Sajal Srivastava Buys 30,877 Shares of TriplePoint Venture Growth BDC (NYSE:TPVG) Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava acquired 30,877 shares of the business’s stock in a transaction on Wednesday, January 7th. The stock was purchased at an average price of $6.43 per share, for a total transaction of $198,539.11. Following the acquisition, the insider directly owned 1,941,857 shares in the company, valued at $12,486,140.51. This represents a 1.62% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, January 8th, Sajal Srivastava bought 16,833 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.61 per share, with a total value of $111,266.13.
• On Tuesday, January 6th, Sajal Srivastava bought 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 acquired at an average cost of $6.70 per share, with a total value of $268,000.00.
• On Friday, January 2nd, Sajal Srivastava acquired 27,153 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.60 per share, with a total value of $179,209.80.
• On Wednesday, December 31st, Sajal Srivastava acquired 30,459 shares of TriplePoint Venture Growth BDC stock. The shares were acquired 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 shares were acquired at an average price of $6.45 per share, with a total value of $161,250.00.
• On Monday, December 29th, Sajal Srivastava purchased 27,410 shares of TriplePoint Venture Growth BDC stock. The shares were bought 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 price of $6.30 per share, with a total value of $199,080.00.
• On Wednesday, December 24th, Sajal Srivastava purchased 26,756 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.30 per share, for a total transaction of $168,562.80.
• On Tuesday, December 23rd, Sajal Srivastava acquired 31,910 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.29 per share, with a total value of $200,713.90.

TriplePoint Venture Growth BDC Stock Performance

TPVG opened at $6.62 on Friday. The company has a market capitalization of $267.25 million, a P/E ratio of 7.78 and a beta of 1.35. The company has a 50-day moving average of $6.28 and a 200-day moving average of $6.36. TriplePoint Venture Growth BDC Corp. has a 1-year low of $5.24 and a 1-year high of $8.20.

TriplePoint Venture Growth BDC (NYSE:TPVG) last posted its quarterly earnings results on Wednesday, November 5th. The investment management company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). The firm had revenue of $22.66 million during 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%. As a group, sell-side 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 company also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 13.9%. The ex-dividend date was Tuesday, December 16th. TriplePoint Venture Growth BDC’s payout ratio is 108.24%.

Institutional Trading of TriplePoint Venture Growth BDC

Several hedge funds have recently bought and sold shares of the company. Two Sigma Investments LP grew its position 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 worth $3,535,000 after purchasing an additional 226,479 shares during the last quarter. Marshall Wace LLP raised 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 valued at $3,710,000 after buying an additional 163,916 shares during the last quarter. Legal & General Group Plc boosted its position in shares of TriplePoint Venture Growth BDC by 4.5% during the second quarter. Legal & General Group Plc now owns 276,451 shares of the investment management company’s stock worth $1,935,000 after buying an additional 11,965 shares during the period. Samalin Investment Counsel LLC grew its holdings in TriplePoint Venture Growth BDC by 13.1% in the 2nd quarter. Samalin Investment Counsel LLC now owns 92,636 shares of the investment management company’s stock worth $649,000 after buying an additional 10,730 shares in the last quarter. Finally, Jane Street Group LLC increased its position in TriplePoint Venture Growth BDC by 7.3% in the 2nd 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 during the period. 12.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on TPVG. Zacks Research raised shares of TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Piper Sandler reduced their price target on shares of TriplePoint Venture Growth BDC from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, October 9th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a report on Monday, December 29th. Wall Street Zen upgraded shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Finally, UBS Group cut 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 report on Tuesday, October 14th. Five analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $6.25.

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.