TriplePoint Venture Growth BDC Corp. (NYSE:TPVG – Get Free Report) CEO James Labe bought 44,648 shares of the company’s stock in a transaction on Monday, November 17th. The shares were acquired at an average cost of $6.06 per share, for a total transaction of $270,566.88. Following the completion of the acquisition, the chief executive officer directly owned 808,700 shares of the company’s stock, valued at $4,900,722. This trade represents a 5.84% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
James Labe also recently made the following trade(s):
- On Tuesday, November 18th, James Labe purchased 27,439 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.06 per share, with a total value of $166,280.34.
- On Friday, November 14th, James Labe purchased 46,700 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $5.99 per share, for a total transaction of $279,733.00.
- On Wednesday, November 12th, James Labe acquired 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $5.95 per share, for a total transaction of $297,500.00.
- On Tuesday, November 11th, James Labe acquired 26,117 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $5.76 per share, for a total transaction of $150,433.92.
- On Wednesday, September 3rd, James Labe acquired 48,800 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.77 per share, with a total value of $330,376.00.
- On Tuesday, September 2nd, James Labe purchased 54,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.72 per share, for a total transaction of $362,880.00.
- On Friday, August 29th, James Labe acquired 65,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.73 per share, with a total value of $437,450.00.
- On Thursday, August 28th, James Labe purchased 44,630 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.64 per share, for a total transaction of $296,343.20.
- On Wednesday, August 27th, James Labe bought 53,160 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.63 per share, with a total value of $352,450.80.
- On Tuesday, August 26th, James Labe acquired 27,988 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.48 per share, for a total transaction of $181,362.24.
TriplePoint Venture Growth BDC Price Performance
Shares of NYSE TPVG traded up $0.10 during trading hours on Wednesday, hitting $6.15. 405,371 shares of the stock were exchanged, compared to its average volume of 319,058. The firm has a market capitalization of $248.26 million, a P/E ratio of 7.23 and a beta of 1.47. TriplePoint Venture Growth BDC Corp. has a one year low of $5.24 and a one year high of $8.50. The company’s 50 day moving average is $5.80 and its 200 day moving average is $6.45.
TriplePoint Venture Growth BDC Announces Dividend
The firm 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 $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 15.0%. The ex-dividend date of this dividend is Tuesday, December 16th. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is 108.24%.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on TPVG shares. Zacks Research cut TriplePoint Venture Growth BDC from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. UBS Group reduced their price target on TriplePoint Venture Growth BDC from $6.50 to $5.50 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Piper Sandler reduced their price target on TriplePoint Venture Growth BDC from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, October 9th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research note on Thursday, November 13th. Four analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $6.25.
Institutional Trading of TriplePoint Venture Growth BDC
Several institutional investors have recently modified their holdings of TPVG. Nomura Asset Management Co. Ltd. acquired a new position in shares of TriplePoint Venture Growth BDC in the 2nd quarter valued at about $26,000. Quarry LP increased its holdings in 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 purchasing an additional 1,629 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in TriplePoint Venture Growth BDC in the 2nd quarter valued at $35,000. Advisory Services Network LLC bought a new stake in TriplePoint Venture Growth BDC in the 3rd quarter worth about $33,000. Finally, HighTower Advisors LLC bought a new stake in TriplePoint Venture Growth BDC during the first quarter worth $72,000. Institutional investors 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.
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