TriplePoint Venture Growth BDC (NYSE:TPVG) Insider Buys $296,343.20 in Stock

Key Points

• Sajal Srivastava purchased 44,630 shares of TriplePoint Venture Growth BDC at an average price of $6.64 per share, totaling approximately $296,343.20, increasing his ownership by 11.78% to 423,435 shares.
• TriplePoint Venture Growth BDC announced a quarterly dividend of $0.23 per share, yielding 13.6%, with a payout ratio of 115.38%.
• The company's latest earnings report showed a miss on EPS expectations at $0.28, compared to the forecast of $0.30, while the revenue was also below estimates at $23.28 million.

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG - Get Free Report) insider Sajal Srivastava purchased 44,630 shares of the company's stock in a transaction on Thursday, August 28th. The stock was acquired at an average cost of $6.64 per share, for a total transaction of $296,343.20. Following the completion of the transaction, the insider owned 423,435 shares in the company, valued at approximately $2,811,608.40. This trade represents a 11.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Wednesday, September 3rd, Sajal Srivastava purchased 48,800 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.77 per share, for a total transaction of $330,376.00.
• On Tuesday, September 2nd, Sajal Srivastava purchased 54,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.72 per share, for a total transaction of $362,880.00.
• On Friday, August 29th, Sajal Srivastava purchased 65,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.73 per share, for a total transaction of $437,450.00.
• On Friday, August 29th, Sajal Srivastava purchased 65,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.73 per share, for a total transaction of $437,450.00.
• On Thursday, August 28th, Sajal Srivastava acquired 44,630 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.64 per share, for a total transaction of $296,343.20.
• On Wednesday, August 27th, Sajal Srivastava acquired 53,160 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.63 per share, for a total transaction of $352,450.80.
• On Tuesday, August 26th, Sajal Srivastava acquired 27,988 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.48 per share, for a total transaction of $181,362.24.
• On Monday, August 25th, Sajal Srivastava acquired 80,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.48 per share, for a total transaction of $518,400.00.
• On Friday, August 22nd, Sajal Srivastava acquired 42,003 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.44 per share, for a total transaction of $270,499.32.
• On Thursday, August 21st, Sajal Srivastava acquired 31,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.30 per share, for a total transaction of $195,300.00.

TriplePoint Venture Growth BDC Price Performance

Shares of TPVG traded up $0.01 on Friday, reaching $6.81. 229,333 shares of the stock traded hands, compared to its average volume of 372,877. The firm has a market cap of $274.58 million, a price-to-earnings ratio of 6.55 and a beta of 1.48. TriplePoint Venture Growth BDC Corp. has a 12 month low of $5.53 and a 12 month high of $8.50. The stock's 50-day moving average price is $6.81 and its 200-day moving average price is $6.81.

TriplePoint Venture Growth BDC (NYSE:TPVG - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.02). The firm had revenue of $23.28 million for the quarter, compared to the consensus estimate of $23.75 million. TriplePoint Venture Growth BDC had a net margin of 42.16% and a return on equity of 13.78%. As a group, equities 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 Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.92 annualized dividend and a yield of 13.5%. TriplePoint Venture Growth BDC's payout ratio is currently 115.38%.

Wall Street Analyst Weigh In

Several analysts recently commented on TPVG shares. Zacks Research raised TriplePoint Venture Growth BDC to a "strong sell" rating in a research note on Friday, August 8th. UBS Group reaffirmed a "neutral" rating and issued a $7.00 price target (up previously from $6.50) on shares of TriplePoint Venture Growth BDC in a research note on Wednesday, July 16th. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus target price of $6.75.

Hedge Funds Weigh In On TriplePoint Venture Growth BDC

A number of institutional investors and hedge funds have recently bought and sold shares of TPVG. Marshall Wace LLP boosted its stake in TriplePoint Venture Growth BDC by 44.9% in the second quarter. Marshall Wace LLP now owns 529,201 shares of the investment management company's stock worth $3,710,000 after purchasing an additional 163,916 shares in the last quarter. Two Sigma Investments LP boosted its stake in TriplePoint Venture Growth BDC by 21.9% in the fourth quarter. Two Sigma Investments LP now owns 678,034 shares of the investment management company's stock worth $5,004,000 after purchasing an additional 122,039 shares in the last quarter. Millennium Management LLC boosted its stake in TriplePoint Venture Growth BDC by 180.1% in the fourth quarter. Millennium Management LLC now owns 120,602 shares of the investment management company's stock worth $890,000 after purchasing an additional 77,551 shares in the last quarter. Alpine Global Management LLC acquired a new position in TriplePoint Venture Growth BDC in the fourth quarter worth $477,000. Finally, Cubist Systematic Strategies LLC acquired a new position in TriplePoint Venture Growth BDC in the fourth quarter worth $417,000. Institutional investors and hedge funds own 12.77% of the company's stock.

TriplePoint Venture Growth BDC Company Profile

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.