TriplePoint Venture Growth BDC (NYSE:TPVG) Insider Sajal Srivastava Purchases 50,000 Shares

Key Points

  • Insider buying: Sajal Srivastava bought 50,000 TPVG shares on Dec 1 at $6.40 (~$320,000), part of a multi-day November buying spree that left him owning 1,148,766 shares (a 4.55% increase).
  • Generous but risky dividend: TPVG pays $0.23 quarterly ($0.92 annualized) for a 14.0% yield, but the dividend payout ratio is 108.24%, signaling potential sustainability concerns.
  • Analyst sentiment cautious: The consensus rating is "Reduce" with a $6.25 price target after several downgrades, while the stock trades near $6.59 within a 12‑month range of $5.24–$8.38.

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG - Get Free Report) insider Sajal Srivastava acquired 50,000 shares of the company's stock in a transaction on Monday, December 1st. The shares were purchased at an average cost of $6.40 per share, for a total transaction of $320,000.00. Following the acquisition, the insider owned 1,148,766 shares of the company's stock, valued at approximately $7,352,102.40. The trade was a 4.55% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Monday, November 24th, Sajal Srivastava bought 50,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost 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 bought 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.
  • On Wednesday, November 19th, Sajal Srivastava purchased 50,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.19 per share, with a total value of $309,500.00.
  • On Tuesday, November 18th, Sajal Srivastava purchased 27,439 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price 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 stock was acquired 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 acquired at an average price of $5.99 per share, with a total value of $279,733.00.
  • On Wednesday, November 12th, Sajal Srivastava purchased 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $5.95 per share, for a total transaction of $297,500.00.
  • On Tuesday, November 11th, Sajal Srivastava acquired 26,117 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $5.76 per share, with a total value of $150,433.92.

TriplePoint Venture Growth BDC Trading Up 2.9%




Shares of TPVG stock opened at $6.59 on Thursday. TriplePoint Venture Growth BDC Corp. has a twelve month low of $5.24 and a twelve month high of $8.38. The business's 50 day moving average is $5.81 and its two-hundred day moving average is $6.45. The company has a market capitalization of $266.03 million, a P/E ratio of 7.75 and a beta of 1.35.

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 the consensus estimate of $0.29 by ($0.03). The firm 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%. As a group, equities analysts predict that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current fiscal year.

TriplePoint Venture Growth BDC Dividend Announcement

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 given a $0.23 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $0.92 dividend on an annualized basis and a yield of 14.0%. TriplePoint Venture Growth BDC's dividend payout ratio (DPR) is presently 108.24%.

Analyst Upgrades and Downgrades

TPVG has been the subject of several recent analyst reports. Weiss Ratings reissued a "sell (d+)" rating on shares of TriplePoint Venture Growth BDC in a report on Monday. Zacks Research downgraded TriplePoint Venture Growth BDC from a "hold" rating to a "strong sell" rating in a report on Friday, November 7th. Wall Street Zen downgraded shares of TriplePoint Venture Growth BDC from a "hold" rating to a "sell" rating in a report on Saturday, November 22nd. UBS Group decreased their price objective on shares of TriplePoint Venture Growth BDC from $6.50 to $5.50 and set a "neutral" rating on the stock in a report on Tuesday, October 14th. Finally, Piper Sandler lowered their target price on shares of TriplePoint Venture Growth BDC from $7.00 to $6.00 and set a "neutral" rating on the stock in a research report on Thursday, October 9th. Four investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target of $6.25.

Read Our Latest Report on TPVG

Institutional Trading of TriplePoint Venture Growth BDC

Several large investors have recently modified their holdings of TPVG. Nomura Asset Management Co. Ltd. acquired a new position in shares of TriplePoint Venture Growth BDC during the 2nd quarter worth approximately $26,000. Quarry LP raised 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 during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of TriplePoint Venture Growth BDC in the second quarter worth $35,000. Advisory Services Network LLC purchased a new stake in shares of TriplePoint Venture Growth BDC in the third quarter valued at $33,000. Finally, HighTower Advisors LLC acquired a new stake in shares of TriplePoint Venture Growth BDC during the first quarter valued at $72,000. 12.77% of the stock is currently owned by institutional investors and hedge funds.

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.

Recommended Stories

Insider Buying and Selling by Quarter for TriplePoint Venture Growth BDC (NYSE:TPVG)

This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].

Insider Buying or Selling at TriplePoint Venture Growth BDC?
Sign-up to receive InsiderTrades.com's daily insider buying and selling report for TriplePoint Venture Growth BDC and related companies.
From Our Partners
Free Insider Buying and Selling Newsletter
Enter your email address below to receive InsiderTrades.com's daily insider buying and selling report.
From Our Partners

Most Read This Month

Recent Articles