Insider Buying: TriplePoint Venture Growth BDC (NYSE:TPVG) Insider Purchases $320,000.00 in Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava bought 50,000 shares of the stock in a transaction dated Monday, December 1st. The stock was purchased at an average price of $6.40 per share, with a total value of $320,000.00. Following the acquisition, the insider directly owned 1,148,766 shares in the company, valued at approximately $7,352,102.40. The trade was a 4.55% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, December 4th, Sajal Srivastava purchased 47,713 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.62 per share, for a total transaction of $315,860.06.
• On Wednesday, December 3rd, Sajal Srivastava acquired 24,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.57 per share, for a total transaction of $157,680.00.
• On Monday, November 24th, Sajal Srivastava acquired 50,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.31 per share, with a total value of $315,500.00.
• On Friday, November 21st, Sajal Srivastava bought 39,760 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.30 per share, for a total transaction of $250,488.00.
• On Thursday, November 20th, Sajal Srivastava purchased 42,999 shares of TriplePoint Venture Growth BDC stock. The stock was acquired 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 acquired at an average price of $6.19 per share, with a total value of $309,500.00.
• On Tuesday, November 18th, Sajal Srivastava acquired 27,439 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.06 per share, for a total transaction of $166,280.34.
• On Monday, November 17th, Sajal Srivastava bought 44,648 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.06 per share, for a total transaction of $270,566.88.
• On Friday, November 14th, Sajal Srivastava bought 46,700 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $5.99 per share, with a total value of $279,733.00.
• On Wednesday, November 12th, Sajal Srivastava bought 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $5.95 per share, with a total value of $297,500.00.

TriplePoint Venture Growth BDC Price Performance

TPVG stock opened at $6.74 on Friday. TriplePoint Venture Growth BDC Corp. has a 12 month low of $5.24 and a 12 month high of $8.33. The firm’s 50-day moving average is $5.84 and its 200 day moving average is $6.44. The company has a market capitalization of $272.30 million, a PE ratio of 7.93 and a beta of 1.35.

TriplePoint Venture Growth BDC (NYSE:TPVG) last released 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). The company 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%. Sell-side 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 13.6%. The ex-dividend date is Tuesday, December 16th. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is presently 108.24%.

Hedge Funds Weigh In On TriplePoint Venture Growth BDC

A number of large investors have recently added to or reduced their stakes in TPVG. Two Sigma Investments LP boosted 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 buying an additional 226,479 shares in the last quarter. Marshall Wace LLP lifted 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 acquiring an additional 163,916 shares during the last quarter. Legal & General Group Plc boosted its stake in TriplePoint Venture Growth BDC by 4.5% in the second quarter. Legal & General Group Plc now owns 276,451 shares of the investment management company’s stock valued at $1,935,000 after acquiring an additional 11,965 shares in the last quarter. Townsquare Capital LLC grew its holdings in TriplePoint Venture Growth BDC by 20.6% in the first quarter. Townsquare Capital LLC now owns 102,318 shares of the investment management company’s stock worth $714,000 after purchasing an additional 17,445 shares during the last quarter. Finally, Samalin Investment Counsel LLC increased its position in shares of TriplePoint Venture Growth BDC by 13.1% during the second quarter. Samalin Investment Counsel LLC now owns 92,636 shares of the investment management company’s stock worth $649,000 after purchasing an additional 10,730 shares in the last quarter. 12.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TPVG shares. Zacks Research cut TriplePoint Venture Growth BDC from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Wall Street Zen raised shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research note on Saturday. Piper Sandler dropped their target price on shares of TriplePoint Venture Growth BDC from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Thursday, October 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research report on Monday. Finally, UBS Group lowered their price target 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. Four investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, TriplePoint Venture Growth BDC presently has an average rating of “Reduce” and a consensus target price of $6.25.

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.