Triplepoint Venture Growth Bdc Corp. (TPVG) Files Form 4 Insider Buying : Sajal Srivastava Buys 7,000 Shares

Triplepoint Venture Growth Bdc Corp. (TPVG): Sajal Srivastava , CIO and President of Triplepoint Venture Growth Bdc Corp. purchased 7,000 shares on Sep 9, 2016. The Insider buying transaction was reported by the company on Sep 12, 2016 to the Securities and Exchange Commission. The shares were purchased at $11.02 per share for a total value of $77,165.20 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 12, 2016, Sajal Srivastava (CIO and President) purchased 7,000 shares at $11.02 per share price.On Sep 3, 2015, Steven Bird (director) purchased 30,000 shares at $11.85 per share price.

Company has been under the radar of several Street Analysts.TriplePoint Venture Growth BDC Corp is Downgraded by Compass Point to Neutral and the brokerage firm has set the Price Target at $12.25. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Aug 25, 2016.TriplePoint Venture Growth BDC Corp is Initiated by Compass Point to Buy and the brokerage firm has set the Price Target at $12.75. The Rating was issued on Jun 29, 2016.

TriplePoint Venture Growth BDC Corp. is an externally managed closed-end non-diversified management investment company that has elected to be regulated as a business development company. The Company’s investment objective is to maximize its total return to stockholders primarily in the form of current income and to a lesser extent capital appreciation by primarily lending with warrants to venture growth stage companies focused in technology life sciences and other high growth industries which are backed by TriplePoint Capital LLC’s (TPC) venture capital investors. The Company offers a range of customized secured financing products that includes a combination of an initial facility fee interest and principal payments end-of-term payments and warrant and/or equity sale proceeds. The Company is externally managed by TPVG Advisers LLC (the Adviser) a wholly owned subsidiary of TPC.

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