TriplePoint Venture Growth BDC (NYSE:TPVG) Insider Acquires 50,000 Shares

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava bought 50,000 shares of the company’s stock in a transaction on Monday, December 1st. The stock was purchased at an average cost of $6.40 per share, for a total transaction of $320,000.00. Following the completion of the transaction, the insider owned 1,148,766 shares in the company, valued at approximately $7,352,102.40. The trade was a 4.55% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, November 24th, Sajal Srivastava acquired 50,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.31 per share, for a total transaction 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 price of $6.30 per share, with a total value of $250,488.00.
• On Thursday, November 20th, Sajal Srivastava purchased 42,999 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.28 per share, for a total transaction of $270,033.72.
• On Wednesday, November 19th, Sajal Srivastava acquired 50,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.19 per share, with a total value of $309,500.00.
• On Tuesday, November 18th, Sajal Srivastava acquired 27,439 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.06 per share, with a total value of $166,280.34.
• On Monday, November 17th, Sajal Srivastava bought 44,648 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.06 per share, for a total transaction of $270,566.88.
• On Friday, November 14th, Sajal Srivastava purchased 46,700 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $5.99 per share, with a total value of $279,733.00.
• On Wednesday, November 12th, Sajal Srivastava purchased 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 acquired 26,117 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $5.76 per share, for a total transaction of $150,433.92.

TriplePoint Venture Growth BDC Trading Up 3.3%

TriplePoint Venture Growth BDC stock traded up $0.21 during trading hours on Wednesday, reaching $6.61. 315,545 shares of the company were exchanged, compared to its average volume of 323,930. TriplePoint Venture Growth BDC Corp. has a 12 month low of $5.24 and a 12 month high of $8.38. The stock has a 50-day moving average of $5.80 and a 200 day moving average of $6.44. The firm has a market cap of $267.04 million, a price-to-earnings ratio of 7.78 and a beta of 1.35.

TriplePoint Venture Growth BDC (NYSE:TPVG) last issued 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, research analysts forecast that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current year.

TriplePoint Venture Growth BDC Dividend Announcement

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 issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 13.9%. The ex-dividend date is Tuesday, December 16th. TriplePoint Venture Growth BDC’s dividend payout ratio is 108.24%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Wall Street Zen lowered TriplePoint Venture Growth BDC from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Piper Sandler cut their price target on 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. 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. UBS Group dropped their target price on shares of 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. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a report on Monday. Four analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, TriplePoint Venture Growth BDC presently has an average rating of “Reduce” and an average target price of $6.25.

Institutional Trading of TriplePoint Venture Growth BDC

Several institutional investors have recently made changes to their positions in TPVG. Norden Group LLC increased its stake in TriplePoint Venture Growth BDC by 36.4% in the second quarter. Norden Group LLC now owns 56,848 shares of the investment management company’s stock valued at $399,000 after acquiring an additional 15,160 shares during the period. U.S. Capital Wealth Advisors LLC boosted its holdings in TriplePoint Venture Growth BDC by 23.2% during 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 purchasing an additional 7,600 shares in the last quarter. HighTower Advisors LLC acquired a new stake in TriplePoint Venture Growth BDC during the first quarter valued at approximately $72,000. Samalin Investment Counsel LLC grew its stake in shares of TriplePoint Venture Growth BDC by 13.1% in the 2nd quarter. Samalin Investment Counsel LLC now owns 92,636 shares of the investment management company’s stock valued at $649,000 after purchasing an additional 10,730 shares during the period. Finally, Quarry LP raised its holdings in shares of TriplePoint Venture Growth BDC by 53.6% in the 1st quarter. Quarry LP now owns 4,669 shares of the investment management company’s stock worth $33,000 after buying an additional 1,629 shares in the last quarter. 12.77% of the stock is currently owned by institutional investors and hedge funds.

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.