The director of TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) Cynthia M. Fornelli acquires 1,000 shares

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TriplePoint Venture Growth BDC Corp. (NYSE: TPVG – Get a rating) Director Cynthia M. Fornelli acquired 1,000 shares in a transaction dated Thursday, June 9. The stock was purchased at an average price of $14.75 per share, for a total transaction of $14,750.00. Following the completion of the purchase, the administrator now owns 4,409 shares of the company, valued at approximately $65,032.75. The acquisition was disclosed in a filing with the SEC, accessible via this link.

NYSE: TPVG traded down $0.06 during Friday trading hours, hitting $14.57. 234,002 shares were traded, against an average volume of 159,517. The company’s 50-day moving average is $15.78 and its two-hundred-day moving average is $16.67. TriplePoint Venture Growth BDC Corp. has a 12-month low of $13.70 and a 12-month high of $19.25. The company has a market capitalization of $452.21 million, a P/E ratio of 6.39 and a beta of 1.73.

TriplePoint Venture Growth BDC (NYSE: TPVG – Get a rating) last released its quarterly earnings data on Wednesday, May 4. The investment management firm reported earnings per share (EPS) of $0.44 for the quarter, beating the consensus estimate of $0.38 by $0.06. TriplePoint Venture Growth BDC achieved a return on equity of 10.77% and a net margin of 75.42%. In the same quarter a year earlier, the company posted EPS of $0.29. On average, research analysts predict that TriplePoint Venture Growth BDC Corp. will show earnings per share of 1.59 for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30. Shareholders of record on Thursday, June 16 will receive a dividend of $0.36 per share. This represents an annualized dividend of $1.44 and a yield of 9.88%. The ex-dividend date is Wednesday, June 15. TriplePoint Venture Growth BDC’s dividend payout ratio is 63.16%.

TPVG has been the subject of several recent analyst reports. Zacks Investment Research upgraded TriplePoint Venture Growth BDC from a “hold” rating to a “buy” rating and set a target price of $17.00 for the stock in a report released Tuesday. Wells Fargo & Company raised its target price on TriplePoint Venture Growth BDC from $17.50 to $18.00 and gave the stock an “overweight” rating in a Monday, April 25 report. To finish, StockNews.com launched coverage on TriplePoint Venture Growth BDC in a Thursday, March 31 report. They issued a “hold” rating on the stock. Two investment analysts gave the stock a hold rating and four gave the stock a buy rating. According to MarketBeat, TriplePoint Venture Growth BDC currently has a consensus buy rating and an average price target of $17.35.

Several hedge funds have recently bought and sold shares of TPVG. Morgan Stanley increased its stake in shares of TriplePoint Venture Growth BDC by 2.0% in Q2. Morgan Stanley now owns 202,319 shares of the investment management company valued at $3,074,000 after buying 3,983 additional shares during the period. BlackRock Inc. increased its stake in shares of TriplePoint Venture Growth BDC by 22.1% in Q3. BlackRock Inc. now owns 226,209 shares of the investment management company valued at $3,583,000 after purchasing an additional 40,884 shares during the period. HighTower Advisors LLC acquired a new position in shares of TriplePoint Venture Growth BDC in Q3 worth $921,000. Neuberger Berman Group LLC increased its stake in shares of TriplePoint Venture Growth BDC by 23.3% in Q3. Neuberger Berman Group LLC now owns 203,869 shares of the investment management company valued at $3,229,000 after purchasing an additional 38,528 shares during the period. Finally, Bramshill Investments LLC increased its stake in shares of TriplePoint Venture Growth BDC by 7.3% in Q3. Bramshill Investments LLC now owns 60,961 shares of the investment management company valued at $966,000 after purchasing an additional 4,163 shares during the period. 22.75% of the shares are currently held by institutional investors.

About TriplePoint Venture Growth BDC (Get a rating)

TriplePoint Venture Growth BDC Corp. is a business development firm specializing in investments in growth-stage venture capital-backed companies. It also provides debt financing to growth space companies, which includes growth capital loans, secured and customized loans, equipment financing, revolving loans and direct equity investments.

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