TriplePoint Venture Growth BDC (NYSE:TPVG) Insider Sajal Srivastava Buys 42,999 Shares

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava acquired 42,999 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was purchased at an average price of $6.28 per share, for a total transaction of $270,033.72. Following the completion of the transaction, the insider owned 929,138 shares in the company, valued at $5,834,986.64. The trade was a 4.85% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Wednesday, November 19th, Sajal Srivastava bought 50,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.19 per share, for a total transaction of $309,500.00.
• On Tuesday, November 18th, Sajal Srivastava purchased 27,439 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.06 per share, with a total value of $166,280.34.
• On Monday, November 17th, Sajal Srivastava acquired 44,648 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.06 per share, with a total value of $270,566.88.
• On Friday, November 14th, Sajal Srivastava bought 46,700 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price 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 acquired at an average cost of $5.95 per share, with a total value of $297,500.00.
• On Tuesday, November 11th, Sajal Srivastava purchased 26,117 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $5.76 per share, for a total transaction of $150,433.92.
• On Wednesday, September 3rd, Sajal Srivastava acquired 48,800 shares of TriplePoint Venture Growth BDC stock. The shares were 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 bought at an average price of $6.73 per share, for a total transaction of $437,450.00.
• On Friday, August 29th, Sajal Srivastava purchased 65,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.73 per share, for a total transaction of $437,450.00.

TriplePoint Venture Growth BDC Trading Up 0.9%

Shares of TPVG traded up $0.06 during trading hours on Friday, reaching $6.31. The company had a trading volume of 450,156 shares, compared to its average volume of 321,312. TriplePoint Venture Growth BDC Corp. has a 12-month low of $5.24 and a 12-month high of $8.50. The firm has a 50 day simple moving average of $5.78 and a 200-day simple moving average of $6.44. The company has a market capitalization of $254.72 million, a price-to-earnings ratio of 7.42 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 for the quarter, missing the consensus estimate of $0.29 by ($0.03). TriplePoint Venture Growth BDC had a return on equity of 12.88% and a net margin of 36.02%.The company had revenue of $22.66 million for the quarter, compared to analyst estimates of $24.22 million. Sell-side analysts forecast that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current year.

TriplePoint Venture Growth BDC Announces Dividend

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 given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 14.6%. The ex-dividend date is Tuesday, December 16th. TriplePoint Venture Growth BDC’s payout ratio is presently 108.24%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Piper Sandler dropped their price target on TriplePoint Venture Growth BDC from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, October 9th. Weiss Ratings restated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research report on Wednesday. Zacks Research downgraded shares of TriplePoint Venture Growth BDC from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Finally, UBS Group dropped their price objective on shares of 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 investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $6.25.

Institutional Trading of TriplePoint Venture Growth BDC

Institutional investors have recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. acquired a new stake in shares of TriplePoint Venture Growth BDC during the 2nd quarter worth $26,000. Quarry LP boosted its holdings 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 valued at $33,000 after acquiring an additional 1,629 shares during the last quarter. Advisory Services Network LLC purchased a new stake in TriplePoint Venture Growth BDC during the third quarter valued at about $33,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of TriplePoint Venture Growth BDC in the 2nd quarter worth about $35,000. Finally, Private Advisor Group LLC acquired a new position in shares of TriplePoint Venture Growth BDC in the 1st quarter valued at about $72,000. 12.77% of the stock is owned by hedge funds and other institutional investors.

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.