Insider Buying: TriplePoint Venture Growth BDC (NYSE:TPVG) Insider Purchases $132,262.16 in Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava bought 19,919 shares of the stock in a transaction on Friday, December 12th. The stock was purchased at an average price of $6.64 per share, for a total transaction of $132,262.16. Following the completion of the purchase, the insider directly owned 1,444,034 shares in the company, valued at approximately $9,588,385.76. This represents a 1.40% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, December 17th, Sajal Srivastava purchased 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 purchased 39,044 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.18 per share, for a total transaction of $241,291.92.
• On Monday, December 15th, Sajal Srivastava acquired 30,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.46 per share, for a total transaction of $193,800.00.
• On Thursday, December 11th, Sajal Srivastava acquired 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 bought 27,200 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.78 per share, for a total transaction of $184,416.00.
• On Friday, December 5th, Sajal Srivastava purchased 47,741 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost 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, with a total value of $315,860.06.
• On Wednesday, December 3rd, Sajal Srivastava acquired 24,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.57 per share, for a total transaction of $157,680.00.
• On Monday, December 1st, Sajal Srivastava bought 50,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.40 per share, for a total transaction of $320,000.00.
• On Monday, November 24th, Sajal Srivastava bought 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.31 per share, with a total value of $315,500.00.

TriplePoint Venture Growth BDC Price Performance

TPVG stock opened at $6.28 on Friday. The firm has a 50 day simple moving average of $6.00 and a two-hundred day simple moving average of $6.43. The stock has a market cap of $253.87 million, a PE ratio of 7.39 and a beta of 1.35. TriplePoint Venture Growth BDC Corp. has a one year low of $5.24 and a one year high of $8.20.

TriplePoint Venture Growth BDC (NYSE:TPVG) last posted its quarterly earnings data 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 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 analysts’ expectations of $24.22 million. On average, research analysts expect that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current fiscal year.

TriplePoint Venture Growth BDC Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 14.6%. The ex-dividend date is Tuesday, December 16th. TriplePoint Venture Growth BDC’s dividend payout ratio is presently 108.24%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Zacks Research raised TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research report on Monday. Piper Sandler lowered 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 report on Thursday, October 9th. UBS Group cut their price objective on shares of TriplePoint Venture Growth BDC from $6.50 to $5.50 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Finally, Wall Street Zen raised shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Five equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $6.25.

Institutional Trading of TriplePoint Venture Growth BDC

Institutional investors have recently made changes to their positions in the stock. Norden Group LLC raised its holdings in TriplePoint Venture Growth BDC by 36.4% during the 2nd quarter. Norden Group LLC now owns 56,848 shares of the investment management company’s stock valued at $399,000 after buying an additional 15,160 shares during the last quarter. U.S. Capital Wealth Advisors LLC increased its position 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 valued at $283,000 after acquiring an additional 7,600 shares during the period. HighTower Advisors LLC bought a new position in shares of TriplePoint Venture Growth BDC during the first quarter valued at about $72,000. Quarry LP raised its stake in shares of 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 valued at $33,000 after acquiring an additional 1,629 shares during the last quarter. Finally, Samalin Investment Counsel LLC boosted its holdings in shares of TriplePoint Venture Growth BDC by 13.1% during the second quarter. Samalin Investment Counsel LLC now owns 92,636 shares of the investment management company’s stock worth $649,000 after purchasing an additional 10,730 shares during the period. Hedge funds and other institutional investors own 12.77% of the company’s stock.

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.