Sajal Srivastava Acquires 30,877 Shares of TriplePoint Venture Growth BDC (NYSE:TPVG) Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava acquired 30,877 shares of the company’s stock in a transaction on Wednesday, January 7th. The stock was bought at an average cost of $6.43 per share, with a total value of $198,539.11. Following the completion of the acquisition, the insider directly owned 1,941,857 shares in the company, valued at approximately $12,486,140.51. This represents a 1.62% increase in their ownership of the stock. 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 Thursday, January 8th, Sajal Srivastava bought 16,833 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.61 per share, for a total transaction of $111,266.13.
• On Tuesday, January 6th, Sajal Srivastava purchased 34,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.61 per share, with a total value of $224,740.00.
• On Monday, January 5th, Sajal Srivastava acquired 40,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.70 per share, for a total transaction of $268,000.00.
• On Friday, January 2nd, Sajal Srivastava acquired 27,153 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.60 per share, with a total value of $179,209.80.
• On Wednesday, December 31st, Sajal Srivastava bought 30,459 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.55 per share, for a total transaction of $199,506.45.
• On Tuesday, December 30th, Sajal Srivastava purchased 25,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.45 per share, for a total transaction of $161,250.00.
• On Monday, December 29th, Sajal Srivastava bought 27,410 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.34 per share, with a total value of $173,779.40.
• On Friday, December 26th, Sajal Srivastava acquired 31,600 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 $199,080.00.
• On Wednesday, December 24th, Sajal Srivastava bought 26,756 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.30 per share, with a total value of $168,562.80.
• On Tuesday, December 23rd, Sajal Srivastava purchased 31,910 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.29 per share, with a total value of $200,713.90.

TriplePoint Venture Growth BDC Stock Performance

Shares of TPVG traded up $0.08 during mid-day trading on Friday, reaching $6.62. 394,985 shares of the company were exchanged, compared to its average volume of 397,800. TriplePoint Venture Growth BDC Corp. has a 52 week low of $5.24 and a 52 week high of $8.20. The business has a 50 day simple moving average of $6.28 and a two-hundred day simple moving average of $6.36. The stock has a market capitalization of $267.25 million, a PE ratio of 7.78 and a beta of 1.35.

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 analysts’ consensus estimates 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 firm had revenue of $22.66 million for the quarter, compared to the consensus estimate of $24.22 million. On average, analysts predict that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current year.

TriplePoint Venture Growth BDC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 13.9%. The ex-dividend date of this dividend was Tuesday, December 16th. TriplePoint Venture Growth BDC’s payout ratio is presently 108.24%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Kovack Advisors Inc. lifted its holdings in shares of TriplePoint Venture Growth BDC by 4.4% during the third quarter. Kovack Advisors Inc. now owns 52,519 shares of the investment management company’s stock valued at $303,000 after purchasing an additional 2,200 shares during the last quarter. U.S. Capital Wealth Advisors LLC increased its stake in shares of TriplePoint Venture Growth BDC by 6.4% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 42,980 shares of the investment management company’s stock worth $248,000 after purchasing an additional 2,600 shares in the last quarter. Verition Fund Management LLC lifted its holdings 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 valued at $131,000 after purchasing an additional 2,800 shares in the last quarter. Nomura Asset Management Co. Ltd. purchased a new position in shares of TriplePoint Venture Growth BDC in the second quarter valued at about $26,000. Finally, Jane Street Group LLC lifted its stake in TriplePoint Venture Growth BDC by 7.3% in the 2nd quarter. Jane Street Group LLC now owns 72,663 shares of the investment management company’s stock worth $509,000 after purchasing an additional 4,970 shares in the last quarter. Hedge funds and other institutional investors own 12.77% of the company’s stock.

Analysts Set New Price Targets

TPVG has been the subject of several research reports. Wall Street Zen upgraded shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. UBS Group cut their price objective 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. Weiss Ratings reissued a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research note on Monday, December 29th. 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, Piper Sandler cut their price objective 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 analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $6.25.

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.