TriplePoint Venture Growth BDC (NYSE:TPVG) Insider Sajal Srivastava Acquires 25,000 Shares

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava purchased 25,000 shares of the stock in a transaction dated Thursday, December 18th. The shares were acquired at an average price of $6.30 per share, with a total value of $157,500.00. Following the completion of the acquisition, the insider owned 1,565,978 shares in the company, valued at approximately $9,865,661.40. This trade represents a 1.62% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, December 19th, Sajal Srivastava acquired 29,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.25 per share, for a total transaction of $181,250.00.
• On Wednesday, December 17th, Sajal Srivastava bought 27,900 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.19 per share, for a total transaction of $172,701.00.
• On Tuesday, December 16th, Sajal Srivastava bought 39,044 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.18 per share, with a total value of $241,291.92.
• On Monday, December 15th, Sajal Srivastava purchased 30,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.46 per share, with a total value of $193,800.00.
• On Friday, December 12th, Sajal Srivastava purchased 19,919 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.64 per share, for a total transaction of $132,262.16.
• On Thursday, December 11th, Sajal Srivastava acquired 24,590 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.69 per share, for a total transaction of $164,507.10.
• On Wednesday, December 10th, Sajal Srivastava bought 27,200 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.78 per share, with a total value of $184,416.00.
• On Friday, December 5th, Sajal Srivastava bought 47,741 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.81 per share, for a total transaction of $325,116.21.
• On Thursday, December 4th, Sajal Srivastava purchased 47,713 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.62 per share, for a total transaction of $315,860.06.
• On Wednesday, December 3rd, Sajal Srivastava purchased 24,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.57 per share, with a total value of $157,680.00.

TriplePoint Venture Growth BDC Trading Up 1.2%

Shares of NYSE TPVG opened at $6.26 on Tuesday. TriplePoint Venture Growth BDC Corp. has a twelve month low of $5.24 and a twelve month high of $8.20. The stock has a fifty day simple moving average of $6.04 and a 200-day simple moving average of $6.41. The stock has a market capitalization of $252.70 million, a PE ratio of 7.36 and a beta of 1.35.

TriplePoint Venture Growth BDC (NYSE:TPVG) last posted its earnings results on Wednesday, November 5th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.03). The firm had revenue of $22.66 million for the quarter, compared to analyst estimates 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, equities analysts predict that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current year.

TriplePoint Venture Growth BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $0.92 annualized dividend and a dividend yield of 14.7%. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is presently 108.24%.

Key TriplePoint Venture Growth BDC News

Here are the key news stories impacting TriplePoint Venture Growth BDC this week:

• Positive Sentiment: CEO James Labe purchased 25,000 shares on Dec. 18 at $6.30 and 29,000 shares on Dec. 19 at $6.25, increasing his direct stake by about 1.62% then 1.85%. Total cash outlay across the two trades was ~$338,750. SEC filing: Read More.
• Positive Sentiment: Insider Sajal Srivastava made the same pair of purchases (25,000 on Dec. 18 at $6.30 and 29,000 on Dec. 19 at $6.25), similarly boosting his position by ~1.6–1.85% and spending ~$338,750. SEC filing: Read More.
• Positive Sentiment: Financial news outlets have picked up the insider activity, publishing summaries that may increase investor attention and trading volume. Insider Buying: TriplePoint Venture Growth BDC (NYSE:TPVG) CEO Acquires $172,701.00 in Stock Insider Buying: TriplePoint Venture Growth BDC (NYSE:TPVG) Insider Acquires $241,291.92 in Stock

Institutional Trading of TriplePoint Venture Growth BDC

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC acquired a new position in shares of TriplePoint Venture Growth BDC during the 3rd quarter worth about $33,000. CANADA LIFE ASSURANCE Co lifted its stake in TriplePoint Venture Growth BDC by 35.5% during the third quarter. CANADA LIFE ASSURANCE Co now owns 51,515 shares of the investment management company’s stock worth $296,000 after purchasing an additional 13,490 shares during the last quarter. Verition Fund Management LLC lifted its stake in TriplePoint Venture Growth BDC by 14.1% during the third quarter. Verition Fund Management LLC now owns 22,677 shares of the investment management company’s stock worth $131,000 after purchasing an additional 2,800 shares during the last quarter. Millennium Management LLC purchased a new position in TriplePoint Venture Growth BDC in the third quarter valued at approximately $134,000. Finally, Brevan Howard Capital Management LP purchased a new position in TriplePoint Venture Growth BDC in the third quarter valued at approximately $165,000. 12.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TPVG has been the topic of a number of research reports. Zacks Research upgraded shares of TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Wall Street Zen raised TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Piper Sandler decreased their target price 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. 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 research note on Tuesday, October 14th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research report on Monday, December 15th. 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, TriplePoint Venture Growth BDC presently has an average rating of “Reduce” and a consensus target price of $6.25.

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.