TriplePoint Venture Growth BDC (NYSE:TPVG) Insider Sajal Srivastava Acquires 19,919 Shares

by · The Markets Daily

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG – Get Free Report) insider Sajal Srivastava bought 19,919 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was purchased at an average price of $6.64 per share, for a total transaction of $132,262.16. Following the acquisition, the insider directly owned 1,444,034 shares of the company’s stock, valued at approximately $9,588,385.76. The trade was a 1.40% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

  • On Monday, December 15th, Sajal Srivastava purchased 30,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.46 per share, with a total value of $193,800.00.
  • On Thursday, December 11th, Sajal Srivastava purchased 24,590 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.69 per share, with a total value of $164,507.10.
  • On Wednesday, December 10th, Sajal Srivastava purchased 27,200 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.78 per share, for a total transaction of $184,416.00.
  • On Friday, December 5th, Sajal Srivastava acquired 47,741 shares of TriplePoint Venture Growth BDC stock. The stock was purchased 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 shares were purchased at an average price of $6.62 per share, with a total value of $315,860.06.
  • On Wednesday, December 3rd, Sajal Srivastava bought 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 purchased 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.40 per share, for a total transaction of $320,000.00.
  • On Monday, November 24th, Sajal Srivastava purchased 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost 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 acquired at an average price of $6.30 per share, with a total value 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 price of $6.28 per share, for a total transaction of $270,033.72.

TriplePoint Venture Growth BDC Stock Performance

TPVG opened at $6.14 on Wednesday. The stock has a market capitalization of $247.85 million, a PE ratio of 7.22 and a beta of 1.35. The stock’s 50 day moving average price is $5.97 and its 200-day moving average price is $6.43. TriplePoint Venture Growth BDC Corp. has a 52-week low of $5.24 and a 52-week high of $8.20.

TriplePoint Venture Growth BDC (NYSE:TPVG – Get Free Report) last announced its quarterly 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 business had revenue of $22.66 million during the quarter, compared to analysts’ expectations of $24.22 million. TriplePoint Venture Growth BDC had a return on equity of 12.88% and a net margin of 36.02%. Research analysts forecast that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current fiscal year.

TriplePoint Venture Growth BDC Dividend Announcement

The business 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 dividend of $0.23 per share. 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 payout ratio is presently 108.24%.

Institutional Trading of TriplePoint Venture Growth BDC

Several hedge funds and other institutional investors have recently made changes to their positions in TPVG. Quarry LP boosted its stake in shares of 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 worth $33,000 after buying an additional 1,629 shares during the last quarter. PharVision Advisers LLC lifted its holdings in TriplePoint Venture Growth BDC by 15.7% in the first quarter. PharVision Advisers LLC now owns 13,193 shares of the investment management company’s stock valued at $92,000 after acquiring an additional 1,789 shares during the period. Kovack Advisors Inc. boosted its position in TriplePoint Venture Growth BDC by 4.4% in the third quarter. Kovack Advisors Inc. now owns 52,519 shares of the investment management company’s stock worth $303,000 after purchasing an additional 2,200 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its stake in shares of 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 valued at $248,000 after purchasing an additional 2,600 shares during the period. Finally, Verition Fund Management LLC grew its stake in shares of 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 valued at $131,000 after purchasing an additional 2,800 shares during the period. Hedge funds and other institutional investors own 12.77% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Piper Sandler lowered their price objective on shares of 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. 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 report on Tuesday, October 14th. Weiss Ratings restated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research note on Monday. Zacks Research upgraded TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Finally, Wall Street Zen raised TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Five research 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, TriplePoint Venture Growth BDC presently has a consensus rating of “Reduce” and an average target price of $6.25.

Read Our Latest Stock Analysis on TPVG

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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