TriplePoint Venture Growth BDC (NYSE:TPVG) Insider Sajal Srivastava Purchases 30,459 Shares of Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava acquired 30,459 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The stock was acquired at an average cost of $6.55 per share, with a total value of $199,506.45. Following the completion of the acquisition, the insider owned 1,809,827 shares in the company, valued at $11,854,366.85. This trade represents a 1.71% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, January 2nd, Sajal Srivastava bought 27,153 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.60 per share, for a total transaction of $179,209.80.
• On Tuesday, December 30th, Sajal Srivastava bought 25,000 shares of TriplePoint Venture Growth BDC stock. The shares were 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 stock was bought 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 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 shares were bought at an average cost 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 stock was bought at an average price of $6.29 per share, with a total value of $200,713.90.
• On Monday, December 22nd, Sajal Srivastava purchased 26,900 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.29 per share, for a total transaction of $169,201.00.
• On Friday, December 19th, Sajal Srivastava purchased 29,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.25 per share, for a total transaction of $181,250.00.
• On Thursday, December 18th, Sajal Srivastava bought 25,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.30 per share, for a total transaction of $157,500.00.
• On Wednesday, December 17th, Sajal Srivastava purchased 27,900 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.19 per share, with a total value of $172,701.00.

TriplePoint Venture Growth BDC Stock Performance

TriplePoint Venture Growth BDC stock opened at $6.67 on Tuesday. TriplePoint Venture Growth BDC Corp. has a fifty-two week low of $5.24 and a fifty-two week high of $8.20. The firm’s fifty day moving average price is $6.20 and its 200-day moving average price is $6.36. The stock has a market cap of $269.27 million, a P/E ratio of 7.84 and a beta of 1.35.

TriplePoint Venture Growth BDC (NYSE:TPVG) last announced its earnings results 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). The business had revenue of $22.66 million during 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%. Sell-side 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 business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 13.8%. The ex-dividend date of this dividend was Tuesday, December 16th. TriplePoint Venture Growth BDC’s payout ratio is currently 108.24%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Zacks Research upgraded shares of TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Piper Sandler decreased their price objective on TriplePoint Venture Growth BDC from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Thursday, October 9th. UBS Group decreased their target price 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 restated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research note on Monday, December 29th. Finally, Wall Street Zen raised TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Five analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $6.25.

Institutional Trading of TriplePoint Venture Growth BDC

Several hedge funds and other institutional investors have recently made changes to their positions in TPVG. Quarry LP increased its position in TriplePoint Venture Growth BDC by 53.6% during the 1st quarter. Quarry LP now owns 4,669 shares of the investment management company’s stock valued at $33,000 after buying an additional 1,629 shares in the last quarter. PharVision Advisers LLC raised its position in shares of TriplePoint Venture Growth BDC by 15.7% in the 1st quarter. PharVision Advisers LLC now owns 13,193 shares of the investment management company’s stock worth $92,000 after purchasing an additional 1,789 shares during the last quarter. Kovack Advisors Inc. boosted its stake in TriplePoint Venture Growth BDC by 4.4% in the 3rd quarter. Kovack Advisors Inc. now owns 52,519 shares of the investment management company’s stock worth $303,000 after purchasing an additional 2,200 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its position in TriplePoint Venture Growth BDC by 6.4% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 42,980 shares of the investment management company’s stock valued at $248,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Verition Fund Management LLC increased its stake in TriplePoint Venture Growth BDC by 14.1% during the 3rd quarter. Verition Fund Management LLC now owns 22,677 shares of the investment management company’s stock valued at $131,000 after purchasing an additional 2,800 shares in the last quarter. Hedge funds and other institutional investors own 12.77% of the company’s stock.

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.