TriplePoint Venture Growth BDC (NYSE:TPVG) Insider Sajal Srivastava Acquires 30,877 Shares

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava purchased 30,877 shares of TriplePoint Venture Growth BDC stock in a transaction that occurred on Wednesday, January 7th. The stock was acquired at an average cost of $6.43 per share, with a total value of $198,539.11. Following the acquisition, the insider directly owned 1,941,857 shares in the company, valued at $12,486,140.51. This trade represents a 1.62% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, January 8th, Sajal Srivastava acquired 16,833 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.61 per share, with a total value of $111,266.13.
• On Tuesday, January 6th, Sajal Srivastava bought 34,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.61 per share, with a total value of $224,740.00.
• On Monday, January 5th, Sajal Srivastava purchased 40,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.70 per share, for a total transaction of $268,000.00.
• On Friday, January 2nd, Sajal Srivastava acquired 27,153 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.60 per share, with a total value of $179,209.80.
• On Wednesday, December 31st, Sajal Srivastava bought 30,459 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.55 per share, for a total transaction of $199,506.45.
• On Tuesday, December 30th, Sajal Srivastava purchased 25,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.45 per share, with a total value of $161,250.00.
• On Monday, December 29th, Sajal Srivastava acquired 27,410 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.34 per share, for a total transaction of $173,779.40.
• On Friday, December 26th, Sajal Srivastava acquired 31,600 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.30 per share, with a total value of $199,080.00.
• On Wednesday, December 24th, Sajal Srivastava purchased 26,756 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.30 per share, for a total transaction of $168,562.80.
• On Tuesday, December 23rd, Sajal Srivastava acquired 31,910 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.29 per share, with a total value of $200,713.90.

TriplePoint Venture Growth BDC Stock Performance

Shares of TPVG stock opened at $6.62 on Friday. 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’s fifty day moving average is $6.28 and its two-hundred day moving average is $6.36. The firm has a market capitalization of $267.25 million, a P/E ratio of 7.78 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 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). The business had revenue of $22.66 million during the quarter, compared to analyst estimates of $24.22 million. TriplePoint Venture Growth BDC had a net margin of 36.02% and a return on equity of 12.88%. On average, equities analysts forecast that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current year.

TriplePoint Venture Growth BDC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th were given a $0.23 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 13.9%. TriplePoint Venture Growth BDC’s dividend payout ratio is 108.24%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research note on Monday, December 29th. Zacks Research raised shares of TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Wall Street Zen upgraded shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. UBS Group reduced 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 note on Tuesday, October 14th. Finally, Piper Sandler dropped their price target 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 investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $6.25.

Institutional Investors Weigh In On TriplePoint Venture Growth BDC

A number of institutional investors and hedge funds have recently made changes to their positions in TPVG. Advisory Services Network LLC purchased a new position in shares of TriplePoint Venture Growth BDC during the 3rd quarter worth approximately $33,000. CANADA LIFE ASSURANCE Co lifted its stake in TriplePoint Venture Growth BDC by 35.5% during the third quarter. CANADA LIFE ASSURANCE Co now owns 51,515 shares of the investment management company’s stock worth $296,000 after purchasing an additional 13,490 shares in the last quarter. Verition Fund Management LLC boosted its position in shares of TriplePoint Venture Growth BDC by 14.1% during the third quarter. Verition Fund Management LLC now owns 22,677 shares of the investment management company’s stock worth $131,000 after buying an additional 2,800 shares during the period. Millennium Management LLC acquired a new stake in shares of TriplePoint Venture Growth BDC in the third quarter valued at $134,000. Finally, Brevan Howard Capital Management LP acquired a new stake in shares of TriplePoint Venture Growth BDC in the third quarter valued at $165,000. 12.77% of the stock is owned by hedge funds and other institutional investors.

About TriplePoint Venture Growth BDC

TriplePoint Venture Growth BDC Inc is a closed-end management investment company externally managed by TriplePoint Capital LLC. The firm specializes in providing customized debt and equity financing to growth-stage, venture capital– and private equity–backed companies. Its financing solutions include senior secured loans, unitranche facilities, subordinated debt and selective equity co-investments tailored to support expansion, working capital needs and strategic initiatives.

Launched in September 2018 and listed on the New York Stock Exchange under the symbol TPVG, TriplePoint Venture Growth BDC leverages the deep industry expertise and established underwriting capabilities of TriplePoint Capital, a venture lender since 2003.