Insider Buying: TriplePoint Venture Growth BDC (NYSE:TPVG) Insider Acquires 27,153 Shares of Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava acquired 27,153 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The shares were purchased at an average cost of $6.60 per share, for a total transaction of $179,209.80. Following the completion of the transaction, the insider directly owned 1,836,980 shares in the company, valued at $12,124,068. The trade was a 1.50% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, December 31st, Sajal Srivastava bought 30,459 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.55 per share, with a total value of $199,506.45.
• On Tuesday, December 30th, Sajal Srivastava bought 25,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.45 per share, for a total transaction of $161,250.00.
• On Monday, December 29th, Sajal Srivastava purchased 27,410 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.34 per share, for a total transaction of $173,779.40.
• On Friday, December 26th, Sajal Srivastava purchased 31,600 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.30 per share, with a total value of $199,080.00.
• On Wednesday, December 24th, Sajal Srivastava acquired 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 bought 31,910 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.29 per share, for a total transaction of $200,713.90.
• On Monday, December 22nd, Sajal Srivastava bought 26,900 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.29 per share, with a total value of $169,201.00.
• On Friday, December 19th, Sajal Srivastava purchased 29,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.25 per share, for a total transaction of $181,250.00.
• On Thursday, December 18th, Sajal Srivastava acquired 25,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.30 per share, for a total transaction of $157,500.00.
• On Wednesday, December 17th, Sajal Srivastava bought 27,900 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.19 per share, with a total value of $172,701.00.

TriplePoint Venture Growth BDC Stock Up 0.4%

TPVG traded up $0.03 during midday trading on Monday, hitting $6.67. 483,619 shares of the company traded hands, compared to its average volume of 429,243. The company’s 50-day moving average is $6.20 and its 200 day moving average is $6.36. TriplePoint Venture Growth BDC Corp. has a 52 week low of $5.24 and a 52 week high of $8.20. The firm has a market capitalization of $269.27 million, a PE ratio of 7.84 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 net margin of 36.02% and a return on equity of 12.88%. The company had revenue of $22.66 million for the quarter, compared to the consensus estimate of $24.22 million. On average, sell-side analysts predict that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current fiscal year.

TriplePoint Venture Growth BDC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 13.8%. The ex-dividend date was Tuesday, December 16th. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is 108.24%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TPVG shares. Piper Sandler lowered their target price 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. Weiss Ratings reissued a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a report on Monday, December 29th. UBS Group reduced their target price on shares of TriplePoint Venture Growth BDC from $6.50 to $5.50 and set a “neutral” rating for the company in a report 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, December 6th. Finally, Zacks Research raised shares of TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Five analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $6.25.

Institutional Trading of TriplePoint Venture Growth BDC

Institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP lifted its stake in shares of 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 buying an additional 1,629 shares in the last quarter. PharVision Advisers LLC raised its holdings in 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 acquiring an additional 1,789 shares during the period. Jane Street Group LLC lifted its position in shares of TriplePoint Venture Growth BDC by 28.1% in the first quarter. Jane Street Group LLC now owns 67,693 shares of the investment management company’s stock valued at $472,000 after acquiring an additional 14,865 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its stake in shares of TriplePoint Venture Growth BDC by 23.2% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 40,380 shares of the investment management company’s stock worth $283,000 after acquiring an additional 7,600 shares during the period. Finally, Norden Group LLC grew its position in shares of TriplePoint Venture Growth BDC by 36.4% during the second quarter. Norden Group LLC now owns 56,848 shares of the investment management company’s stock worth $399,000 after purchasing an additional 15,160 shares in the last quarter. 12.77% of the stock is currently 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.