Sajal Srivastava Purchases 23,799 Shares of TriplePoint Venture Growth BDC (NYSE:TPVG) Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVGGet Free Report) insider Sajal Srivastava bought 23,799 shares of TriplePoint Venture Growth BDC stock in a transaction dated Monday, January 12th. The stock was purchased at an average cost of $6.66 per share, for a total transaction of $158,501.34. Following the completion of the acquisition, the insider directly owned 1,998,489 shares of the company’s stock, valued at approximately $13,309,936.74. The trade was a 1.21% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Friday, January 9th, Sajal Srivastava acquired 16,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.56 per share, for a total transaction of $104,960.00.
  • On Thursday, January 8th, Sajal Srivastava purchased 16,833 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.61 per share, with a total value of $111,266.13.
  • On Wednesday, January 7th, Sajal Srivastava acquired 30,877 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.43 per share, with a total value of $198,539.11.
  • On Tuesday, January 6th, Sajal Srivastava acquired 34,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.61 per share, for a total transaction of $224,740.00.
  • On Monday, January 5th, Sajal Srivastava purchased 40,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.70 per share, with a total value of $268,000.00.
  • On Friday, January 2nd, Sajal Srivastava purchased 27,153 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.60 per share, with a total value of $179,209.80.
  • On Wednesday, December 31st, Sajal Srivastava purchased 30,459 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.55 per share, for a total transaction of $199,506.45.
  • On Tuesday, December 30th, Sajal Srivastava bought 25,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.45 per share, for a total transaction of $161,250.00.
  • On Monday, December 29th, Sajal Srivastava acquired 27,410 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.34 per share, with a total value of $173,779.40.
  • On Friday, December 26th, Sajal Srivastava purchased 31,600 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.30 per share, with a total value of $199,080.00.

TriplePoint Venture Growth BDC Trading Up 0.3%

TriplePoint Venture Growth BDC stock traded up $0.02 during midday trading on Tuesday, hitting $6.58. 77,442 shares of the stock were exchanged, compared to its average volume of 342,119. The stock’s 50-day simple moving average is $6.30 and its 200 day simple moving average is $6.35. TriplePoint Venture Growth BDC Corp. has a fifty-two week low of $5.24 and a fifty-two week high of $8.20. The stock has a market capitalization of $265.83 million, a price-to-earnings ratio of 7.74 and a beta of 1.35.

TriplePoint Venture Growth BDC (NYSE:TPVGGet Free Report) last announced its quarterly earnings results on Wednesday, November 5th. The investment management company reported $0.26 EPS for the quarter, missing the consensus estimate 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 business had revenue of $22.66 million during the quarter, compared to analyst estimates of $24.22 million. Equities analysts anticipate that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TPVG. Piper Sandler dropped their price objective on 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. Wall Street Zen raised TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. 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 report on Tuesday, October 14th. Zacks Research raised TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research report on Monday, December 29th. Five investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $6.25.

View Our Latest Research Report on TPVG

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. purchased a new stake in TriplePoint Venture Growth BDC during the second quarter valued at about $26,000. Advisory Services Network LLC acquired a new position in shares of TriplePoint Venture Growth BDC during the third quarter worth about $33,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of TriplePoint Venture Growth BDC in the second quarter worth about $35,000. Bluefin Capital Management LLC purchased a new stake in shares of TriplePoint Venture Growth BDC in the second quarter worth about $105,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of TriplePoint Venture Growth BDC in the second quarter valued at about $131,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

TriplePoint Venture Growth BDC Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for TriplePoint Venture Growth BDC (NYSE:TPVG)

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