TriplePoint Venture Growth BDC (NYSE:TPVG) CEO Acquires $241,291.92 in Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CEO James Labe bought 39,044 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was purchased at an average price of $6.18 per share, for a total transaction of $241,291.92. Following the completion of the acquisition, the chief executive officer owned 1,513,078 shares in the company, valued at $9,350,822.04. This represents a 2.65% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

James Labe also recently made the following trade(s):

• On Wednesday, December 17th, James Labe purchased 27,900 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.19 per share, with a total value of $172,701.00.
• On Monday, December 15th, James Labe purchased 30,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.46 per share, with a total value of $193,800.00.
• On Friday, December 12th, James Labe acquired 19,919 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.64 per share, for a total transaction of $132,262.16.
• On Thursday, December 11th, James Labe bought 24,590 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.69 per share, with a total value of $164,507.10.
• On Wednesday, December 10th, James Labe bought 27,200 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.78 per share, with a total value of $184,416.00.
• On Friday, December 5th, James Labe purchased 47,741 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.81 per share, for a total transaction of $325,116.21.
• On Thursday, December 4th, James Labe bought 47,713 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.62 per share, for a total transaction of $315,860.06.
• On Wednesday, December 3rd, James Labe bought 24,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.57 per share, for a total transaction of $157,680.00.
• On Monday, December 1st, James Labe bought 50,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.40 per share, with a total value of $320,000.00.
• On Monday, November 24th, James Labe acquired 50,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.31 per share, with a total value of $315,500.00.

TriplePoint Venture Growth BDC Trading Up 1.9%

Shares of NYSE:TPVG traded up $0.12 during midday trading on Thursday, reaching $6.30. The company had a trading volume of 417,186 shares, compared to its average volume of 331,880. The stock has a market cap of $254.52 million, a P/E ratio of 7.41 and a beta of 1.35. The company’s 50 day moving average price is $5.98 and its 200 day moving average price is $6.43. TriplePoint Venture Growth BDC Corp. has a 52-week low of $5.24 and a 52-week high of $8.20.

TriplePoint Venture Growth BDC (NYSE:TPVG) last released its earnings results on Wednesday, November 5th. The investment management company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). TriplePoint Venture Growth BDC had a net margin of 36.02% and a return on equity of 12.88%. The company had revenue of $22.66 million during the quarter, compared to analysts’ expectations of $24.22 million. Research analysts forecast that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current fiscal year.

TriplePoint Venture Growth BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $0.92 annualized dividend and a yield of 14.6%. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is 108.24%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TPVG shares. Wall Street Zen upgraded shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Weiss Ratings restated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research report on Monday. UBS Group cut their price target on TriplePoint Venture Growth BDC from $6.50 to $5.50 and set a “neutral” rating for the company in a report on Tuesday, October 14th. Zacks Research upgraded TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Finally, 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. Five analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $6.25.

Hedge Funds Weigh In On TriplePoint Venture Growth BDC

Institutional investors have recently modified their holdings of the company. Two Sigma Investments LP raised its holdings in shares of TriplePoint Venture Growth BDC by 58.6% during the 3rd quarter. Two Sigma Investments LP now owns 612,727 shares of the investment management company’s stock valued at $3,535,000 after buying an additional 226,479 shares in the last quarter. Marshall Wace LLP grew its position in TriplePoint Venture Growth BDC by 44.9% during the second quarter. Marshall Wace LLP now owns 529,201 shares of the investment management company’s stock valued at $3,710,000 after acquiring an additional 163,916 shares during the last quarter. Meridian Wealth Management LLC purchased a new position in shares of TriplePoint Venture Growth BDC during the third quarter worth approximately $173,000. Aquatic Capital Management LLC lifted its holdings in shares of TriplePoint Venture Growth BDC by 251.3% in the 3rd quarter. Aquatic Capital Management LLC now owns 41,137 shares of the investment management company’s stock worth $237,000 after acquiring an additional 29,427 shares during the last quarter. Finally, Brevan Howard Capital Management LP bought a new position in shares of TriplePoint Venture Growth BDC during the 3rd quarter valued at $165,000. 12.77% of the stock is currently owned by institutional investors.

About TriplePoint Venture Growth BDC

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.