Key Points
- Insider Sajal Srivastava bought 26,756 shares on Dec. 24 at $6.30 and, after a string of December purchases, now holds about 1.68M shares, a roughly 1.6% increase in his position.
- CEO James Labe also bought repeatedly (four tranches totaling 117,166 shares, ~ $737.6k), with concurrent insider buying signaling management conviction.
- TriplePoint declared a quarterly dividend of $0.23 (a 14.4% yield; ex-dividend Dec. 16) despite a payout ratio of 108.24%, and recently missed EPS estimates amid analysts' consensus rating of "Reduce" with a $6.25 target.
TriplePoint Venture Growth BDC Corp. (NYSE:TPVG - Get Free Report) insider Sajal Srivastava acquired 26,756 shares of the company's stock in a transaction on Wednesday, December 24th. The shares were purchased at an average cost of $6.30 per share, for a total transaction of $168,562.80. Following the acquisition, the insider owned 1,680,544 shares of the company's stock, valued at approximately $10,587,427.20. The trade was a 1.62% 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 Friday, December 26th, Sajal Srivastava acquired 31,600 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.30 per share, with a total value of $199,080.00.
- On Tuesday, December 23rd, Sajal Srivastava bought 31,910 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.29 per share, for a total transaction of $200,713.90.
- On Monday, December 22nd, Sajal Srivastava acquired 26,900 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.29 per share, for a total transaction of $169,201.00.
- On Friday, December 19th, Sajal Srivastava purchased 29,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.25 per share, for a total transaction of $181,250.00.
- On Thursday, December 18th, Sajal Srivastava purchased 25,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.30 per share, for a total transaction of $157,500.00.
- On Wednesday, December 17th, Sajal Srivastava acquired 27,900 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.19 per share, with a total value of $172,701.00.
- On Tuesday, December 16th, Sajal Srivastava acquired 39,044 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost 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 stock was bought at an average cost of $6.46 per share, for a total transaction of $193,800.00.
- On Friday, December 12th, Sajal Srivastava purchased 19,919 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.64 per share, with a total value of $132,262.16.
- On Thursday, December 11th, Sajal Srivastava purchased 24,590 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.69 per share, with a total value of $164,507.10.
TriplePoint Venture Growth BDC Price Performance
NYSE:TPVG opened at $6.39 on Tuesday. The firm's fifty day moving average price is $6.11 and its 200 day moving average price is $6.37. TriplePoint Venture Growth BDC Corp. has a 1-year low of $5.24 and a 1-year high of $8.20. The firm has a market cap of $257.95 million, a price-to-earnings ratio of 7.51 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 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.03). TriplePoint Venture Growth BDC had a return on equity of 12.88% and a net margin of 36.02%.The firm had revenue of $22.66 million for the quarter, compared to analysts' expectations of $24.22 million. As a group, analysts expect 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 declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 14.4%. The ex-dividend date of this dividend is Tuesday, December 16th. TriplePoint Venture Growth BDC's dividend payout ratio is currently 108.24%.
TriplePoint Venture Growth BDC News Roundup
Here are the key news stories impacting TriplePoint Venture Growth BDC this week:
- Positive Sentiment: CEO James Labe bought four tranches (Dec. 22, 23, 24, 26) totaling 117,166 shares at roughly $6.29–$6.30 per share (~$737.6k aggregate). These purchases raised his direct holdings to ~1.71M shares (a ~1.7–1.9% increase in his position), signaling management conviction. SEC Filing — James Labe Form 4
- Positive Sentiment: Insider Sajal Srivastava purchased the same four tranches (Dec. 22, 23, 24, 26) totaling 117,166 shares at about $6.29–$6.30 (~$737.6k aggregate), increasing his stake to ~1.71M shares (a ~1.6–2.0% rise). Multiple insiders buying concurrently tends to attract investor attention. SEC Filing — Sajal Srivastava Form 4
Institutional Trading of TriplePoint Venture Growth BDC
Institutional investors have recently bought and sold shares of the company. HighTower Advisors LLC acquired a new stake in TriplePoint Venture Growth BDC in the first quarter valued at $72,000. Quarry LP raised its stake in shares of TriplePoint Venture Growth BDC by 53.6% during 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 boosted its position in shares of TriplePoint Venture Growth BDC by 15.7% in the 1st quarter. PharVision Advisers LLC now owns 13,193 shares of the investment management company's stock worth $92,000 after buying an additional 1,789 shares in the last quarter. Jane Street Group LLC grew its stake in TriplePoint Venture Growth BDC by 28.1% in the 1st quarter. Jane Street Group LLC now owns 67,693 shares of the investment management company's stock valued at $472,000 after acquiring an additional 14,865 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC grew its stake in TriplePoint Venture Growth BDC by 23.2% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 40,380 shares of the investment management company's stock valued at $283,000 after acquiring an additional 7,600 shares during the last quarter. 12.77% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on the company. UBS Group dropped their target price on 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. Weiss Ratings restated a "sell (d+)" rating on shares of TriplePoint Venture Growth BDC in a research note on Monday, December 22nd. Wall Street Zen upgraded TriplePoint Venture Growth BDC from a "sell" rating to a "hold" rating in a research report on Saturday, December 6th. Piper Sandler reduced their target price 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, Zacks Research raised shares of TriplePoint Venture Growth BDC from a "strong sell" rating to a "hold" rating in a research note on Monday, December 8th. Five investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Reduce" and a consensus target price of $6.25.
Check Out Our Latest Research Report on TriplePoint Venture Growth BDC
About TriplePoint Venture Growth BDC
(
Get Free Report)
TriplePoint Venture Growth BDC Inc is a closed-end management investment company externally managed by TriplePoint Capital LLC. The firm specializes in providing customized debt and equity financing to growth-stage, venture capital– and private equity–backed companies. Its financing solutions include senior secured loans, unitranche facilities, subordinated debt and selective equity co-investments tailored to support expansion, working capital needs and strategic initiatives.
Launched in September 2018 and listed on the New York Stock Exchange under the symbol TPVG, TriplePoint Venture Growth BDC leverages the deep industry expertise and established underwriting capabilities of TriplePoint Capital, a venture lender since 2003.
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