLC increased its holdings in shares of TriplePoint Venture Growth BDC by 84.9% during the second quarter. Ethos Financial Group LLC now owns 46,627 shares of the investment management company’s stock valued at $327,000 after acquiring an additional 21,411 shares in the last quarter. 12.77% of the stock is currently owned by institutional investors and hedge funds.

TriplePoint Venture Growth BDC Company Profile

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.