Sajal Srivastava Purchases 26,117 Shares of TriplePoint Venture Growth BDC (NYSE:TPVG) Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava bought 26,117 shares of TriplePoint Venture Growth BDC stock in a transaction dated Tuesday, November 11th. The stock was acquired at an average cost of $5.76 per share, with a total value of $150,433.92. Following the completion of the acquisition, the insider owned 617,352 shares of the company’s stock, valued at $3,555,947.52. This represents a 4.42% increase in their ownership of the stock. The transaction 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 Wednesday, November 12th, Sajal Srivastava purchased 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 Wednesday, September 3rd, Sajal Srivastava acquired 48,800 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.77 per share, for a total transaction of $330,376.00.
• On Tuesday, September 2nd, Sajal Srivastava acquired 54,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.72 per share, with a total value of $362,880.00.
• On Friday, August 29th, Sajal Srivastava bought 65,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.73 per share, with a total value 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 cost of $6.73 per share, for a total transaction of $437,450.00.
• On Thursday, August 28th, Sajal Srivastava purchased 44,630 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.64 per share, with a total value of $296,343.20.
• On Thursday, August 28th, Sajal Srivastava acquired 44,630 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.64 per share, for a total transaction of $296,343.20.
• On Wednesday, August 27th, Sajal Srivastava bought 53,160 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.63 per share, for a total transaction of $352,450.80.
• On Tuesday, August 26th, Sajal Srivastava purchased 27,988 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.48 per share, with a total value of $181,362.24.
• On Monday, August 25th, Sajal Srivastava purchased 80,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.48 per share, for a total transaction of $518,400.00.

TriplePoint Venture Growth BDC Trading Up 1.0%

Shares of NYSE TPVG opened at $6.02 on Friday. The stock has a fifty day simple moving average of $5.83 and a two-hundred day simple moving average of $6.44. TriplePoint Venture Growth BDC Corp. has a 1-year low of $5.24 and a 1-year high of $8.50. The firm has a market cap of $243.21 million, a price-to-earnings ratio of 7.08 and a beta of 1.47.

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 (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.03). TriplePoint Venture Growth BDC had a net margin of 36.02% and a return on equity of 12.88%. The firm had revenue of $22.66 million during the quarter, compared to the consensus estimate of $24.22 million. Analysts forecast that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current year.

TriplePoint Venture Growth BDC Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $0.92 annualized dividend and a yield of 15.3%. TriplePoint Venture Growth BDC’s dividend payout ratio is 108.24%.

Hedge Funds Weigh In On TriplePoint Venture Growth BDC

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. bought a new stake in shares of TriplePoint Venture Growth BDC in the 2nd quarter worth approximately $26,000. Quarry LP lifted its stake in TriplePoint Venture Growth BDC by 53.6% in the first quarter. Quarry LP now owns 4,669 shares of the investment management company’s stock worth $33,000 after purchasing an additional 1,629 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in TriplePoint Venture Growth BDC during the second quarter valued at about $35,000. HighTower Advisors LLC bought a new position in shares of TriplePoint Venture Growth BDC during the first quarter valued at about $72,000. Finally, Private Advisor Group LLC purchased a new position in shares of TriplePoint Venture Growth BDC in the first quarter worth about $72,000. 12.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TPVG shares. 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. Weiss Ratings reiterated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research report on Thursday. Piper Sandler dropped their price objective on 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. Finally, UBS Group cut their target price on TriplePoint Venture Growth BDC from $6.50 to $5.50 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Four equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, TriplePoint Venture Growth BDC presently has an average rating of “Reduce” and an average 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.