Sajal Srivastava Buys 27,900 Shares of TriplePoint Venture Growth BDC (NYSE:TPVG) Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava acquired 27,900 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were bought at an average price of $6.19 per share, with a total value of $172,701.00. Following the completion of the purchase, the insider owned 1,540,978 shares in the company, valued at $9,538,653.82. This trade represents a 1.84% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, December 16th, Sajal Srivastava purchased 39,044 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.18 per share, for a total transaction of $241,291.92.
• On Monday, December 15th, Sajal Srivastava acquired 30,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased 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 shares were purchased at an average price of $6.64 per share, for a total transaction of $132,262.16.
• On Thursday, December 11th, Sajal Srivastava bought 24,590 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.69 per share, with a total value of $164,507.10.
• On Wednesday, December 10th, Sajal Srivastava purchased 27,200 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.78 per share, with a total value of $184,416.00.
• On Friday, December 5th, Sajal Srivastava purchased 47,741 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.81 per share, for a total transaction of $325,116.21.
• On Thursday, December 4th, Sajal Srivastava acquired 47,713 shares of TriplePoint Venture Growth BDC stock. The stock was acquired 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 acquired at an average cost of $6.57 per share, with a total value of $157,680.00.
• On Monday, December 1st, Sajal Srivastava bought 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost 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 acquired at an average cost of $6.31 per share, for a total transaction of $315,500.00.

TriplePoint Venture Growth BDC Price Performance

TPVG stock opened at $6.17 on Friday. 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 50 day simple moving average of $6.02 and a two-hundred day simple moving average of $6.42. The company has a market capitalization of $249.27 million, a price-to-earnings ratio of 7.26 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). TriplePoint Venture Growth BDC had a net margin of 36.02% and a return on equity of 12.88%. The company had revenue of $22.66 million for the quarter, compared to the consensus estimate of $24.22 million. Sell-side analysts anticipate that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current fiscal year.

TriplePoint Venture Growth BDC Announces Dividend

The business also recently declared 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. The ex-dividend date is Tuesday, December 16th. This represents a $0.92 annualized dividend and a yield of 14.9%. TriplePoint Venture Growth BDC’s payout ratio is presently 108.24%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TPVG. Wall Street Zen upgraded TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. UBS Group decreased their price objective on 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. Zacks Research upgraded shares of TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Piper Sandler decreased their price target on shares of TriplePoint Venture Growth BDC from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, October 9th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research note on Monday. Five 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, TriplePoint Venture Growth BDC currently has an average rating of “Reduce” and an average target price of $6.25.

Hedge Funds Weigh In On TriplePoint Venture Growth BDC

Several hedge funds have recently added to or reduced their stakes in the company. Norden Group LLC raised its holdings in shares of TriplePoint Venture Growth BDC by 36.4% in the second quarter. Norden Group LLC now owns 56,848 shares of the investment management company’s stock worth $399,000 after buying an additional 15,160 shares during the period. U.S. Capital Wealth Advisors LLC grew its position in TriplePoint Venture Growth BDC by 23.2% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 40,380 shares of the investment management company’s stock valued at $283,000 after acquiring an additional 7,600 shares during the last quarter. HighTower Advisors LLC purchased a new stake in TriplePoint Venture Growth BDC in the first quarter worth $72,000. Samalin Investment Counsel LLC lifted 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 during the last quarter. Finally, Quarry LP boosted 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 valued at $33,000 after purchasing an additional 1,629 shares during the period. 12.77% of the stock is currently owned by 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.