TriplePoint Venture Growth BDC (NYSE:TPVG) Insider Acquires $168,562.80 in Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava purchased 26,756 shares of the business’s stock in a transaction that occurred on Wednesday, December 24th. The stock was bought at an average cost of $6.30 per share, with a total value of $168,562.80. Following the acquisition, the insider owned 1,680,544 shares in the company, valued at $10,587,427.20. This represents a 1.62% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, December 26th, Sajal Srivastava acquired 31,600 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.30 per share, for a total transaction of $199,080.00.
• On Tuesday, December 23rd, Sajal Srivastava bought 31,910 shares of TriplePoint Venture Growth BDC stock. The stock was bought 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 shares were bought 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 stock was bought 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 stock was purchased at an average price of $6.30 per share, for a total transaction of $157,500.00.
• On Wednesday, December 17th, Sajal Srivastava acquired 27,900 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.19 per share, with a total value of $172,701.00.
• On Tuesday, December 16th, Sajal Srivastava bought 39,044 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.18 per share, with a total value 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 purchased 19,919 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.64 per share, for a total transaction of $132,262.16.
• On Thursday, December 11th, Sajal Srivastava purchased 24,590 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.69 per share, with a total value of $164,507.10.

TriplePoint Venture Growth BDC Price Performance

NYSE TPVG traded up $0.07 during mid-day trading on Monday, hitting $6.39. The stock had a trading volume of 283,064 shares, compared to its average volume of 332,764. The firm’s 50 day moving average is $6.10 and its 200 day moving average is $6.38. The stock has a market capitalization of $257.99 million, a price-to-earnings ratio of 7.51 and a beta of 1.35. TriplePoint Venture Growth BDC Corp. has a twelve month low of $5.24 and a twelve month high of $8.20.

TriplePoint Venture Growth BDC (NYSE:TPVG) last announced its earnings results 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). The business had revenue of $22.66 million for the quarter, compared to analyst estimates of $24.22 million. TriplePoint Venture Growth BDC had a return on equity of 12.88% and a net margin of 36.02%. As a group, equities research analysts expect that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current year.

TriplePoint Venture Growth BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors 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 14.4%. 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

Several brokerages have recently weighed in on TPVG. Zacks Research upgraded TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Piper Sandler reduced their price objective on TriplePoint Venture Growth BDC from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, October 9th. Weiss Ratings restated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a report on Monday, December 22nd. Wall Street Zen raised TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Finally, UBS Group lowered their price target on shares of 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. Five investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $6.25.

Institutional Investors 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. HighTower Advisors LLC purchased a new position in TriplePoint Venture Growth BDC during the 1st quarter valued at about $72,000. Quarry LP boosted its stake in shares of TriplePoint Venture Growth BDC by 53.6% in the first 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 period. PharVision Advisers LLC boosted its stake in shares of TriplePoint Venture Growth BDC by 15.7% in 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. Jane Street Group LLC grew its holdings 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 purchasing an additional 14,865 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC increased its stake in TriplePoint Venture Growth BDC by 23.2% during 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 during the period. Institutional investors and hedge funds own 12.77% of the company’s stock.

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.