Sajal Srivastava Acquires 44,648 Shares of TriplePoint Venture Growth BDC (NYSE:TPVG) Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava purchased 44,648 shares of TriplePoint Venture Growth BDC stock in a transaction that occurred on Monday, November 17th. The shares were acquired at an average price of $6.06 per share, with a total value of $270,566.88. Following the acquisition, the insider directly owned 808,700 shares of the company’s stock, valued at $4,900,722. This trade represents a 5.84% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, November 18th, Sajal Srivastava purchased 27,439 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.06 per share, with a total value of $166,280.34.
• On Friday, November 14th, Sajal Srivastava acquired 46,700 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $5.99 per share, for a total transaction of $279,733.00.
• On Wednesday, November 12th, Sajal Srivastava bought 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost 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, with a total value of $150,433.92.
• On Wednesday, September 3rd, Sajal Srivastava bought 48,800 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price 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 bought at an average cost of $6.72 per share, for a total transaction of $362,880.00.
• On Friday, August 29th, Sajal Srivastava acquired 65,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.73 per share, for a total transaction of $437,450.00.
• On Friday, August 29th, Sajal Srivastava acquired 65,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.73 per share, with a total value of $437,450.00.
• On Thursday, August 28th, Sajal Srivastava bought 44,630 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.64 per share, for a total transaction of $296,343.20.
• On Thursday, August 28th, Sajal Srivastava bought 44,630 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.64 per share, for a total transaction of $296,343.20.

TriplePoint Venture Growth BDC Trading Up 1.6%

NYSE:TPVG traded up $0.10 during trading hours on Wednesday, reaching $6.15. 405,371 shares of the company traded hands, compared to its average volume of 319,058. The stock has a market capitalization of $248.26 million, a P/E ratio of 7.22 and a beta of 1.47. TriplePoint Venture Growth BDC Corp. has a 1 year low of $5.24 and a 1 year high of $8.50. The business’s 50-day moving average price is $5.80 and its two-hundred day moving average price is $6.45.

TriplePoint Venture Growth BDC (NYSE:TPVG) last released its quarterly earnings results on Wednesday, November 5th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). The firm had revenue of $22.66 million for the quarter, compared to the consensus estimate of $24.22 million. TriplePoint Venture Growth BDC had a net margin of 36.02% and a return on equity of 12.88%. As a group, equities analysts anticipate that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current year.

TriplePoint Venture Growth BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 15.0%. The ex-dividend date of this dividend is Tuesday, December 16th. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is presently 108.24%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Two Sigma Investments LP increased its position in shares of TriplePoint Venture Growth BDC by 58.6% in the third quarter. Two Sigma Investments LP now owns 612,727 shares of the investment management company’s stock worth $3,535,000 after purchasing an additional 226,479 shares during the last quarter. Marshall Wace LLP grew its holdings 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 worth $3,710,000 after acquiring an additional 163,916 shares during the last quarter. Legal & General Group Plc raised its position in TriplePoint Venture Growth BDC by 4.5% during the 2nd quarter. Legal & General Group Plc now owns 276,451 shares of the investment management company’s stock valued at $1,935,000 after purchasing an additional 11,965 shares during the last quarter. Townsquare Capital LLC lifted its stake in TriplePoint Venture Growth BDC by 20.6% in the first quarter. Townsquare Capital LLC now owns 102,318 shares of the investment management company’s stock worth $714,000 after acquiring an additional 17,445 shares during the period. Finally, Samalin Investment Counsel LLC increased its position in shares of TriplePoint Venture Growth BDC by 13.1% during 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 during the period. 12.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. UBS Group reduced their price objective on TriplePoint Venture Growth BDC from $6.50 to $5.50 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. 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. Piper Sandler reduced 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 research report on Thursday, October 9th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research report on Thursday, November 13th. Four research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company 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.