Sajal Srivastava Buys 47,713 Shares of TriplePoint Venture Growth BDC (NYSE:TPVG) Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava bought 47,713 shares of TriplePoint Venture Growth BDC stock in a transaction dated Thursday, December 4th. The shares were acquired at an average price of $6.62 per share, with a total value of $315,860.06. Following the completion of the purchase, the insider owned 1,270,479 shares in the company, valued at approximately $8,410,570.98. The trade was a 3.90% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, December 3rd, Sajal Srivastava purchased 24,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.57 per share, for a total transaction of $157,680.00.
• On Monday, December 1st, Sajal Srivastava purchased 50,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.40 per share, with a total value of $320,000.00.
• On Monday, November 24th, Sajal Srivastava acquired 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.31 per share, with a total value of $315,500.00.
• On Friday, November 21st, Sajal Srivastava bought 39,760 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.30 per share, for a total transaction of $250,488.00.
• On Thursday, November 20th, Sajal Srivastava bought 42,999 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.28 per share, with a total value of $270,033.72.
• On Wednesday, November 19th, Sajal Srivastava bought 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.19 per share, with a total value of $309,500.00.
• On Tuesday, November 18th, Sajal Srivastava purchased 27,439 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.06 per share, for a total transaction of $166,280.34.
• On Monday, November 17th, Sajal Srivastava acquired 44,648 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.06 per share, with a total value of $270,566.88.
• On Friday, November 14th, Sajal Srivastava acquired 46,700 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $5.99 per share, with a total value of $279,733.00.
• On Wednesday, November 12th, Sajal Srivastava bought 50,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $5.95 per share, for a total transaction of $297,500.00.

TriplePoint Venture Growth BDC Stock Performance

Shares of TPVG traded up $0.17 during midday trading on Friday, hitting $6.81. 287,552 shares of the stock traded hands, compared to its average volume of 325,144. TriplePoint Venture Growth BDC Corp. has a 1-year low of $5.24 and a 1-year high of $8.33. The firm has a market capitalization of $275.12 million, a PE ratio of 8.01 and a beta of 1.35. The business’s 50 day moving average price is $5.83 and its two-hundred day moving average price is $6.45.

TriplePoint Venture Growth BDC (NYSE:TPVG) last released 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). The firm had revenue of $22.66 million during 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 forecast 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 declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be paid a $0.23 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $0.92 annualized dividend and a dividend yield of 13.5%. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is presently 108.24%.

Institutional Trading of TriplePoint Venture Growth BDC

Institutional investors have recently modified their holdings of the company. Two Sigma Investments LP boosted its stake in TriplePoint Venture Growth BDC by 58.6% during the third quarter. Two Sigma Investments LP now owns 612,727 shares of the investment management company’s stock valued at $3,535,000 after buying an additional 226,479 shares in the last quarter. Marshall Wace LLP lifted its holdings in TriplePoint Venture Growth BDC by 44.9% in the 2nd quarter. Marshall Wace LLP now owns 529,201 shares of the investment management company’s stock valued at $3,710,000 after acquiring an additional 163,916 shares during the last quarter. Meridian Wealth Management LLC bought a new position in shares of TriplePoint Venture Growth BDC during the 3rd quarter valued at about $173,000. Aquatic Capital Management LLC boosted its position in shares of TriplePoint Venture Growth BDC by 251.3% during the 3rd quarter. Aquatic Capital Management LLC now owns 41,137 shares of the investment management company’s stock valued at $237,000 after purchasing an additional 29,427 shares in the last quarter. Finally, Brevan Howard Capital Management LP acquired a new position in shares of TriplePoint Venture Growth BDC in the 3rd quarter worth approximately $165,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TPVG shares. Zacks Research downgraded TriplePoint Venture Growth BDC from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. Wall Street Zen downgraded TriplePoint Venture Growth BDC from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Weiss Ratings reissued a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research note on Monday. Piper Sandler lowered their price target 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. Finally, UBS Group cut their price objective on shares of TriplePoint Venture Growth BDC from $6.50 to $5.50 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. Four equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $6.25.

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.