TriplePoint Venture Growth BDC (NYSE:TPVG) Insider Sajal Srivastava Buys 30,459 Shares

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava bought 30,459 shares of the stock in a transaction on Wednesday, December 31st. The shares were purchased at an average price of $6.55 per share, with a total value of $199,506.45. Following the acquisition, the insider owned 1,809,827 shares in the company, valued at approximately $11,854,366.85. This represents a 1.71% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Friday, January 2nd, Sajal Srivastava purchased 27,153 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.60 per share, for a total transaction of $179,209.80.
• On Tuesday, December 30th, Sajal Srivastava acquired 25,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.45 per share, with a total value of $161,250.00.
• On Monday, December 29th, Sajal Srivastava bought 27,410 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.34 per share, for a total transaction of $173,779.40.
• On Friday, December 26th, Sajal Srivastava bought 31,600 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 $199,080.00.
• On Wednesday, December 24th, Sajal Srivastava purchased 26,756 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.30 per share, with a total value of $168,562.80.
• On Tuesday, December 23rd, Sajal Srivastava acquired 31,910 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.29 per share, for a total transaction of $200,713.90.
• On Monday, December 22nd, Sajal Srivastava bought 26,900 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.29 per share, with a total value of $169,201.00.
• On Friday, December 19th, Sajal Srivastava bought 29,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.25 per share, with a total value of $181,250.00.
• On Thursday, December 18th, Sajal Srivastava purchased 25,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.30 per share, for a total transaction of $157,500.00.
• 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.

TriplePoint Venture Growth BDC Stock Up 0.4%

Shares of NYSE:TPVG traded up $0.03 during midday trading on Monday, reaching $6.67. The company had a trading volume of 483,619 shares, compared to its average volume of 429,243. TriplePoint Venture Growth BDC Corp. has a 1-year low of $5.24 and a 1-year high of $8.20. The stock has a market cap of $269.27 million, a PE ratio of 7.84 and a beta of 1.35. The business’s 50 day moving average price is $6.20 and its 200 day moving average price is $6.36.

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 for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). The company had revenue of $22.66 million during the quarter, compared to the consensus estimate 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, research 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 announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 13.8%. The ex-dividend date was Tuesday, December 16th. TriplePoint Venture Growth BDC’s payout ratio is presently 108.24%.

Institutional Investors Weigh In On TriplePoint Venture Growth BDC

Hedge funds have recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. bought a new stake in shares of TriplePoint Venture Growth BDC during the second quarter worth approximately $26,000. Quarry LP boosted its stake in TriplePoint Venture Growth BDC by 53.6% in the 1st quarter. Quarry LP now owns 4,669 shares of the investment management company’s stock valued at $33,000 after purchasing an additional 1,629 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in TriplePoint Venture Growth BDC in the 2nd quarter valued at $35,000. Advisory Services Network LLC acquired a new position in TriplePoint Venture Growth BDC in the 3rd quarter valued at $33,000. Finally, PharVision Advisers LLC increased its position in TriplePoint Venture Growth BDC by 15.7% during the 1st quarter. PharVision Advisers LLC now owns 13,193 shares of the investment management company’s stock worth $92,000 after buying an additional 1,789 shares during the period. 12.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on TPVG shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research note 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. Piper Sandler reduced their price target 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. Zacks Research upgraded TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Finally, UBS Group cut their price objective on TriplePoint Venture Growth BDC from $6.50 to $5.50 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Five investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, TriplePoint Venture Growth BDC 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.