Insider Buying: TriplePoint Venture Growth BDC (NYSE:TPVG) Insider Acquires $173,779.40 in Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) insider Sajal Srivastava bought 27,410 shares of the business’s stock in a transaction dated Monday, December 29th. The shares were bought at an average cost of $6.34 per share, for a total transaction of $173,779.40. Following the completion of the transaction, the insider directly owned 1,739,554 shares of the company’s stock, valued at $11,028,772.36. This trade represents a 1.60% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Tuesday, December 30th, Sajal Srivastava purchased 25,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.45 per share, with a total value of $161,250.00.
• On Friday, December 26th, Sajal Srivastava acquired 31,600 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.30 per share, for a total transaction of $199,080.00.
• On Wednesday, December 24th, Sajal Srivastava acquired 26,756 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.30 per share, with a total value of $168,562.80.
• On Tuesday, December 23rd, Sajal Srivastava bought 31,910 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.29 per share, with a total value of $200,713.90.
• On Monday, December 22nd, Sajal Srivastava purchased 26,900 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.29 per share, for a total transaction of $169,201.00.
• On Friday, December 19th, Sajal Srivastava purchased 29,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.25 per share, with a total value of $181,250.00.
• On Thursday, December 18th, Sajal Srivastava acquired 25,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.30 per share, for a total transaction of $157,500.00.
• On Wednesday, December 17th, Sajal Srivastava bought 27,900 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.19 per share, for a total transaction of $172,701.00.
• On Tuesday, December 16th, Sajal Srivastava bought 39,044 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.18 per share, with a total value of $241,291.92.
• On Monday, December 15th, Sajal Srivastava bought 30,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.46 per share, with a total value of $193,800.00.

TriplePoint Venture Growth BDC Trading Up 1.5%

Shares of TPVG stock opened at $6.64 on Friday. The company has a market capitalization of $268.09 million, a price-to-earnings ratio of 7.81 and a beta of 1.35. TriplePoint Venture Growth BDC Corp. has a 1-year low of $5.24 and a 1-year high of $8.20. The stock’s fifty day simple moving average is $6.18 and its 200-day simple moving average is $6.37.

TriplePoint Venture Growth BDC (NYSE:TPVG) last announced its quarterly earnings data on Wednesday, November 5th. The investment management company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $22.66 million for the quarter, compared to analyst estimates of $24.22 million. On average, sell-side analysts predict that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current year.

TriplePoint Venture Growth BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $0.92 dividend on an annualized basis and a yield of 13.9%. TriplePoint Venture Growth BDC’s payout ratio is presently 108.24%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Quarry LP raised its position in shares of 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 purchasing an additional 1,629 shares during the period. PharVision Advisers LLC grew its stake in TriplePoint Venture Growth BDC by 15.7% in the 1st quarter. PharVision Advisers LLC now owns 13,193 shares of the investment management company’s stock valued at $92,000 after buying an additional 1,789 shares during the last quarter. Kovack Advisors Inc. raised its holdings in TriplePoint Venture Growth BDC by 4.4% in the 3rd quarter. Kovack Advisors Inc. now owns 52,519 shares of the investment management company’s stock worth $303,000 after acquiring an additional 2,200 shares during the period. U.S. Capital Wealth Advisors LLC lifted its position in TriplePoint Venture Growth BDC by 6.4% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 42,980 shares of the investment management company’s stock worth $248,000 after acquiring an additional 2,600 shares during the last quarter. Finally, Verition Fund Management LLC lifted its position in TriplePoint Venture Growth BDC by 14.1% during the 3rd quarter. Verition Fund Management LLC now owns 22,677 shares of the investment management company’s stock worth $131,000 after acquiring an additional 2,800 shares during the last quarter. 12.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. UBS Group dropped their price target on shares of TriplePoint Venture Growth BDC from $6.50 to $5.50 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. Zacks Research raised TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Piper Sandler reduced their price target on TriplePoint Venture Growth BDC from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, October 9th. Weiss Ratings restated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a report on Monday. Finally, Wall Street Zen raised shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Five investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $6.25.

TriplePoint Venture Growth BDC Company Profile

TriplePoint Venture Growth BDC Inc is a closed-end management investment company externally managed by TriplePoint Capital LLC. The firm specializes in providing customized debt and equity financing to growth-stage, venture capital– and private equity–backed companies. Its financing solutions include senior secured loans, unitranche facilities, subordinated debt and selective equity co-investments tailored to support expansion, working capital needs and strategic initiatives.

Launched in September 2018 and listed on the New York Stock Exchange under the symbol TPVG, TriplePoint Venture Growth BDC leverages the deep industry expertise and established underwriting capabilities of TriplePoint Capital, a venture lender since 2003.