Sajal Srivastava Purchases 39,044 Shares of TriplePoint Venture Growth BDC (NYSE:TPVG) Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava purchased 39,044 shares of the stock in a transaction on Tuesday, December 16th. The shares were purchased at an average price of $6.18 per share, with a total value of $241,291.92. Following the acquisition, the insider directly owned 1,513,078 shares in the company, valued at $9,350,822.04. This represents a 2.65% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, December 17th, Sajal Srivastava acquired 27,900 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.19 per share, with a total value of $172,701.00.
• On Monday, December 15th, Sajal Srivastava bought 30,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost 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 acquired at an average price 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 acquired at an average cost of $6.69 per share, with a total value of $164,507.10.
• On Wednesday, December 10th, Sajal Srivastava acquired 27,200 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.78 per share, with a total value of $184,416.00.
• On Friday, December 5th, Sajal Srivastava acquired 47,741 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.81 per share, for a total transaction of $325,116.21.
• On Thursday, December 4th, Sajal Srivastava bought 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 acquired at an average cost of $6.57 per share, with a total value of $157,680.00.
• On Monday, December 1st, Sajal Srivastava purchased 50,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.40 per share, for a total transaction of $320,000.00.
• On Monday, November 24th, Sajal Srivastava acquired 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.31 per share, for a total transaction of $315,500.00.

TriplePoint Venture Growth BDC Trading Down 1.8%

Shares of TriplePoint Venture Growth BDC stock opened at $6.17 on Friday. The company has a fifty day simple moving average of $6.02 and a 200-day simple moving average of $6.42. The stock has a market cap of $249.27 million, a price-to-earnings ratio of 7.26 and a beta of 1.35. TriplePoint Venture Growth BDC Corp. has a 12-month low of $5.24 and a 12-month high of $8.20.

TriplePoint Venture Growth BDC (NYSE:TPVG) last announced its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $24.22 million. On average, analysts forecast 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 announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 14.9%. The ex-dividend date of this dividend is Tuesday, December 16th. TriplePoint Venture Growth BDC’s payout ratio is presently 108.24%.

Wall Street Analyst Weigh In

Several research analysts have commented on TPVG shares. UBS Group cut their price target on 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. Piper Sandler reduced their price target on shares of TriplePoint Venture Growth BDC from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, October 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research note on Monday. 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 report on Monday, December 8th. Five investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $6.25.

Hedge Funds Weigh In On TriplePoint Venture Growth BDC

A number of large investors have recently bought and sold shares of TPVG. Nomura Asset Management Co. Ltd. purchased a new stake in shares of TriplePoint Venture Growth BDC in the second quarter valued at about $26,000. Quarry LP lifted its position in 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. Northwestern Mutual Wealth Management Co. purchased a new stake in TriplePoint Venture Growth BDC in the 2nd quarter valued at approximately $35,000. Advisory Services Network LLC acquired a new position in TriplePoint Venture Growth BDC during the 3rd quarter worth approximately $33,000. Finally, HighTower Advisors LLC purchased a new position in shares of TriplePoint Venture Growth BDC during the 1st quarter worth approximately $72,000. Hedge funds and other institutional investors 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.