Sajal Srivastava Buys 30,000 Shares of TriplePoint Venture Growth BDC (NYSE:TPVG) Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava bought 30,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was bought at an average cost of $6.46 per share, for a total transaction of $193,800.00. Following the completion of the transaction, the insider directly owned 1,474,034 shares of the company’s stock, valued at approximately $9,522,259.64. The trade was a 2.08% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Friday, December 12th, Sajal Srivastava purchased 19,919 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost 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 bought at an average cost of $6.69 per share, for a total transaction of $164,507.10.
• On Wednesday, December 10th, Sajal Srivastava purchased 27,200 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price 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 shares were bought at an average cost of $6.81 per share, with a total value of $325,116.21.
• On Thursday, December 4th, Sajal Srivastava acquired 47,713 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price 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 stock was purchased at an average price of $6.57 per share, for a total transaction of $157,680.00.
• On Monday, December 1st, Sajal Srivastava purchased 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.40 per share, with a total value of $320,000.00.
• On Monday, November 24th, Sajal Srivastava purchased 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.31 per share, with a total value of $315,500.00.
• On Friday, November 21st, Sajal Srivastava acquired 39,760 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 $250,488.00.
• On Thursday, November 20th, Sajal Srivastava acquired 42,999 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.28 per share, for a total transaction of $270,033.72.

TriplePoint Venture Growth BDC Stock Performance

Shares of NYSE:TPVG opened at $6.18 on Thursday. The stock has a 50-day simple moving average of $5.98 and a 200-day simple moving average of $6.43. The stock has a market capitalization of $249.47 million, a P/E ratio of 7.26 and a beta of 1.35. 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 the consensus estimate of $0.29 by ($0.03). The business had revenue of $22.66 million during the quarter, compared to analysts’ expectations of $24.22 million. TriplePoint Venture Growth BDC had a net margin of 36.02% and a return on equity of 12.88%. 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be issued a dividend of $0.23 per share. The ex-dividend date is Tuesday, December 16th. This represents a $0.92 annualized dividend and a dividend yield of 14.9%. TriplePoint Venture Growth BDC’s payout ratio is presently 108.24%.

Institutional Trading of TriplePoint Venture Growth BDC

Hedge funds and other institutional investors have recently modified their holdings of the business. Nomura Asset Management Co. Ltd. acquired a new position in shares of TriplePoint Venture Growth BDC in the second quarter worth about $26,000. Quarry LP increased its holdings 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 worth $33,000 after purchasing an additional 1,629 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of TriplePoint Venture Growth BDC in the 2nd quarter valued at approximately $35,000. Advisory Services Network LLC purchased a new position in shares of TriplePoint Venture Growth BDC during the 3rd quarter valued at approximately $33,000. Finally, HighTower Advisors LLC purchased a new position in shares of TriplePoint Venture Growth BDC during the 1st quarter valued at approximately $72,000. 12.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TPVG has been the subject of a number of research reports. Piper Sandler decreased their price target on shares of TriplePoint Venture Growth BDC from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, October 9th. Wall Street Zen upgraded TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Zacks Research raised TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a report on Monday. Finally, UBS Group reduced their price target on TriplePoint Venture Growth BDC from $6.50 to $5.50 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Five analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $6.25.

TriplePoint Venture Growth BDC Company Profile

TriplePoint Venture Growth BDC Corp. is a business development company specializing investments in venture capital-backed companies at the growth stage investments. It also provides debt financing to venture growth space companies which includes growth capital loans, secured and customized loans, equipment financings, revolving loans and direct equity investments.