TriplePoint Venture Growth BDC (NYSE:TPVG) Insider Sajal Srivastava Buys 27,153 Shares of Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava purchased 27,153 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were bought at an average price of $6.60 per share, for a total transaction of $179,209.80. Following the completion of the transaction, the insider directly owned 1,836,980 shares in the company, valued at approximately $12,124,068. This trade represents a 1.50% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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, with a total value 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 purchased 27,410 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.34 per share, with a total value of $173,779.40.
• On Friday, December 26th, Sajal Srivastava acquired 31,600 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 $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 price of $6.30 per share, for a total transaction of $168,562.80.
• On Tuesday, December 23rd, Sajal Srivastava bought 31,910 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.29 per share, with a total value of $200,713.90.
• On Monday, December 22nd, Sajal Srivastava bought 26,900 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.29 per share, with a total value of $169,201.00.
• On Friday, December 19th, Sajal Srivastava purchased 29,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.25 per share, for a total transaction of $181,250.00.
• On Thursday, December 18th, Sajal Srivastava acquired 25,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.30 per share, with a total value 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 cost of $6.19 per share, with a total value of $172,701.00.

TriplePoint Venture Growth BDC Price Performance

Shares of TriplePoint Venture Growth BDC stock opened at $6.67 on Tuesday. TriplePoint Venture Growth BDC Corp. has a 1-year low of $5.24 and a 1-year high of $8.20. The business’s fifty day moving average price is $6.20 and its two-hundred day moving average price is $6.36. The company has a market capitalization of $269.27 million, a P/E ratio of 7.84 and a beta of 1.35.

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 (EPS) for the quarter, missing the consensus estimate 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, 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 announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $0.92 annualized dividend and a yield of 13.8%. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is presently 108.24%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TPVG shares. UBS Group lowered their price objective on shares of TriplePoint Venture Growth BDC from $6.50 to $5.50 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. Weiss Ratings reiterated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research report on Monday, December 29th. Piper Sandler cut their price objective 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. Zacks Research raised TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Finally, Wall Street Zen upgraded shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Five research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $6.25.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TPVG. Nomura Asset Management Co. Ltd. acquired a new stake in shares of TriplePoint Venture Growth BDC during the second quarter valued at approximately $26,000. Quarry LP boosted its stake in TriplePoint Venture Growth BDC by 53.6% in the 1st quarter. Quarry LP now owns 4,669 shares of the investment management company’s stock worth $33,000 after purchasing an additional 1,629 shares during the period. Advisory Services Network LLC purchased a new position in TriplePoint Venture Growth BDC during the 3rd quarter worth approximately $33,000. Northwestern Mutual Wealth Management Co. acquired a new stake in TriplePoint Venture Growth BDC during the 2nd quarter valued at $35,000. Finally, PharVision Advisers LLC lifted its holdings in shares of TriplePoint Venture Growth BDC by 15.7% in the first quarter. PharVision Advisers LLC now owns 13,193 shares of the investment management company’s stock valued at $92,000 after purchasing an additional 1,789 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.