TriplePoint Venture Growth BDC (NYSE:TPVG) Insider Acquires $279,733.00 in Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava purchased 46,700 shares of the stock in a transaction on Friday, November 14th. The stock was acquired at an average cost of $5.99 per share, with a total value of $279,733.00. Following the acquisition, the insider owned 764,052 shares of the company’s stock, valued at approximately $4,576,671.48. This represents a 6.51% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, November 12th, Sajal Srivastava acquired 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $5.95 per share, with a total value of $297,500.00.
• On Tuesday, November 11th, Sajal Srivastava bought 26,117 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $5.76 per share, with a total value of $150,433.92.
• On Wednesday, September 3rd, Sajal Srivastava purchased 48,800 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.77 per share, for a total transaction of $330,376.00.
• On Tuesday, September 2nd, Sajal Srivastava acquired 54,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.72 per share, for a total transaction of $362,880.00.
• On Friday, August 29th, Sajal Srivastava bought 65,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.73 per share, with a total value of $437,450.00.
• On Friday, August 29th, Sajal Srivastava acquired 65,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.73 per share, for a total transaction of $437,450.00.
• On Thursday, August 28th, Sajal Srivastava purchased 44,630 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.64 per share, for a total transaction of $296,343.20.
• On Thursday, August 28th, Sajal Srivastava bought 44,630 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.64 per share, for a total transaction of $296,343.20.
• On Wednesday, August 27th, Sajal Srivastava purchased 53,160 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.63 per share, with a total value of $352,450.80.
• On Tuesday, August 26th, Sajal Srivastava bought 27,988 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.48 per share, with a total value of $181,362.24.

TriplePoint Venture Growth BDC Price Performance

TPVG stock traded down $0.01 during midday trading on Monday, hitting $6.01. 322,569 shares of the stock traded hands, compared to its average volume of 318,622. The stock’s fifty day simple moving average is $5.83 and its 200-day simple moving average is $6.45. The firm has a market cap of $242.60 million, a P/E ratio of 7.06 and a beta of 1.47. TriplePoint Venture Growth BDC Corp. has a 1-year low of $5.24 and a 1-year high of $8.50.

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 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 business had revenue of $22.66 million for the quarter, compared to analyst estimates of $24.22 million. On average, research analysts predict that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current year.

TriplePoint Venture Growth BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 15.3%. The ex-dividend date is Tuesday, December 16th. TriplePoint Venture Growth BDC’s payout ratio is currently 108.24%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Piper Sandler cut 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 report on Thursday, October 9th. UBS Group lowered their price target on 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. Zacks Research cut TriplePoint Venture Growth BDC from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research note on Thursday. Four analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $6.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TPVG. Nomura Asset Management Co. Ltd. acquired a new stake in shares of TriplePoint Venture Growth BDC during the 2nd quarter valued at approximately $26,000. Quarry LP raised its holdings in 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 worth $33,000 after purchasing an additional 1,629 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in TriplePoint Venture Growth BDC during the second quarter worth $35,000. Private Advisor Group LLC purchased a new stake in TriplePoint Venture Growth BDC during the first quarter worth $72,000. Finally, HighTower Advisors LLC acquired a new stake in TriplePoint Venture Growth BDC in the first quarter valued at $72,000. 12.77% of the stock is currently owned by institutional investors and hedge funds.

About TriplePoint Venture Growth BDC

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.