TriplePoint Venture Growth BDC (NYSE:TPVG) Insider Sajal Srivastava Buys 29,000 Shares

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava acquired 29,000 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The shares were acquired at an average cost of $6.25 per share, for a total transaction of $181,250.00. Following the purchase, the insider directly owned 1,594,978 shares in the company, valued at $9,968,612.50. This trade represents a 1.85% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, December 18th, Sajal Srivastava purchased 25,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.30 per share, for a total transaction of $157,500.00.
• On Wednesday, December 17th, Sajal Srivastava acquired 27,900 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.19 per share, for a total transaction of $172,701.00.
• On Tuesday, December 16th, Sajal Srivastava purchased 39,044 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.18 per share, for a total transaction of $241,291.92.
• On Monday, December 15th, Sajal Srivastava bought 30,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.46 per share, for a total transaction of $193,800.00.
• On Friday, December 12th, Sajal Srivastava bought 19,919 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.64 per share, for a total transaction of $132,262.16.
• On Thursday, December 11th, Sajal Srivastava purchased 24,590 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.69 per share, with a total value of $164,507.10.
• On Wednesday, December 10th, Sajal Srivastava purchased 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 purchased 47,741 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.81 per share, for a total transaction of $325,116.21.
• On Thursday, December 4th, Sajal Srivastava acquired 47,713 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.62 per share, for a total transaction of $315,860.06.
• On Wednesday, December 3rd, Sajal Srivastava acquired 24,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.57 per share, with a total value of $157,680.00.

TriplePoint Venture Growth BDC Trading Up 1.2%

NYSE:TPVG opened at $6.26 on Tuesday. 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 Corp. has a 1-year low of $5.24 and a 1-year high of $8.20. The firm has a fifty day simple moving average of $6.04 and a 200 day simple moving average of $6.41.

TriplePoint Venture Growth BDC (NYSE:TPVG) last posted its quarterly 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 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, equities analysts predict 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 14.7%. The ex-dividend date of this dividend is Tuesday, December 16th. TriplePoint Venture Growth BDC’s dividend payout ratio is presently 108.24%.

Institutional Trading of TriplePoint Venture Growth BDC

Several hedge funds have recently added to or reduced their stakes in TPVG. Two Sigma Investments LP boosted its stake in TriplePoint Venture Growth BDC by 58.6% in the 3rd quarter. Two Sigma Investments LP now owns 612,727 shares of the investment management company’s stock valued at $3,535,000 after purchasing an additional 226,479 shares during the period. Marshall Wace LLP lifted its holdings in shares of TriplePoint Venture Growth BDC by 44.9% during the second quarter. Marshall Wace LLP now owns 529,201 shares of the investment management company’s stock worth $3,710,000 after buying an additional 163,916 shares in the last quarter. Legal & General Group Plc boosted its position in shares of TriplePoint Venture Growth BDC by 4.5% in the second quarter. Legal & General Group Plc now owns 276,451 shares of the investment management company’s stock valued at $1,935,000 after acquiring an additional 11,965 shares during the period. Samalin Investment Counsel LLC boosted its position in shares of 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 valued at $649,000 after acquiring an additional 10,730 shares during the period. Finally, Jane Street Group LLC grew its stake in shares of TriplePoint Venture Growth BDC by 7.3% in the second quarter. Jane Street Group LLC now owns 72,663 shares of the investment management company’s stock valued at $509,000 after acquiring an additional 4,970 shares in the last quarter. 12.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TPVG. Weiss Ratings reissued a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research report on Monday, December 15th. UBS Group reduced 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. Wall Street Zen upgraded TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Zacks Research raised TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Finally, Piper Sandler reduced their price objective on shares of TriplePoint Venture Growth BDC from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, October 9th. Five investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $6.25.

Trending Headlines about TriplePoint Venture Growth BDC

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

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.