Insider Buying: TriplePoint Venture Growth BDC (NYSE:TPVG) Insider Buys 24,000 Shares of Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava purchased 24,000 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were acquired at an average price of $6.57 per share, for a total transaction of $157,680.00. Following the completion of the acquisition, the insider directly owned 1,222,766 shares in the company, valued at approximately $8,033,572.62. This represents a 2.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Thursday, December 4th, Sajal Srivastava acquired 47,713 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.62 per share, with a total value of $315,860.06.
• On Monday, December 1st, Sajal Srivastava bought 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.40 per share, for a total transaction of $320,000.00.
• On Monday, November 24th, Sajal Srivastava purchased 50,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.31 per share, with a total value of $315,500.00.
• On Friday, November 21st, Sajal Srivastava purchased 39,760 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.30 per share, with a total value of $250,488.00.
• On Thursday, November 20th, Sajal Srivastava acquired 42,999 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.28 per share, for a total transaction of $270,033.72.
• On Wednesday, November 19th, Sajal Srivastava acquired 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.19 per share, for a total transaction of $309,500.00.
• On Tuesday, November 18th, Sajal Srivastava bought 27,439 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.06 per share, with a total value of $166,280.34.
• On Monday, November 17th, Sajal Srivastava bought 44,648 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.06 per share, with a total value of $270,566.88.
• On Friday, November 14th, Sajal Srivastava purchased 46,700 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $5.99 per share, for a total transaction of $279,733.00.
• On Wednesday, November 12th, Sajal Srivastava purchased 50,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $5.95 per share, for a total transaction of $297,500.00.

TriplePoint Venture Growth BDC Stock Performance

Shares of NYSE TPVG traded up $0.17 during midday trading on Friday, hitting $6.81. 287,552 shares of the stock traded hands, compared to its average volume of 325,144. The company has a market cap of $275.12 million, a PE ratio of 8.01 and a beta of 1.35. TriplePoint Venture Growth BDC Corp. has a one year low of $5.24 and a one year high of $8.33. The business has a 50 day moving average price of $5.83 and a two-hundred day moving average price of $6.45.

TriplePoint Venture Growth BDC (NYSE:TPVG) last issued its earnings results 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). TriplePoint Venture Growth BDC had a return on equity of 12.88% and a net margin of 36.02%.The firm had revenue of $22.66 million during the quarter, compared to the consensus estimate of $24.22 million. As a group, equities research analysts forecast that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current fiscal year.

TriplePoint Venture Growth BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 13.5%. The ex-dividend date of this dividend is Tuesday, December 16th. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is 108.24%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TPVG shares. UBS Group decreased their target price on shares of 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. Piper Sandler cut their price target on 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. Zacks Research lowered TriplePoint Venture Growth BDC from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Wall Street Zen downgraded TriplePoint Venture Growth BDC from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research report on Monday. Four equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, TriplePoint Venture Growth BDC has an average rating of “Reduce” and a consensus price target of $6.25.

Institutional Investors Weigh In On TriplePoint Venture Growth BDC

Large investors have recently made changes to their positions in the business. Advisory Services Network LLC bought a new stake in shares of TriplePoint Venture Growth BDC during the 3rd quarter worth $33,000. CANADA LIFE ASSURANCE Co increased its holdings in TriplePoint Venture Growth BDC by 35.5% during the third quarter. CANADA LIFE ASSURANCE Co now owns 51,515 shares of the investment management company’s stock worth $296,000 after buying an additional 13,490 shares during the last quarter. Verition Fund Management LLC raised its position in TriplePoint Venture Growth BDC by 14.1% in the third quarter. Verition Fund Management LLC now owns 22,677 shares of the investment management company’s stock worth $131,000 after acquiring an additional 2,800 shares during the period. Millennium Management LLC purchased a new position in TriplePoint Venture Growth BDC in the third quarter valued at about $134,000. Finally, Brevan Howard Capital Management LP purchased a new stake in shares of TriplePoint Venture Growth BDC during the 3rd quarter worth approximately $165,000. 12.77% of the stock is owned by hedge funds and other institutional investors.

About TriplePoint Venture Growth BDC

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.