Sajal Srivastava Buys 50,000 Shares of TriplePoint Venture Growth BDC (NYSE:TPVG) Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava purchased 50,000 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was purchased at an average cost of $6.19 per share, with a total value of $309,500.00. Following the acquisition, the insider directly owned 886,139 shares in the company, valued at $5,485,200.41. This trade represents a 5.98% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Thursday, November 20th, Sajal Srivastava acquired 42,999 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.28 per share, for a total transaction of $270,033.72.
• On Tuesday, November 18th, Sajal Srivastava bought 27,439 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.06 per share, for a total transaction of $166,280.34.
• On Monday, November 17th, Sajal Srivastava bought 44,648 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.06 per share, with a total value of $270,566.88.
• On Friday, November 14th, Sajal Srivastava purchased 46,700 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $5.99 per share, with a total value of $279,733.00.
• On Wednesday, November 12th, Sajal Srivastava acquired 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $5.95 per share, for a total transaction of $297,500.00.
• On Tuesday, November 11th, Sajal Srivastava acquired 26,117 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $5.76 per share, with a total value of $150,433.92.
• On Wednesday, September 3rd, Sajal Srivastava bought 48,800 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.77 per share, with a total value of $330,376.00.
• On Tuesday, September 2nd, Sajal Srivastava bought 54,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.72 per share, for a total transaction of $362,880.00.
• On Friday, August 29th, Sajal Srivastava purchased 65,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.73 per share, for a total transaction of $437,450.00.
• On Friday, August 29th, Sajal Srivastava purchased 65,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.73 per share, with a total value of $437,450.00.

TriplePoint Venture Growth BDC Stock Up 1.2%

Shares of TPVG stock opened at $6.33 on Friday. TriplePoint Venture Growth BDC Corp. has a 12-month low of $5.24 and a 12-month high of $8.50. The firm has a fifty day moving average of $5.77 and a 200-day moving average of $6.45. The company has a market capitalization of $255.53 million, a price-to-earnings ratio of 7.44 and a beta of 1.47.

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 analysts’ consensus estimates of $0.29 by ($0.03). The company 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%. On average, equities analysts expect that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current year.

TriplePoint Venture Growth BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be issued a dividend of $0.23 per share. The ex-dividend date is Tuesday, December 16th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 14.5%. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is presently 108.24%.

Institutional Trading of TriplePoint Venture Growth BDC

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Private Advisor Group LLC bought a new position in shares of TriplePoint Venture Growth BDC in the 1st quarter valued at about $72,000. Y Intercept Hong Kong Ltd bought a new position in TriplePoint Venture Growth BDC during the first quarter worth about $109,000. Norden Group LLC increased its position in TriplePoint Venture Growth BDC by 60.4% during the first quarter. Norden Group LLC now owns 41,688 shares of the investment management company’s stock worth $291,000 after buying an additional 15,690 shares during the last quarter. Townsquare Capital LLC raised its stake in TriplePoint Venture Growth BDC by 20.6% in the first quarter. Townsquare Capital LLC now owns 102,318 shares of the investment management company’s stock valued at $714,000 after buying an additional 17,445 shares during the period. Finally, HighTower Advisors LLC acquired a new stake in shares of TriplePoint Venture Growth BDC in the first quarter valued at approximately $72,000. 12.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on TPVG. Wall Street Zen downgraded TriplePoint Venture Growth BDC from a “hold” rating to a “sell” rating in a research report on Saturday. UBS Group reduced their target price on shares of 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. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research report on Wednesday. Piper Sandler cut their price target on shares of 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. Finally, Zacks Research downgraded shares of TriplePoint Venture Growth BDC from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Four equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $6.25.

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.