TriplePoint Venture Growth BDC (NYSE:TPVG) Insider Sajal Srivastava Acquires 39,044 Shares

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava acquired 39,044 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was purchased at an average cost of $6.18 per share, for a total transaction of $241,291.92. Following the completion of the acquisition, the insider directly owned 1,513,078 shares of the company’s stock, valued at approximately $9,350,822.04. This trade represents a 2.65% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

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

• On Wednesday, December 17th, Sajal Srivastava bought 27,900 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.19 per share, with a total value of $172,701.00.
• On Monday, December 15th, Sajal Srivastava purchased 30,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.46 per share, with a total value of $193,800.00.
• On Friday, December 12th, Sajal Srivastava acquired 19,919 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.64 per share, for a total transaction of $132,262.16.
• On Thursday, December 11th, Sajal Srivastava acquired 24,590 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.69 per share, for a total transaction of $164,507.10.
• On Wednesday, December 10th, Sajal Srivastava bought 27,200 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.78 per share, with a total value of $184,416.00.
• On Friday, December 5th, Sajal Srivastava acquired 47,741 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.81 per share, with a total value of $325,116.21.
• On Thursday, December 4th, Sajal Srivastava purchased 47,713 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.62 per share, with a total value of $315,860.06.
• On Wednesday, December 3rd, Sajal Srivastava acquired 24,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.57 per share, for a total transaction of $157,680.00.
• On Monday, December 1st, Sajal Srivastava acquired 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.40 per share, for a total transaction of $320,000.00.
• 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.

TriplePoint Venture Growth BDC Stock Up 1.7%

NYSE:TPVG opened at $6.28 on Friday. TriplePoint Venture Growth BDC Corp. has a 52 week low of $5.24 and a 52 week high of $8.20. The stock has a market capitalization of $253.87 million, a PE ratio of 7.39 and a beta of 1.35. The stock’s 50-day moving average price is $6.00 and its 200-day moving average price is $6.43.

TriplePoint Venture Growth BDC (NYSE:TPVG) last announced its earnings results on Wednesday, November 5th. The investment management company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.03). The business had revenue of $22.66 million for the quarter, compared to analyst estimates of $24.22 million. TriplePoint Venture Growth BDC had a return on equity of 12.88% and a net margin of 36.02%. Sell-side 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 declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 14.6%. TriplePoint Venture Growth BDC’s payout ratio is currently 108.24%.

Analysts Set New Price Targets

TPVG has been the topic of a number of recent research reports. UBS Group lowered their price objective on TriplePoint Venture Growth BDC from $6.50 to $5.50 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. Weiss Ratings restated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a report on Monday. Wall Street Zen upgraded TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Zacks Research upgraded TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Finally, Piper Sandler lowered 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. Five investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $6.25.

Institutional Investors Weigh In On TriplePoint Venture Growth BDC

Several large investors have recently added to or reduced their stakes in TPVG. Nomura Asset Management Co. Ltd. purchased a new position in shares of TriplePoint Venture Growth BDC in the 2nd quarter valued at about $26,000. Quarry LP grew its stake in shares of TriplePoint Venture Growth BDC by 53.6% during the first 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 in the last quarter. Advisory Services Network LLC purchased a new position in TriplePoint Venture Growth BDC in the third quarter valued at $33,000. Northwestern Mutual Wealth Management Co. purchased a new position in TriplePoint Venture Growth BDC in the second quarter valued at $35,000. Finally, HighTower Advisors LLC acquired a new stake in TriplePoint Venture Growth BDC in the first quarter valued at $72,000. 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.