TriplePoint Venture Growth BDC (NYSE:TPVG) Insider Sajal Srivastava Buys 30,000 Shares

by · The Cerbat Gem

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG – Get Free Report) insider Sajal Srivastava purchased 30,000 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was bought at an average cost of $6.46 per share, for a total transaction of $193,800.00. Following the completion of the purchase, the insider directly owned 1,474,034 shares of the company’s stock, valued at $9,522,259.64. The trade was a 2.08% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Friday, December 12th, Sajal Srivastava bought 19,919 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.64 per share, with a total value of $132,262.16.
  • On Thursday, December 11th, Sajal Srivastava bought 24,590 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.69 per share, for a total transaction of $164,507.10.
  • On Wednesday, December 10th, Sajal Srivastava bought 27,200 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.78 per share, with a total value of $184,416.00.
  • On Friday, December 5th, Sajal Srivastava purchased 47,741 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.81 per share, for a total transaction of $325,116.21.
  • On Thursday, December 4th, Sajal Srivastava bought 47,713 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.62 per share, for a total transaction of $315,860.06.
  • On Wednesday, December 3rd, Sajal Srivastava purchased 24,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.57 per share, for a total transaction of $157,680.00.
  • On Monday, December 1st, Sajal Srivastava acquired 50,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.40 per share, for a total transaction of $320,000.00.
  • On Monday, November 24th, Sajal Srivastava bought 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.31 per share, with a total value of $315,500.00.
  • On Friday, November 21st, Sajal Srivastava acquired 39,760 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.30 per share, for a total transaction of $250,488.00.
  • On Thursday, November 20th, Sajal Srivastava acquired 42,999 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.28 per share, for a total transaction of $270,033.72.

TriplePoint Venture Growth BDC Stock Down 6.5%

Shares of TPVG opened at $6.14 on Wednesday. The stock’s 50-day moving average price is $5.97 and its 200 day moving average price is $6.43. The firm has a market capitalization of $247.85 million, a price-to-earnings ratio of 7.22 and a beta of 1.35. TriplePoint Venture Growth BDC Corp. has a 12-month low of $5.24 and a 12-month high of $8.20.

TriplePoint Venture Growth BDC (NYSE:TPVG – Get Free Report) last announced its quarterly earnings data 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 business had revenue of $22.66 million during the quarter, compared to analyst estimates of $24.22 million. TriplePoint Venture Growth BDC had a net margin of 36.02% and a return on equity of 12.88%. Equities research analysts expect that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS 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. 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 is Tuesday, December 16th. TriplePoint Venture Growth BDC’s payout ratio is currently 108.24%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. acquired a new stake in TriplePoint Venture Growth BDC during the 2nd quarter worth $26,000. Quarry LP increased its holdings 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 worth $33,000 after acquiring an additional 1,629 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of TriplePoint Venture Growth BDC during the third quarter worth about $33,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of TriplePoint Venture Growth BDC during the 2nd quarter valued at about $35,000. Finally, HighTower Advisors LLC acquired a new position in shares of TriplePoint Venture Growth BDC in the 1st quarter valued at approximately $72,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on TPVG shares. 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 report on Thursday, October 9th. Zacks Research upgraded TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Wall Street Zen upgraded shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. UBS Group reduced 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 report on Tuesday, October 14th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research report on Monday. Five research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $6.25.

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TriplePoint Venture Growth BDC Company Profile

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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.

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