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

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava purchased 19,919 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were acquired at an average cost of $6.64 per share, for a total transaction of $132,262.16. Following the completion of the transaction, the insider directly owned 1,444,034 shares of the company’s stock, valued at $9,588,385.76. This trade represents a 1.40% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Monday, December 15th, Sajal Srivastava acquired 30,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.46 per share, with a total value of $193,800.00.
• On Thursday, December 11th, Sajal Srivastava bought 24,590 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.69 per share, for a total transaction of $164,507.10.
• On Wednesday, December 10th, Sajal Srivastava purchased 27,200 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.78 per share, with a total value of $184,416.00.
• On Friday, December 5th, Sajal Srivastava purchased 47,741 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.81 per share, with a total value of $325,116.21.
• On Thursday, December 4th, Sajal Srivastava acquired 47,713 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.62 per share, for a total transaction of $315,860.06.
• On Wednesday, December 3rd, Sajal Srivastava bought 24,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.57 per share, with a total value of $157,680.00.
• On Monday, December 1st, Sajal Srivastava bought 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.40 per share, with a total value of $320,000.00.
• On Monday, November 24th, Sajal Srivastava purchased 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.31 per share, for a total transaction of $315,500.00.
• On Friday, November 21st, Sajal Srivastava purchased 39,760 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.30 per share, for a total transaction of $250,488.00.
• On Thursday, November 20th, Sajal Srivastava acquired 42,999 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.28 per share, with a total value of $270,033.72.

TriplePoint Venture Growth BDC Price Performance

TPVG traded down $0.38 during trading on Tuesday, reaching $6.19. 186,509 shares of the stock traded hands, compared to its average volume of 328,220. The stock’s 50-day simple moving average is $5.96 and its two-hundred day simple moving average is $6.43. TriplePoint Venture Growth BDC Corp. has a fifty-two week low of $5.24 and a fifty-two week high of $8.20. The stock has a market cap of $249.87 million, a price-to-earnings ratio of 7.28 and a beta of 1.35.

TriplePoint Venture Growth BDC (NYSE:TPVG) last issued 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 firm had revenue of $22.66 million during the quarter, compared to analyst estimates of $24.22 million. Research analysts anticipate that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share 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. Investors of record on Tuesday, December 16th will be issued a $0.23 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $0.92 dividend on an annualized basis and a yield of 14.9%. TriplePoint Venture Growth BDC’s dividend payout ratio is currently 108.24%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. HighTower Advisors LLC bought a new position in TriplePoint Venture Growth BDC in the 1st quarter worth $72,000. Ethos Financial Group LLC bought a new position in TriplePoint Venture Growth BDC in the 1st quarter worth approximately $176,000. Samalin Investment Counsel LLC increased its position in TriplePoint Venture Growth BDC by 16.1% in the 1st quarter. Samalin Investment Counsel LLC now owns 81,906 shares of the investment management company’s stock worth $572,000 after buying an additional 11,364 shares during the period. Quarry LP lifted its holdings 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 worth $33,000 after buying an additional 1,629 shares during the last quarter. Finally, PharVision Advisers LLC grew its stake in shares of TriplePoint Venture Growth BDC by 15.7% in the first quarter. PharVision Advisers LLC now owns 13,193 shares of the investment management company’s stock worth $92,000 after acquiring an additional 1,789 shares during the last quarter. 12.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on TPVG shares. Wall Street Zen upgraded shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. 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 report on Thursday, October 9th. Zacks Research raised shares of TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. UBS Group lowered 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, December 8th. Five analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, TriplePoint Venture Growth BDC presently has an average rating of “Reduce” and a consensus target price 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.