Insider Buying: TriplePoint Venture Growth BDC (NYSE:TPVG) Insider Acquires 27,439 Shares of Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava bought 27,439 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were bought at an average cost of $6.06 per share, for a total transaction of $166,280.34. Following the completion of the acquisition, the insider directly owned 836,139 shares in the company, valued at approximately $5,067,002.34. This trade represents a 3.39% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, November 17th, Sajal Srivastava bought 44,648 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.06 per share, with a total value of $270,566.88.
• On Friday, November 14th, Sajal Srivastava acquired 46,700 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $5.99 per share, with a total value 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, for a total transaction of $297,500.00.
• On Tuesday, November 11th, Sajal Srivastava bought 26,117 shares of TriplePoint Venture Growth BDC stock. The stock was acquired 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 bought at an average cost of $6.77 per share, with a total value of $330,376.00.
• On Tuesday, September 2nd, Sajal Srivastava acquired 54,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.72 per share, with a total value 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, 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 shares were bought at an average price of $6.73 per share, for a total transaction of $437,450.00.
• On Thursday, August 28th, Sajal Srivastava acquired 44,630 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.64 per share, for a total transaction 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 price of $6.64 per share, for a total transaction of $296,343.20.

TriplePoint Venture Growth BDC Stock Up 1.6%

Shares of TriplePoint Venture Growth BDC stock traded up $0.10 during trading on Wednesday, hitting $6.15. 405,371 shares of the stock traded hands, compared to its average volume of 319,058. TriplePoint Venture Growth BDC Corp. has a 52 week low of $5.24 and a 52 week high of $8.50. The stock has a market cap of $248.26 million, a price-to-earnings ratio of 7.23 and a beta of 1.47. The firm’s fifty day moving average is $5.80 and its 200-day moving average is $6.45.

TriplePoint Venture Growth BDC (NYSE:TPVG) last announced its quarterly 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 net margin of 36.02% and a return on equity of 12.88%. The firm had revenue of $22.66 million for the quarter, compared to analysts’ expectations of $24.22 million. On average, analysts forecast that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current fiscal year.

TriplePoint Venture Growth BDC Dividend Announcement

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

Analysts Set New Price Targets

TPVG has been the topic of several research analyst reports. Piper Sandler lowered their price target 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. 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. Weiss Ratings reissued a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a report on Thursday, November 13th. Finally, UBS Group decreased 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. Four analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $6.25.

Institutional Trading of TriplePoint Venture Growth BDC

Institutional investors have recently bought and sold shares of the business. Nomura Asset Management Co. Ltd. acquired a new stake in TriplePoint Venture Growth BDC during the 2nd quarter worth $26,000. Quarry LP raised its holdings in TriplePoint Venture Growth BDC by 53.6% in the 1st quarter. Quarry LP now owns 4,669 shares of the investment management company’s stock valued at $33,000 after buying an additional 1,629 shares during the period. Advisory Services Network LLC purchased a new position in shares of TriplePoint Venture Growth BDC during the 3rd quarter worth approximately $33,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of TriplePoint Venture Growth BDC in the 2nd quarter valued at $35,000. Finally, Private Advisor Group LLC acquired a new stake in shares of TriplePoint Venture Growth BDC during the first quarter worth about $72,000. 12.77% of the stock is owned by institutional investors and hedge funds.

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.