TriplePoint Venture Growth BDC (NYSE:TPVG) Insider Purchases 30,000 Shares

by · The Markets Daily

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

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

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

TriplePoint Venture Growth BDC Price Performance

Shares of TriplePoint Venture Growth BDC stock traded down $0.38 on Tuesday, hitting $6.19. 186,509 shares of the company’s stock traded hands, compared to its average volume of 328,220. The firm’s 50-day moving average price is $5.96 and its two-hundred day moving average price is $6.43. The stock has a market capitalization of $249.87 million, a PE ratio of 7.31 and a beta of 1.35. TriplePoint Venture Growth BDC Corp. has a one year low of $5.24 and a one year high of $8.20.

TriplePoint Venture Growth BDC (NYSE:TPVG – Get Free Report) last released 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). The company had revenue of $22.66 million during the quarter, compared to the consensus estimate of $24.22 million. TriplePoint Venture Growth BDC had a net margin of 36.02% and a return on equity of 12.88%. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $0.92 annualized dividend and a yield of 14.9%. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is presently 108.24%.

Hedge Funds Weigh In On TriplePoint Venture Growth BDC

A number of institutional investors have recently added to or reduced their stakes in TPVG. Nomura Asset Management Co. Ltd. purchased a new position in TriplePoint Venture Growth BDC during the 2nd quarter valued at about $26,000. Quarry LP increased its holdings in shares of TriplePoint Venture Growth BDC by 53.6% during 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 in the last quarter. Advisory Services Network LLC purchased a new position in shares of TriplePoint Venture Growth BDC in the 3rd quarter worth about $33,000. Northwestern Mutual Wealth Management Co. bought a new position in TriplePoint Venture Growth BDC in the 2nd quarter worth about $35,000. Finally, HighTower Advisors LLC purchased a new stake in TriplePoint Venture Growth BDC during the 1st quarter valued at about $72,000. 12.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. UBS Group decreased their target price on 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. Weiss Ratings restated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a report on Monday, December 8th. Piper Sandler cut their price objective 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. Zacks Research raised shares of TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Finally, Wall Street Zen upgraded shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Five equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, TriplePoint Venture Growth BDC has an average rating of “Reduce” and a consensus price target of $6.25.

Get Our Latest Stock Analysis on TPVG

About TriplePoint Venture Growth BDC

(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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