Sajal Srivastava Purchases 19,919 Shares of TriplePoint Venture Growth BDC (NYSE:TPVG) Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava bought 19,919 shares of TriplePoint Venture Growth BDC stock in a transaction that occurred on Friday, December 12th. The stock was bought at an average price of $6.64 per share, with a total value of $132,262.16. Following the purchase, the insider owned 1,444,034 shares of the company’s stock, valued at $9,588,385.76. This trade represents a 1.40% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Monday, December 15th, Sajal Srivastava purchased 30,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.46 per share, for a total transaction of $193,800.00.
• On Thursday, December 11th, Sajal Srivastava acquired 24,590 shares of TriplePoint Venture Growth BDC stock. The shares were 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 stock was purchased at an average price of $6.78 per share, with a total value of $184,416.00.
• On Friday, December 5th, Sajal Srivastava bought 47,741 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost 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 bought 24,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.57 per share, for a total transaction of $157,680.00.
• On Monday, December 1st, Sajal Srivastava purchased 50,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.40 per share, with a total value of $320,000.00.
• On Monday, November 24th, Sajal Srivastava purchased 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.31 per share, with a total value of $315,500.00.
• On Friday, November 21st, Sajal Srivastava bought 39,760 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 $250,488.00.
• On Thursday, November 20th, Sajal Srivastava bought 42,999 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.28 per share, with a total value of $270,033.72.

TriplePoint Venture Growth BDC Trading Down 5.7%

TPVG stock traded down $0.38 during trading on Tuesday, hitting $6.19. The company had a trading volume of 186,509 shares, compared to its average volume of 328,220. The company has a fifty day moving average price of $5.96 and a two-hundred day moving average price of $6.43. 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 has a market cap of $249.87 million, a P/E ratio of 7.28 and a beta of 1.35.

TriplePoint Venture Growth BDC (NYSE:TPVG) last released its quarterly earnings data on Wednesday, November 5th. The investment management company reported $0.26 earnings per share (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 company had revenue of $22.66 million for the quarter, compared to analyst estimates of $24.22 million. On average, analysts expect 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 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 14.9%. The ex-dividend date of this dividend is Tuesday, December 16th. TriplePoint Venture Growth BDC’s dividend payout ratio is currently 108.24%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TPVG. Nomura Asset Management Co. Ltd. acquired a new stake in shares of TriplePoint Venture Growth BDC in the 2nd quarter valued at $26,000. Quarry LP lifted its stake in shares of 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 valued at $33,000 after acquiring an additional 1,629 shares during the period. Advisory Services Network LLC bought a new position in TriplePoint Venture Growth BDC in the third quarter valued at about $33,000. Northwestern Mutual Wealth Management Co. bought a new position in TriplePoint Venture Growth BDC in the second quarter valued at about $35,000. Finally, HighTower Advisors LLC acquired a new stake in TriplePoint Venture Growth BDC in the first quarter worth about $72,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

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.