Key Points
- Sajal Srivastava has been aggressively accumulating TPVG stock — he bought 24,000 shares on Dec. 3 at $6.57 and roughly 473,259 shares in total since Nov. 12, bringing his ownership to 1,222,766 shares (about a 2% increase) valued near $8.03M.
- TriplePoint declared a quarterly dividend of $0.23 (annualized $0.92), implying a yield of about 13.6%, though the payout ratio is high at 108.24%.
- The stock trades in the mid‑$6s (market cap ~$272M, P/E ~7.9) but Wall Street sentiment is cautious — consensus rating is "Reduce" with an average price target of $6.25.
TriplePoint Venture Growth BDC Corp. (NYSE:TPVG - Get Free Report) insider Sajal Srivastava bought 24,000 shares of TriplePoint Venture Growth BDC stock in a transaction dated Wednesday, December 3rd. The shares were acquired at an average cost of $6.57 per share, with a total value of $157,680.00. Following the completion of the purchase, the insider owned 1,222,766 shares in the company, valued at approximately $8,033,572.62. This trade represents a 2.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Sajal Srivastava also recently made the following trade(s):
- On Thursday, December 4th, Sajal Srivastava bought 47,713 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.62 per share, for a total transaction of $315,860.06.
- On Monday, December 1st, Sajal Srivastava acquired 50,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased 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 stock was purchased at an average cost 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 shares were acquired at an average cost 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, with a total value of $270,033.72.
- On Wednesday, November 19th, Sajal Srivastava purchased 50,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.19 per share, with a total value of $309,500.00.
- On Tuesday, November 18th, Sajal Srivastava acquired 27,439 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.06 per share, with a total value of $166,280.34.
- On Monday, November 17th, Sajal Srivastava purchased 44,648 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.06 per share, with a total value of $270,566.88.
- On Friday, November 14th, Sajal Srivastava bought 46,700 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $5.99 per share, for a total transaction of $279,733.00.
- On Wednesday, November 12th, Sajal Srivastava bought 50,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $5.95 per share, for a total transaction of $297,500.00.
TriplePoint Venture Growth BDC Stock Performance
NYSE:TPVG opened at $6.74 on Friday. TriplePoint Venture Growth BDC Corp. has a fifty-two week low of $5.24 and a fifty-two week high of $8.33. The company has a 50 day moving average price of $5.84 and a 200 day moving average price of $6.44. The stock has a market capitalization of $272.30 million, a P/E ratio of 7.93 and a beta of 1.35.
TriplePoint Venture Growth BDC (NYSE:TPVG - Get Free Report) last posted 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 analysts' expectations of $24.22 million. TriplePoint Venture Growth BDC had a net margin of 36.02% and a return on equity of 12.88%. Research 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be paid a $0.23 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $0.92 annualized dividend and a dividend yield of 13.6%. TriplePoint Venture Growth BDC's payout ratio is 108.24%.
Institutional Trading of TriplePoint Venture Growth BDC
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. acquired a new stake in shares of TriplePoint Venture Growth BDC during the 2nd quarter valued at approximately $26,000. Quarry LP lifted 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 valued at $33,000 after purchasing an additional 1,629 shares in the last quarter. Advisory Services Network LLC purchased a new stake in TriplePoint Venture Growth BDC in the 3rd quarter valued at approximately $33,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of TriplePoint Venture Growth BDC in the second quarter valued at $35,000. Finally, HighTower Advisors LLC acquired a new stake in shares of TriplePoint Venture Growth BDC during the 1st quarter worth about $72,000. Institutional investors and hedge funds own 12.77% of the company's stock.
Wall Street Analyst Weigh In
TPVG has been the topic of several recent research reports. Wall Street Zen upgraded TriplePoint Venture Growth BDC from a "sell" rating to a "hold" rating in a report on Saturday. Weiss Ratings reissued a "sell (d+)" rating on shares of TriplePoint Venture Growth BDC in a research report on Monday. Piper Sandler decreased their price objective 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. UBS Group lowered their price target on 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, Zacks Research cut shares of TriplePoint Venture Growth BDC from a "hold" rating to a "strong sell" rating in a research note on Friday, November 7th. Four equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and an average price target of $6.25.
Check Out Our Latest 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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