TriplePoint Venture Growth BDC (NYSE:TPVG) Insider Sajal Srivastava Purchases 24,000 Shares of Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava purchased 24,000 shares of the stock in a transaction on Wednesday, December 3rd. The shares were acquired at an average cost of $6.57 per share, with a total value of $157,680.00. Following the transaction, the insider directly owned 1,222,766 shares in the company, valued at $8,033,572.62. The trade was a 2.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Thursday, December 4th, Sajal Srivastava purchased 47,713 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.62 per share, for a total transaction of $315,860.06.
• On Monday, December 1st, Sajal Srivastava bought 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.40 per share, for a total transaction of $320,000.00.
• On Monday, November 24th, Sajal Srivastava bought 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.31 per share, for a total transaction of $315,500.00.
• On Friday, November 21st, Sajal Srivastava purchased 39,760 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.30 per share, for a total transaction of $250,488.00.
• On Thursday, November 20th, Sajal Srivastava bought 42,999 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.28 per share, for a total transaction of $270,033.72.
• On Wednesday, November 19th, Sajal Srivastava acquired 50,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.19 per share, for a total transaction of $309,500.00.
• On Tuesday, November 18th, Sajal Srivastava acquired 27,439 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.06 per share, with a total value of $166,280.34.
• On Monday, November 17th, Sajal Srivastava purchased 44,648 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.06 per share, with a total value of $270,566.88.
• On Friday, November 14th, Sajal Srivastava bought 46,700 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $5.99 per share, with a total value of $279,733.00.
• On Wednesday, November 12th, Sajal Srivastava acquired 50,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $5.95 per share, for a total transaction of $297,500.00.

TriplePoint Venture Growth BDC Price Performance

Shares of NYSE:TPVG opened at $6.74 on Friday. The company has a market cap of $272.30 million, a P/E ratio of 7.93 and a beta of 1.35. The stock’s fifty day moving average price is $5.84 and its 200-day moving average price is $6.44. TriplePoint Venture Growth BDC Corp. has a 1 year low of $5.24 and a 1 year high of $8.33.

TriplePoint Venture Growth BDC (NYSE:TPVG) last announced its quarterly earnings results 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 company had revenue of $22.66 million during the quarter, compared to the consensus estimate of $24.22 million. On average, sell-side analysts anticipate that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current year.

TriplePoint Venture Growth BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 13.6%. The ex-dividend date of this dividend is Tuesday, December 16th. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is presently 108.24%.

Institutional Investors Weigh In On TriplePoint Venture Growth BDC

A number of institutional investors and hedge funds have recently bought and sold shares of TPVG. Two Sigma Investments LP raised its holdings in shares of TriplePoint Venture Growth BDC by 58.6% in the 3rd quarter. Two Sigma Investments LP now owns 612,727 shares of the investment management company’s stock valued at $3,535,000 after purchasing an additional 226,479 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of TriplePoint Venture Growth BDC by 44.9% during the second quarter. Marshall Wace LLP now owns 529,201 shares of the investment management company’s stock valued at $3,710,000 after acquiring an additional 163,916 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of TriplePoint Venture Growth BDC by 4.5% during the second quarter. Legal & General Group Plc now owns 276,451 shares of the investment management company’s stock valued at $1,935,000 after buying an additional 11,965 shares during the last quarter. Townsquare Capital LLC increased its holdings in shares of TriplePoint Venture Growth BDC by 20.6% in the first quarter. Townsquare Capital LLC now owns 102,318 shares of the investment management company’s stock valued at $714,000 after purchasing an additional 17,445 shares during the period. Finally, Samalin Investment Counsel LLC raised its holdings 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. 12.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on TPVG shares. Zacks Research downgraded shares of TriplePoint Venture Growth BDC from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. UBS Group decreased their target price on 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. Wall Street Zen upgraded shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reiterated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research report on Monday. Finally, Piper Sandler cut their target price on shares of 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. Four equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $6.25.

TriplePoint Venture Growth BDC Company Profile

TriplePoint Venture Growth BDC Corp. is a business development company specializing investments in venture capital-backed companies at the growth stage investments. It also provides debt financing to venture growth space companies which includes growth capital loans, secured and customized loans, equipment financings, revolving loans and direct equity investments.