TriplePoint Venture Growth BDC (NYSE:TPVG) Insider Sajal Srivastava Buys 26,756 Shares

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava acquired 26,756 shares of the firm’s stock in a transaction dated Wednesday, December 24th. The shares were acquired at an average price of $6.30 per share, with a total value of $168,562.80. Following the acquisition, the insider owned 1,680,544 shares in the company, valued at approximately $10,587,427.20. The trade was a 1.62% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Friday, December 26th, Sajal Srivastava bought 31,600 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 $199,080.00.
• On Tuesday, December 23rd, Sajal Srivastava purchased 31,910 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.29 per share, with a total value of $200,713.90.
• On Monday, December 22nd, Sajal Srivastava purchased 26,900 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.29 per share, with a total value of $169,201.00.
• On Friday, December 19th, Sajal Srivastava acquired 29,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.25 per share, for a total transaction of $181,250.00.
• On Thursday, December 18th, Sajal Srivastava acquired 25,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.30 per share, with a total value of $157,500.00.
• On Wednesday, December 17th, Sajal Srivastava bought 27,900 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.19 per share, with a total value of $172,701.00.
• On Tuesday, December 16th, Sajal Srivastava bought 39,044 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.18 per share, for a total transaction of $241,291.92.
• On Monday, December 15th, Sajal Srivastava purchased 30,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.46 per share, for a total transaction of $193,800.00.
• On Friday, December 12th, Sajal Srivastava acquired 19,919 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.64 per share, with a total value of $132,262.16.
• On Thursday, December 11th, Sajal Srivastava acquired 24,590 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.69 per share, for a total transaction of $164,507.10.

TriplePoint Venture Growth BDC Stock Performance

Shares of NYSE TPVG traded up $0.07 during mid-day trading on Monday, hitting $6.39. The stock had a trading volume of 283,064 shares, compared to its average volume of 332,764. The firm has a market cap of $257.99 million, a PE ratio of 7.51 and a beta of 1.35. The company has a 50 day moving average of $6.10 and a two-hundred day moving average of $6.38. TriplePoint Venture Growth BDC Corp. has a twelve month low of $5.24 and a twelve month high of $8.20.

TriplePoint Venture Growth BDC (NYSE:TPVG) last announced its quarterly earnings data on Wednesday, November 5th. The investment management company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $22.66 million during the quarter, compared to analyst estimates of $24.22 million. Equities research analysts predict that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current fiscal year.

TriplePoint Venture Growth BDC Announces Dividend

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 dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 14.4%. The ex-dividend date is Tuesday, December 16th. TriplePoint Venture Growth BDC’s payout ratio is presently 108.24%.

Wall Street Analysts Forecast Growth

TPVG has been the topic of a number of research reports. UBS Group cut their price objective on shares of 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. Piper Sandler lowered 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 report on Thursday, October 9th. Wall Street Zen upgraded TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Zacks Research upgraded TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a report on Monday, December 22nd. Five equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $6.25.

Institutional Investors Weigh In On TriplePoint Venture Growth BDC

Several hedge funds have recently modified their holdings of the company. Advisory Services Network LLC acquired a new stake in shares of TriplePoint Venture Growth BDC during the 3rd quarter valued at about $33,000. CANADA LIFE ASSURANCE Co boosted its position 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 purchasing an additional 13,490 shares in the last quarter. Verition Fund Management LLC boosted its position in TriplePoint Venture Growth BDC by 14.1% during the third quarter. Verition Fund Management LLC now owns 22,677 shares of the investment management company’s stock worth $131,000 after purchasing an additional 2,800 shares in the last quarter. Millennium Management LLC acquired a new stake in TriplePoint Venture Growth BDC in the third quarter valued at approximately $134,000. Finally, Brevan Howard Capital Management LP purchased a new stake in shares of TriplePoint Venture Growth BDC in the third quarter valued at 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 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.