Sajal Srivastava Acquires 46,700 Shares of TriplePoint Venture Growth BDC (NYSE:TPVG) Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava acquired 46,700 shares of the business’s stock in a transaction on Friday, November 14th. The shares were purchased at an average cost of $5.99 per share, for a total transaction of $279,733.00. Following the completion of the acquisition, the insider directly owned 764,052 shares in the company, valued at approximately $4,576,671.48. The trade was a 6.51% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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 purchased at an average cost of $5.95 per share, for a total transaction of $297,500.00.
• On Tuesday, November 11th, Sajal Srivastava acquired 26,117 shares of TriplePoint Venture Growth BDC stock. The stock was purchased 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 shares were purchased at an average cost of $6.77 per share, for a total transaction of $330,376.00.
• On Tuesday, September 2nd, Sajal Srivastava bought 54,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.72 per share, with a total value of $362,880.00.
• On Friday, August 29th, Sajal Srivastava purchased 65,000 shares of TriplePoint Venture Growth BDC stock. The shares were 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 acquired at an average cost of $6.73 per share, for a total transaction of $437,450.00.
• On Thursday, August 28th, Sajal Srivastava bought 44,630 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.64 per share, with a total value of $296,343.20.
• On Thursday, August 28th, Sajal Srivastava bought 44,630 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.64 per share, for a total transaction of $296,343.20.
• On Wednesday, August 27th, Sajal Srivastava purchased 53,160 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost 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.

TriplePoint Venture Growth BDC Stock Performance

Shares of TPVG stock opened at $6.06 on Wednesday. The firm has a market cap of $244.82 million, a price-to-earnings ratio of 7.13 and a beta of 1.47. TriplePoint Venture Growth BDC Corp. has a 52 week low of $5.24 and a 52 week high of $8.50. The firm’s 50-day simple moving average is $5.80 and its two-hundred day simple moving average is $6.45.

TriplePoint Venture Growth BDC (NYSE:TPVG) last issued its quarterly 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). The company had revenue of $22.66 million for the quarter, compared to analysts’ expectations of $24.22 million. TriplePoint Venture Growth BDC had a return on equity of 12.88% and a net margin of 36.02%. 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be paid a $0.23 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $0.92 annualized dividend and a dividend yield of 15.2%. TriplePoint Venture Growth BDC’s payout ratio is presently 108.24%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TPVG shares. Zacks Research downgraded TriplePoint Venture Growth BDC from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. UBS Group cut their target price on shares of TriplePoint Venture Growth BDC from $6.50 to $5.50 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Weiss Ratings reissued a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research report on Thursday, November 13th. 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 on the stock in a research note on Thursday, October 9th. Four equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $6.25.

Institutional Investors Weigh In On TriplePoint Venture Growth BDC

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Two Sigma Investments LP raised 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 buying an additional 226,479 shares in the last quarter. Marshall Wace LLP increased 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 worth $3,710,000 after acquiring an additional 163,916 shares during the last quarter. Meridian Wealth Management LLC bought a new position in TriplePoint Venture Growth BDC in the 3rd quarter worth about $173,000. Aquatic Capital Management LLC raised its holdings in shares of TriplePoint Venture Growth BDC by 251.3% in the 3rd quarter. Aquatic Capital Management LLC now owns 41,137 shares of the investment management company’s stock valued at $237,000 after acquiring an additional 29,427 shares in the last quarter. Finally, Brevan Howard Capital Management LP bought a new stake in shares of TriplePoint Venture Growth BDC during the 3rd quarter valued at about $165,000. 12.77% of the stock is currently owned by institutional investors.

About TriplePoint Venture Growth BDC

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.