Sajal Srivastava Buys 23,799 Shares of TriplePoint Venture Growth BDC (NYSE:TPVG) Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava bought 23,799 shares of TriplePoint Venture Growth BDC stock in a transaction that occurred on Monday, January 12th. The stock was purchased at an average cost of $6.66 per share, for a total transaction of $158,501.34. Following the purchase, the insider owned 1,998,489 shares of the company’s stock, valued at $13,309,936.74. The trade was a 1.21% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, January 9th, Sajal Srivastava purchased 16,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.56 per share, with a total value of $104,960.00.
• On Thursday, January 8th, Sajal Srivastava acquired 16,833 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.61 per share, with a total value of $111,266.13.
• On Wednesday, January 7th, Sajal Srivastava acquired 30,877 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.43 per share, for a total transaction of $198,539.11.
• On Tuesday, January 6th, Sajal Srivastava acquired 34,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.61 per share, for a total transaction of $224,740.00.
• On Monday, January 5th, Sajal Srivastava bought 40,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.70 per share, with a total value of $268,000.00.
• On Friday, January 2nd, Sajal Srivastava bought 27,153 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.60 per share, with a total value of $179,209.80.
• On Wednesday, December 31st, Sajal Srivastava purchased 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 purchased 25,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.45 per share, for a total transaction of $161,250.00.
• On Monday, December 29th, Sajal Srivastava acquired 27,410 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price 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 acquired at an average cost of $6.30 per share, with a total value of $199,080.00.

TriplePoint Venture Growth BDC Stock Up 0.3%

Shares of NYSE:TPVG opened at $6.65 on Thursday. The stock has a market cap of $268.66 million, a PE ratio of 7.82 and a beta of 1.35. The company’s fifty day moving average is $6.35 and its 200 day moving average is $6.35. TriplePoint Venture Growth BDC Corp. has a 52 week low of $5.24 and a 52 week 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.03). TriplePoint Venture Growth BDC had a net margin of 36.02% and a return on equity of 12.88%. The business had revenue of $22.66 million for the quarter, compared to analysts’ expectations of $24.22 million. Sell-side analysts anticipate that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current year.

Hedge Funds Weigh In On TriplePoint Venture Growth BDC

A number of hedge funds and other institutional investors have recently made changes to their positions in TPVG. Jane Street Group LLC lifted its stake in TriplePoint Venture Growth BDC by 28.1% in the first quarter. Jane Street Group LLC now owns 67,693 shares of the investment management company’s stock worth $472,000 after acquiring an additional 14,865 shares during the period. U.S. Capital Wealth Advisors LLC raised its holdings in TriplePoint Venture Growth BDC by 23.2% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 40,380 shares of the investment management company’s stock worth $283,000 after purchasing an additional 7,600 shares in the last quarter. Norden Group LLC lifted its position in shares of TriplePoint Venture Growth BDC by 36.4% in the 2nd quarter. Norden Group LLC now owns 56,848 shares of the investment management company’s stock worth $399,000 after purchasing an additional 15,160 shares during the period. Kovack Advisors Inc. lifted its position in shares of TriplePoint Venture Growth BDC by 10.5% in the 2nd quarter. Kovack Advisors Inc. now owns 50,319 shares of the investment management company’s stock worth $353,000 after purchasing an additional 4,800 shares during the period. Finally, Ethos Financial Group LLC boosted its stake in shares of TriplePoint Venture Growth BDC by 84.9% during the 2nd quarter. Ethos Financial Group LLC now owns 46,627 shares of the investment management company’s stock valued at $327,000 after purchasing an additional 21,411 shares in the last quarter. Institutional investors own 12.77% of the company’s stock.

Analyst Ratings Changes

TPVG has been the topic of a number of analyst reports. Wall Street Zen raised TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. 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. Weiss Ratings raised shares of TriplePoint Venture Growth BDC from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. UBS Group lowered their price target on shares of TriplePoint Venture Growth BDC from $6.50 to $5.50 and set a “neutral” rating for the company in a report on Tuesday, October 14th. Finally, Piper Sandler cut 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 report on Thursday, October 9th. Six analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, TriplePoint Venture Growth BDC currently has a consensus 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.