TriplePoint Venture Growth BDC (NYSE:TPVG) Insider Buys $172,701.00 in Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava bought 27,900 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was purchased at an average price of $6.19 per share, with a total value of $172,701.00. Following the transaction, the insider owned 1,540,978 shares in the company, valued at approximately $9,538,653.82. This represents a 1.84% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, December 16th, Sajal Srivastava acquired 39,044 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.18 per share, for a total transaction of $241,291.92.
• On Monday, December 15th, Sajal Srivastava bought 30,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.46 per share, with a total value of $193,800.00.
• On Friday, December 12th, Sajal Srivastava purchased 19,919 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.64 per share, for a total transaction of $132,262.16.
• On Thursday, December 11th, Sajal Srivastava purchased 24,590 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.69 per share, for a total transaction of $164,507.10.
• On Wednesday, December 10th, Sajal Srivastava acquired 27,200 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price 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 purchased at an average price of $6.81 per share, with a total value of $325,116.21.
• On Thursday, December 4th, Sajal Srivastava purchased 47,713 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.62 per share, for a total transaction of $315,860.06.
• On Wednesday, December 3rd, Sajal Srivastava acquired 24,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost 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 stock was acquired at an average price of $6.40 per share, for a total transaction of $320,000.00.
• On Monday, November 24th, Sajal Srivastava purchased 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.31 per share, with a total value of $315,500.00.

TriplePoint Venture Growth BDC Stock Performance

Shares of NYSE:TPVG traded up $0.12 on Thursday, hitting $6.30. The company’s stock had a trading volume of 417,186 shares, compared to its average volume of 331,880. The company has a market capitalization of $254.52 million, a price-to-earnings ratio of 7.41 and a beta of 1.35. TriplePoint Venture Growth BDC Corp. has a 12 month low of $5.24 and a 12 month high of $8.20. The stock’s 50-day moving average is $5.98 and its two-hundred day moving average is $6.43.

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). 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%. Equities analysts expect 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $0.92 annualized dividend and a yield of 14.6%. TriplePoint Venture Growth BDC’s dividend payout ratio is currently 108.24%.

Institutional Investors Weigh In On TriplePoint Venture Growth BDC

A number of institutional investors and hedge funds have recently modified their holdings of TPVG. Two Sigma Investments LP raised its position 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 worth $3,535,000 after acquiring an additional 226,479 shares in the last quarter. Marshall Wace LLP boosted its stake 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 purchasing an additional 163,916 shares during the period. Legal & General Group Plc increased its position in TriplePoint Venture Growth BDC by 4.5% during the second quarter. Legal & General Group Plc now owns 276,451 shares of the investment management company’s stock worth $1,935,000 after acquiring an additional 11,965 shares during the period. Samalin Investment Counsel LLC raised its position in shares of TriplePoint Venture Growth BDC by 13.1% in the second quarter. Samalin Investment Counsel LLC now owns 92,636 shares of the investment management company’s stock valued at $649,000 after buying an additional 10,730 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in TriplePoint Venture Growth BDC by 7.3% in the 2nd quarter. Jane Street Group LLC now owns 72,663 shares of the investment management company’s stock valued at $509,000 after acquiring an additional 4,970 shares in the last quarter. 12.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on TPVG. Wall Street Zen raised shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research report on Monday. UBS Group cut their price objective on 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. Zacks Research raised TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Finally, Piper Sandler cut their target price on shares of TriplePoint Venture Growth BDC from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, October 9th. Five research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, TriplePoint Venture Growth BDC currently has a consensus rating of “Reduce” and a consensus 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.