TriplePoint Venture Growth BDC (NYSE:TPVG) Insider Sajal Srivastava Acquires 25,000 Shares

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava purchased 25,000 shares of the firm’s stock in a transaction dated Thursday, December 18th. The shares were bought at an average price of $6.30 per share, with a total value of $157,500.00. Following the purchase, the insider owned 1,565,978 shares in the company, valued at $9,865,661.40. This represents a 1.62% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, December 19th, Sajal Srivastava bought 29,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.25 per share, with a total value of $181,250.00.
• On Wednesday, December 17th, Sajal Srivastava purchased 27,900 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.19 per share, for a total transaction of $172,701.00.
• On Tuesday, December 16th, Sajal Srivastava acquired 39,044 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.18 per share, with a total value of $241,291.92.
• On Monday, December 15th, Sajal Srivastava acquired 30,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.46 per share, with a total value of $193,800.00.
• On Friday, December 12th, Sajal Srivastava bought 19,919 shares of TriplePoint Venture Growth BDC stock. The stock was 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 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 purchased at an average cost 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 purchased at an average price 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 stock was acquired at an average cost 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 shares were acquired at an average cost of $6.57 per share, with a total value of $157,680.00.

TriplePoint Venture Growth BDC Trading Up 0.9%

NYSE:TPVG traded up $0.06 during mid-day trading on Monday, hitting $6.24. 312,524 shares of the company’s stock traded hands, compared to its average volume of 332,375. The firm has a market capitalization of $251.97 million, a price-to-earnings ratio of 7.34 and a beta of 1.35. The firm has a 50 day moving average of $6.02 and a two-hundred day moving average of $6.41. TriplePoint Venture Growth BDC Corp. has a 12 month low of $5.24 and a 12 month high of $8.20.

TriplePoint Venture Growth BDC (NYSE:TPVG) last issued its quarterly earnings results on Wednesday, November 5th. The investment management company reported $0.26 EPS for the quarter, missing the consensus estimate 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 business had revenue of $22.66 million during the quarter, compared to the consensus estimate of $24.22 million. As a group, equities research analysts expect that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current year.

TriplePoint Venture Growth BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $0.92 dividend on an annualized basis and a yield of 14.8%. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is 108.24%.

Analyst Upgrades and Downgrades

TPVG has been the subject of several research reports. UBS Group reduced their target price 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. Zacks Research raised shares of TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Weiss Ratings restated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research note on Monday, December 15th. Piper Sandler lowered their price objective on shares of TriplePoint Venture Growth BDC from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, October 9th. Finally, Wall Street Zen raised shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Five research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, TriplePoint Venture Growth BDC currently has an average rating of “Reduce” and a consensus target price of $6.25.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Norden Group LLC lifted its holdings in 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 valued at $399,000 after buying an additional 15,160 shares during the period. U.S. Capital Wealth Advisors LLC boosted its position in shares of 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 worth $283,000 after purchasing an additional 7,600 shares during the last quarter. HighTower Advisors LLC acquired a new position in TriplePoint Venture Growth BDC in the first quarter valued at about $72,000. Samalin Investment Counsel LLC lifted its stake in TriplePoint Venture Growth BDC by 13.1% in the second quarter. Samalin Investment Counsel LLC now owns 92,636 shares of the investment management company’s stock valued at $649,000 after buying an additional 10,730 shares during the period. Finally, Quarry LP boosted its holdings in 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 buying an additional 1,629 shares during the last quarter. Institutional investors own 12.77% of the company’s stock.

About TriplePoint Venture Growth BDC

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.