TriplePoint Venture Growth BDC (NYSE:TPVG) CEO James Labe Purchases 16,833 Shares

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CEO James Labe acquired 16,833 shares of the business’s stock in a transaction that occurred on Thursday, January 8th. The stock was bought at an average cost of $6.61 per share, for a total transaction of $111,266.13. Following the completion of the purchase, the chief executive officer directly owned 1,958,690 shares in the company, valued at $12,946,940.90. This represents a 0.87% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Wednesday, January 7th, James Labe bought 30,877 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.43 per share, with a total value of $198,539.11.
• On Tuesday, January 6th, James Labe purchased 34,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.61 per share, for a total transaction of $224,740.00.
• On Monday, January 5th, James Labe acquired 40,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.70 per share, with a total value of $268,000.00.
• On Friday, January 2nd, James Labe bought 27,153 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.60 per share, for a total transaction of $179,209.80.
• On Wednesday, December 31st, James Labe bought 30,459 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.55 per share, with a total value of $199,506.45.
• On Tuesday, December 30th, James Labe purchased 25,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.45 per share, with a total value of $161,250.00.
• On Monday, December 29th, James Labe purchased 27,410 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.34 per share, for a total transaction of $173,779.40.
• On Friday, December 26th, James Labe bought 31,600 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.30 per share, with a total value of $199,080.00.
• On Wednesday, December 24th, James Labe bought 26,756 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.30 per share, for a total transaction of $168,562.80.
• On Tuesday, December 23rd, James Labe purchased 31,910 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.29 per share, for a total transaction of $200,713.90.

TriplePoint Venture Growth BDC Trading Up 1.1%

TPVG opened at $6.62 on Friday. The business has a 50 day moving average of $6.28 and a 200-day moving average of $6.36. The stock has a market capitalization of $267.25 million, a price-to-earnings ratio of 7.78 and a beta of 1.35. TriplePoint Venture Growth BDC Corp. has a 1-year low of $5.24 and a 1-year 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 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.03). The company had revenue of $22.66 million for the quarter, compared to analyst estimates of $24.22 million. TriplePoint Venture Growth BDC had a net margin of 36.02% and a return on equity of 12.88%. Equities analysts predict that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current year.

TriplePoint Venture Growth BDC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 13.9%. The ex-dividend date was Tuesday, December 16th. TriplePoint Venture Growth BDC’s payout ratio is currently 108.24%.

Hedge Funds Weigh In On TriplePoint Venture Growth BDC

Several institutional investors have recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. acquired a new position in TriplePoint Venture Growth BDC in the second quarter valued at about $26,000. Advisory Services Network LLC acquired a new position in shares of TriplePoint Venture Growth BDC in the 3rd quarter worth approximately $33,000. Northwestern Mutual Wealth Management Co. bought a new stake in TriplePoint Venture Growth BDC during the 2nd quarter worth approximately $35,000. Bluefin Capital Management LLC bought a new stake in TriplePoint Venture Growth BDC during the 2nd quarter worth approximately $105,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in TriplePoint Venture Growth BDC during the 2nd quarter valued at $131,000. 12.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TPVG has been the topic of a number of research reports. Weiss Ratings restated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research report on Monday, December 29th. Piper Sandler decreased their price target on shares of TriplePoint Venture Growth BDC from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, October 9th. Zacks Research upgraded shares of TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. UBS Group reduced their price objective on shares of 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. Finally, Wall Street Zen raised shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Five analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $6.25.

TriplePoint Venture Growth BDC Company Profile

TriplePoint Venture Growth BDC Inc is a closed-end management investment company externally managed by TriplePoint Capital LLC. The firm specializes in providing customized debt and equity financing to growth-stage, venture capital– and private equity–backed companies. Its financing solutions include senior secured loans, unitranche facilities, subordinated debt and selective equity co-investments tailored to support expansion, working capital needs and strategic initiatives.

Launched in September 2018 and listed on the New York Stock Exchange under the symbol TPVG, TriplePoint Venture Growth BDC leverages the deep industry expertise and established underwriting capabilities of TriplePoint Capital, a venture lender since 2003.