TriplePoint Venture Growth BDC (NYSE:TPVG) Insider Acquires $172,701.00 in Stock

Key Points

  • Insider buying: TriplePoint Venture Growth BDC insider Sajal Srivastava bought 27,900 shares on Dec. 17 at $6.19 and purchased a total of 388,107 shares across Nov–Dec, raising his direct holdings to 1,540,978 shares valued at about $9.54M (a 1.84% ownership increase).
  • Dividend and yield: The company announced a $0.23 quarterly dividend (ex-dividend Dec. 16, payable Dec. 30), equal to a $0.92 annualized payout and a roughly 14.6% yield, but with a payout ratio above 108%, suggesting limited sustainability.
  • Analyst and results backdrop: Analysts are cautious (consensus "Reduce" with a $6.25 target) after the recent quarter missed EPS and revenue estimates and firms like Piper Sandler and UBS trimmed price targets; the stock trades near $6.28 with a P/E of 7.39.

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG - Get Free Report) insider Sajal Srivastava acquired 27,900 shares of TriplePoint Venture Growth BDC stock in a transaction that occurred on Wednesday, December 17th. The stock was acquired at an average cost of $6.19 per share, for a total transaction of $172,701.00. Following the completion of the purchase, the insider directly owned 1,540,978 shares of the company's stock, valued at $9,538,653.82. This represents a 1.84% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Tuesday, December 16th, Sajal Srivastava acquired 39,044 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.18 per share, with a total value of $241,291.92.
  • On Monday, December 15th, Sajal Srivastava bought 30,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.46 per share, for a total transaction of $193,800.00.
  • On Friday, December 12th, Sajal Srivastava acquired 19,919 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.64 per share, for a total transaction of $132,262.16.
  • On Thursday, December 11th, Sajal Srivastava bought 24,590 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.69 per share, for a total transaction of $164,507.10.
  • On Wednesday, December 10th, Sajal Srivastava bought 27,200 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price 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, with a total value of $325,116.21.
  • On Thursday, December 4th, Sajal Srivastava acquired 47,713 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.62 per share, with a total value of $315,860.06.
  • On Wednesday, December 3rd, Sajal Srivastava purchased 24,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.57 per share, for a total transaction of $157,680.00.
  • On Monday, December 1st, Sajal Srivastava bought 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price 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 cost of $6.31 per share, for a total transaction of $315,500.00.

TriplePoint Venture Growth BDC Price Performance




NYSE:TPVG opened at $6.28 on Friday. The stock's 50 day simple moving average is $6.00 and its two-hundred day simple moving average is $6.43. TriplePoint Venture Growth BDC Corp. has a 1 year low of $5.24 and a 1 year high of $8.20. The company has a market cap of $253.87 million, a price-to-earnings ratio of 7.39 and a beta of 1.35.

TriplePoint Venture Growth BDC (NYSE:TPVG - Get Free Report) last posted its quarterly earnings results on Wednesday, November 5th. The investment management company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.03). The company had revenue of $22.66 million for 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%. As a group, analysts anticipate that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current 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 14.6%. TriplePoint Venture Growth BDC's payout ratio is currently 108.24%.

Hedge Funds Weigh In On TriplePoint Venture Growth BDC

Several large investors have recently bought and sold shares of TPVG. Two Sigma Investments LP boosted its holdings in shares of TriplePoint Venture Growth BDC by 58.6% in the third quarter. Two Sigma Investments LP now owns 612,727 shares of the investment management company's stock worth $3,535,000 after buying an additional 226,479 shares during the period. Marshall Wace LLP raised 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 purchasing an additional 163,916 shares in the last quarter. Meridian Wealth Management LLC acquired a new position in shares of TriplePoint Venture Growth BDC during the 3rd quarter valued at about $173,000. Aquatic Capital Management LLC boosted its holdings in shares of TriplePoint Venture Growth BDC by 251.3% during the 3rd quarter. Aquatic Capital Management LLC now owns 41,137 shares of the investment management company's stock worth $237,000 after buying an additional 29,427 shares during the period. Finally, Brevan Howard Capital Management LP acquired a new stake in shares of TriplePoint Venture Growth BDC in the third quarter valued at about $165,000. Institutional investors and hedge funds own 12.77% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Zacks Research upgraded TriplePoint Venture Growth BDC from a "strong sell" rating to a "hold" rating in a research report on Monday, December 8th. Weiss Ratings reissued a "sell (d+)" rating on shares of TriplePoint Venture Growth BDC in a report on Monday. Wall Street Zen upgraded shares of TriplePoint Venture Growth BDC from a "sell" rating to a "hold" rating in a research report on Saturday, December 6th. Piper Sandler lowered their price target 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. Finally, UBS Group reduced their price target on shares of TriplePoint Venture Growth BDC from $6.50 to $5.50 and set a "neutral" rating on the stock in a research report on Tuesday, October 14th. Five equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, TriplePoint Venture Growth BDC presently has a consensus rating of "Reduce" and a consensus price target of $6.25.

Get Our Latest Stock Report on TriplePoint Venture Growth BDC

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.

See Also

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

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