Insider Buying: TriplePoint Venture Growth BDC (NYSE:TPVG) Insider Buys 23,799 Shares of Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava purchased 23,799 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The shares were purchased at an average cost of $6.66 per share, for a total transaction of $158,501.34. Following the purchase, the insider directly owned 1,998,489 shares in the company, valued at $13,309,936.74. This trade represents a 1.21% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Friday, January 9th, Sajal Srivastava bought 16,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.56 per share, for a total transaction of $104,960.00.
• On Thursday, January 8th, Sajal Srivastava purchased 16,833 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.61 per share, with a total value of $111,266.13.
• On Wednesday, January 7th, Sajal Srivastava bought 30,877 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.43 per share, for a total transaction of $198,539.11.
• On Tuesday, January 6th, Sajal Srivastava purchased 34,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.61 per share, with a total value of $224,740.00.
• On Monday, January 5th, Sajal Srivastava purchased 40,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.70 per share, with a total value of $268,000.00.
• On Friday, January 2nd, Sajal Srivastava purchased 27,153 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.60 per share, for a total transaction of $179,209.80.
• On Wednesday, December 31st, Sajal Srivastava bought 30,459 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.55 per share, with a total value of $199,506.45.
• On Tuesday, December 30th, Sajal Srivastava purchased 25,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.45 per share, for a total transaction of $161,250.00.
• On Monday, December 29th, Sajal Srivastava acquired 27,410 shares of TriplePoint Venture Growth BDC stock. The stock was purchased 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 shares were purchased at an average price of $6.30 per share, for a total transaction of $199,080.00.

TriplePoint Venture Growth BDC Stock Up 0.3%

Shares of TPVG traded up $0.02 during mid-day trading on Tuesday, hitting $6.58. The stock had a trading volume of 77,442 shares, compared to its average volume of 342,119. The company has a market cap of $265.83 million, a PE ratio of 7.74 and a beta of 1.35. TriplePoint Venture Growth BDC Corp. has a fifty-two week low of $5.24 and a fifty-two week high of $8.20. The company’s fifty day simple moving average is $6.30 and its two-hundred day simple moving average is $6.35.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on TPVG shares. Wall Street Zen upgraded shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. UBS Group dropped their price target on TriplePoint Venture Growth BDC from $6.50 to $5.50 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Piper Sandler cut their price target on 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. 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 research report on Monday, December 29th. Five equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $6.25.

Hedge Funds Weigh In On TriplePoint Venture Growth BDC

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC increased its holdings in shares of TriplePoint Venture Growth BDC by 28.1% in the 1st quarter. Jane Street Group LLC now owns 67,693 shares of the investment management company’s stock worth $472,000 after purchasing an additional 14,865 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its holdings 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 worth $283,000 after buying an additional 7,600 shares in the last quarter. Norden Group LLC raised its position in TriplePoint Venture Growth BDC by 36.4% in the 2nd 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 last quarter. Kovack Advisors Inc. lifted its stake in TriplePoint Venture Growth BDC by 10.5% during the 2nd quarter. Kovack Advisors Inc. now owns 50,319 shares of the investment management company’s stock valued at $353,000 after acquiring an additional 4,800 shares during the period. Finally, Ethos Financial Group LLC lifted its stake in TriplePoint Venture Growth BDC by 84.9% during the 2nd quarter. Ethos Financial Group LLC now owns 46,627 shares of the investment management company’s stock valued at $327,000 after acquiring an additional 21,411 shares during the period. 12.77% of the stock is owned by 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.