TriplePoint Venture Growth BDC (NYSE:TPVG) Insider Buys $157,500.00 in Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava bought 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The stock was bought at an average price of $6.30 per share, with a total value of $157,500.00. Following the transaction, the insider directly owned 1,565,978 shares in the company, valued at $9,865,661.40. This represents a 1.62% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Friday, December 19th, Sajal Srivastava purchased 29,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.25 per share, for a total transaction of $181,250.00.
• On Wednesday, December 17th, Sajal Srivastava acquired 27,900 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.19 per share, with a total value of $172,701.00.
• On Tuesday, December 16th, Sajal Srivastava acquired 39,044 shares of TriplePoint Venture Growth BDC stock. The shares were bought 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 shares were purchased 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 stock was purchased at an average price of $6.64 per share, with a total value of $132,262.16.
• On Thursday, December 11th, Sajal Srivastava purchased 24,590 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.69 per share, with a total value of $164,507.10.
• On Wednesday, December 10th, Sajal Srivastava acquired 27,200 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.78 per share, for a total transaction of $184,416.00.
• On Friday, December 5th, Sajal Srivastava acquired 47,741 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.81 per share, with a total value of $325,116.21.
• On Thursday, December 4th, Sajal Srivastava bought 47,713 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.62 per share, with a total value of $315,860.06.
• On Wednesday, December 3rd, Sajal Srivastava bought 24,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.57 per share, for a total transaction of $157,680.00.

TriplePoint Venture Growth BDC Trading Up 0.8%

Shares of NYSE TPVG opened at $6.30 on Thursday. TriplePoint Venture Growth BDC Corp. has a twelve month low of $5.24 and a twelve month high of $8.20. The firm has a 50-day moving average of $6.07 and a two-hundred day moving average of $6.40. The company has a market capitalization of $254.52 million, a price-to-earnings ratio of 7.41 and a beta of 1.35.

TriplePoint Venture Growth BDC (NYSE:TPVG) last announced its quarterly earnings data 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 analyst estimates of $24.22 million. As a group, research analysts predict that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current year.

TriplePoint Venture Growth BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 14.6%. The ex-dividend date is Tuesday, December 16th. TriplePoint Venture Growth BDC’s dividend payout ratio is 108.24%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. UBS Group decreased their target price on 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. Wall Street Zen upgraded TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Zacks Research upgraded 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 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 note on Thursday, October 9th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research report on Monday. Five research 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 has an average rating of “Reduce” and an average target price of $6.25.

Hedge Funds Weigh In On TriplePoint Venture Growth BDC

Several institutional investors and hedge funds have recently bought and sold shares of TPVG. Two Sigma Investments LP increased its holdings in shares of 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 grew its position in 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 purchasing an additional 163,916 shares in the last quarter. Meridian Wealth Management LLC acquired a new position in TriplePoint Venture Growth BDC in the 3rd quarter valued at approximately $173,000. Aquatic Capital Management LLC lifted its position in TriplePoint Venture Growth BDC by 251.3% in the 3rd quarter. Aquatic Capital Management LLC now owns 41,137 shares of the investment management company’s stock worth $237,000 after buying an additional 29,427 shares in the last quarter. Finally, Brevan Howard Capital Management LP purchased a new stake in TriplePoint Venture Growth BDC in the 3rd quarter worth approximately $165,000. Hedge funds and other institutional investors own 12.77% of the company’s 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.