Sajal Srivastava Buys 34,000 Shares of TriplePoint Venture Growth BDC (NYSE:TPVG) Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava acquired 34,000 shares of TriplePoint Venture Growth BDC stock in a transaction on Tuesday, January 6th. The stock was acquired at an average price of $6.61 per share, with a total value of $224,740.00. Following the purchase, the insider directly owned 1,910,980 shares in the company, valued at approximately $12,631,577.80. This trade represents a 1.81% increase in their ownership of the stock. The transaction 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 Monday, January 5th, Sajal Srivastava bought 40,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired 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 shares were bought at an average cost 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 stock was acquired at an average price of $6.55 per share, for a total transaction of $199,506.45.
• On Tuesday, December 30th, Sajal Srivastava acquired 25,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.45 per share, for a total transaction of $161,250.00.
• On Monday, December 29th, Sajal Srivastava bought 27,410 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price 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 cost of $6.30 per share, with a total value 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 price 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.
• On Monday, December 22nd, Sajal Srivastava bought 26,900 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost 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 shares were purchased at an average cost of $6.25 per share, with a total value of $181,250.00.

TriplePoint Venture Growth BDC Stock Performance

TPVG traded down $0.20 during midday trading on Wednesday, hitting $6.41. The stock had a trading volume of 400,880 shares, compared to its average volume of 439,441. TriplePoint Venture Growth BDC Corp. has a 1 year low of $5.24 and a 1 year high of $8.20. The business has a fifty day moving average of $6.24 and a 200 day moving average of $6.36. The company has a market cap of $258.76 million, a P/E ratio of 7.54 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 analysts’ consensus estimates 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%. On average, equities research analysts anticipate 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 announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 14.4%. The ex-dividend date of this dividend was Tuesday, December 16th. TriplePoint Venture Growth BDC’s payout ratio is 108.24%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Two Sigma Investments LP grew its holdings in shares of TriplePoint Venture Growth BDC by 58.6% during the third quarter. Two Sigma Investments LP now owns 612,727 shares of the investment management company’s stock valued at $3,535,000 after buying an additional 226,479 shares during the last quarter. Marshall Wace LLP lifted its position in TriplePoint Venture Growth BDC by 44.9% in the 2nd quarter. Marshall Wace LLP now owns 529,201 shares of the investment management company’s stock valued at $3,710,000 after acquiring an additional 163,916 shares in the last quarter. Meridian Wealth Management LLC purchased a new stake in TriplePoint Venture Growth BDC during the 3rd quarter valued at $173,000. Aquatic Capital Management LLC increased its holdings in shares of 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 purchasing an additional 29,427 shares in the last quarter. Finally, Brevan Howard Capital Management LP bought a new stake in shares of TriplePoint Venture Growth BDC in the 3rd quarter worth $165,000. 12.77% of the stock is owned by hedge funds and other institutional investors.

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.