Sajal Srivastava Buys 47,741 Shares of TriplePoint Venture Growth BDC (NYSE:TPVG) Stock

by · The Cerbat Gem

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG – Get Free Report) insider Sajal Srivastava bought 47,741 shares of TriplePoint Venture Growth BDC stock in a transaction dated Friday, December 5th. The stock was acquired at an average cost of $6.81 per share, with a total value of $325,116.21. Following the completion of the acquisition, the insider directly owned 1,318,220 shares of the company’s stock, valued at approximately $8,977,078.20. The trade was a 3.76% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

  • On Thursday, December 4th, Sajal Srivastava purchased 47,713 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.62 per share, for a total transaction of $315,860.06.
  • On Wednesday, December 3rd, Sajal Srivastava acquired 24,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought 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 cost of $6.40 per share, with a total value of $320,000.00.
  • On Monday, November 24th, Sajal Srivastava acquired 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.31 per share, for a total transaction of $315,500.00.
  • On Friday, November 21st, Sajal Srivastava bought 39,760 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.30 per share, for a total transaction of $250,488.00.
  • On Thursday, November 20th, Sajal Srivastava bought 42,999 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.28 per share, with a total value of $270,033.72.
  • On Wednesday, November 19th, Sajal Srivastava bought 50,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.19 per share, for a total transaction of $309,500.00.
  • On Tuesday, November 18th, Sajal Srivastava bought 27,439 shares of TriplePoint Venture Growth BDC stock. The stock was bought 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 shares were purchased at an average price of $6.06 per share, for a total transaction of $270,566.88.
  • On Friday, November 14th, Sajal Srivastava bought 46,700 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $5.99 per share, for a total transaction of $279,733.00.

TriplePoint Venture Growth BDC Stock Up 0.7%

Shares of TriplePoint Venture Growth BDC stock traded up $0.05 during trading hours on Tuesday, hitting $6.73. 183,150 shares of the company’s stock traded hands, compared to its average volume of 325,933. The company has a market cap of $271.69 million, a PE ratio of 7.91 and a beta of 1.35. TriplePoint Venture Growth BDC Corp. has a twelve month low of $5.24 and a twelve month high of $8.32. The stock has a 50 day simple moving average of $5.86 and a 200-day simple moving average of $6.44.

TriplePoint Venture Growth BDC (NYSE:TPVG – Get Free Report) last released its earnings results 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). The firm had revenue of $22.66 million for the quarter, compared to the consensus estimate of $24.22 million. TriplePoint Venture Growth BDC had a return on equity of 12.88% and a net margin of 36.02%. As a group, equities research analysts predict that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current year.

TriplePoint Venture Growth BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 13.7%. The ex-dividend date of this dividend is Tuesday, December 16th. TriplePoint Venture Growth BDC’s dividend payout ratio is 108.24%.

Analysts Set New Price Targets

TPVG has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research note on Monday, December 1st. Wall Street Zen upgraded TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Saturday. UBS Group dropped their price objective on 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 cut TriplePoint Venture Growth BDC from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Finally, Piper Sandler lowered their target price 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. Four investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $6.25.

Read Our Latest Stock Report on TriplePoint Venture Growth BDC

Institutional Investors Weigh In On TriplePoint Venture Growth BDC

A number of large investors have recently bought and sold shares of TPVG. Two Sigma Investments LP raised its holdings in TriplePoint Venture Growth BDC by 58.6% during the third quarter. Two Sigma Investments LP now owns 612,727 shares of the investment management company’s stock valued at $3,535,000 after buying an additional 226,479 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of TriplePoint Venture Growth BDC by 44.9% during the 2nd quarter. Marshall Wace LLP now owns 529,201 shares of the investment management company’s stock valued at $3,710,000 after acquiring an additional 163,916 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of TriplePoint Venture Growth BDC by 4.5% during the 2nd quarter. Legal & General Group Plc now owns 276,451 shares of the investment management company’s stock valued at $1,935,000 after acquiring an additional 11,965 shares during the last quarter. Townsquare Capital LLC raised its stake in shares of TriplePoint Venture Growth BDC by 20.6% in the 1st quarter. Townsquare Capital LLC now owns 102,318 shares of the investment management company’s stock valued at $714,000 after acquiring an additional 17,445 shares in the last quarter. Finally, Samalin Investment Counsel LLC lifted its holdings in TriplePoint Venture Growth BDC by 13.1% in the 2nd quarter. Samalin Investment Counsel LLC now owns 92,636 shares of the investment management company’s stock worth $649,000 after purchasing an additional 10,730 shares during the last quarter. 12.77% of the stock is currently owned by institutional investors.

TriplePoint Venture Growth BDC Company Profile

(Get Free Report)

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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