TriplePoint Venture Growth BDC (NYSE:TPVG) CEO James Labe Acquires 31,600 Shares of Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CEO James Labe bought 31,600 shares of TriplePoint Venture Growth BDC stock in a transaction that occurred on Friday, December 26th. The shares were acquired at an average price of $6.30 per share, for a total transaction of $199,080.00. Following the completion of the transaction, the chief executive officer directly owned 1,712,144 shares of the company’s stock, valued at $10,786,507.20. This trade represents a 1.88% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, December 24th, James Labe acquired 26,756 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.30 per share, with a total value of $168,562.80.
• On Tuesday, December 23rd, James Labe acquired 31,910 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.29 per share, for a total transaction of $200,713.90.
• On Monday, December 22nd, James Labe bought 26,900 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.29 per share, with a total value of $169,201.00.
• On Friday, December 19th, James Labe purchased 29,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.25 per share, with a total value of $181,250.00.
• On Thursday, December 18th, James Labe purchased 25,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.30 per share, for a total transaction of $157,500.00.
• On Wednesday, December 17th, James Labe purchased 27,900 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.19 per share, for a total transaction of $172,701.00.
• On Tuesday, December 16th, James Labe acquired 39,044 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.18 per share, with a total value of $241,291.92.
• On Monday, December 15th, James Labe bought 30,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.46 per share, for a total transaction of $193,800.00.
• On Friday, December 12th, James Labe bought 19,919 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.64 per share, for a total transaction of $132,262.16.
• On Thursday, December 11th, James Labe purchased 24,590 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.69 per share, with a total value of $164,507.10.

TriplePoint Venture Growth BDC Trading Up 1.0%

Shares of TriplePoint Venture Growth BDC stock traded up $0.07 during trading hours on Monday, reaching $6.39. The stock had a trading volume of 283,064 shares, compared to its average volume of 332,764. The firm has a market capitalization of $257.99 million, a price-to-earnings ratio of 7.51 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. The firm has a 50 day simple moving average of $6.10 and a two-hundred day simple moving average of $6.38.

TriplePoint Venture Growth BDC (NYSE:TPVG) last posted its quarterly 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 business had revenue of $22.66 million during the quarter, compared to analysts’ expectations of $24.22 million. TriplePoint Venture Growth BDC had a net margin of 36.02% and a return on equity of 12.88%. Sell-side analysts forecast that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current year.

TriplePoint Venture Growth BDC Dividend Announcement

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 dividend on an annualized basis and a dividend yield of 14.4%. The ex-dividend date of this dividend is Tuesday, December 16th. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is currently 108.24%.

Institutional Investors Weigh In On TriplePoint Venture Growth BDC

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. bought a new position in shares of TriplePoint Venture Growth BDC during the second quarter worth about $26,000. Quarry LP grew its position in shares of TriplePoint Venture Growth BDC by 53.6% in the 1st quarter. Quarry LP now owns 4,669 shares of the investment management company’s stock worth $33,000 after acquiring an additional 1,629 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of TriplePoint Venture Growth BDC in the 2nd quarter valued at approximately $35,000. Advisory Services Network LLC acquired a new stake in shares of TriplePoint Venture Growth BDC during the 3rd quarter valued at approximately $33,000. Finally, HighTower Advisors LLC bought a new stake in TriplePoint Venture Growth BDC during the first quarter valued at $72,000. Institutional investors own 12.77% of the company’s stock.

Analyst Ratings Changes

TPVG has been the subject of several recent research reports. UBS Group lowered 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. Piper Sandler reduced their price target on TriplePoint Venture Growth BDC from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, October 9th. Wall Street Zen raised shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Zacks Research raised shares of TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research note on Monday, December 22nd. Five equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $6.25.

About TriplePoint Venture Growth BDC

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.