Sajal Srivastava Purchases 27,900 Shares of TriplePoint Venture Growth BDC (NYSE:TPVG) Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava bought 27,900 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were bought at an average cost of $6.19 per share, with a total value of $172,701.00. Following the completion of the transaction, the insider owned 1,540,978 shares in the company, valued at $9,538,653.82. The trade was a 1.84% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Tuesday, December 16th, Sajal Srivastava bought 39,044 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.18 per share, for a total transaction of $241,291.92.
• On Monday, December 15th, Sajal Srivastava bought 30,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased 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 stock was 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 acquired at an average price of $6.69 per share, with a total value 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 shares were acquired at an average price of $6.81 per share, for a total transaction of $325,116.21.
• On Thursday, December 4th, Sajal Srivastava acquired 47,713 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.62 per share, for a total transaction of $315,860.06.
• On Wednesday, December 3rd, Sajal Srivastava purchased 24,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.57 per share, with a total value of $157,680.00.
• On Monday, December 1st, Sajal Srivastava acquired 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.40 per share, with a total value of $320,000.00.
• On Monday, November 24th, Sajal Srivastava bought 50,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.31 per share, with a total value of $315,500.00.

TriplePoint Venture Growth BDC Stock Performance

TPVG stock traded up $0.12 during trading on Thursday, hitting $6.30. 417,186 shares of the company traded hands, compared to its average volume of 331,880. The company has a 50-day moving average of $5.98 and a 200-day moving average of $6.43. TriplePoint Venture Growth BDC Corp. has a 1 year low of $5.24 and a 1 year high of $8.20. The firm has a market capitalization of $254.52 million, a PE ratio of 7.41 and a beta of 1.35.

TriplePoint Venture Growth BDC (NYSE:TPVG) last issued 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 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 the consensus estimate of $24.22 million. Sell-side analysts expect that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current year.

TriplePoint Venture Growth BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be issued a $0.23 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $0.92 annualized dividend and a yield of 14.6%. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is currently 108.24%.

Institutional Investors Weigh In On TriplePoint Venture Growth BDC

A number of hedge funds have recently made changes to their positions in the company. HighTower Advisors LLC purchased a new position in shares of TriplePoint Venture Growth BDC in the first quarter valued at $72,000. Samalin Investment Counsel LLC raised its holdings in TriplePoint Venture Growth BDC by 16.1% during the 1st quarter. Samalin Investment Counsel LLC now owns 81,906 shares of the investment management company’s stock valued at $572,000 after buying an additional 11,364 shares during the period. Quarry LP grew its holdings in TriplePoint Venture Growth BDC by 53.6% during the 1st quarter. Quarry LP now owns 4,669 shares of the investment management company’s stock valued at $33,000 after purchasing an additional 1,629 shares during the last quarter. PharVision Advisers LLC boosted its stake in shares of TriplePoint Venture Growth BDC by 15.7% during the first quarter. PharVision Advisers LLC now owns 13,193 shares of the investment management company’s stock valued at $92,000 after purchasing an additional 1,789 shares during the period. Finally, Jane Street Group LLC increased its position in shares of TriplePoint Venture Growth BDC by 28.1% during the first quarter. Jane Street Group LLC now owns 67,693 shares of the investment management company’s stock worth $472,000 after acquiring an additional 14,865 shares during the period. 12.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TPVG shares. UBS Group decreased their price objective 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. Piper Sandler reduced their price objective on shares of 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. Weiss Ratings restated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research note on Monday. Zacks Research raised shares of TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Finally, Wall Street Zen raised TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Five analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company 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 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.