Insider Buying: TriplePoint Venture Growth BDC (NYSE:TPVG) CEO Acquires 44,648 Shares of Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CEO James Labe purchased 44,648 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were bought at an average price of $6.06 per share, for a total transaction of $270,566.88. Following the completion of the transaction, the chief executive officer owned 808,700 shares of the company’s stock, valued at approximately $4,900,722. This trade represents a 5.84% increase in their ownership of the stock. 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 Tuesday, November 18th, James Labe acquired 27,439 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.06 per share, for a total transaction of $166,280.34.
• On Friday, November 14th, James Labe purchased 46,700 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $5.99 per share, for a total transaction of $279,733.00.
• On Wednesday, November 12th, James Labe purchased 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $5.95 per share, with a total value of $297,500.00.
• On Tuesday, November 11th, James Labe acquired 26,117 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $5.76 per share, with a total value of $150,433.92.
• On Wednesday, September 3rd, James Labe purchased 48,800 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.77 per share, for a total transaction of $330,376.00.
• On Tuesday, September 2nd, James Labe purchased 54,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.72 per share, with a total value of $362,880.00.
• On Friday, August 29th, James Labe purchased 65,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.73 per share, for a total transaction 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 purchased 53,160 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.63 per share, for a total transaction of $352,450.80.
• On Tuesday, August 26th, James Labe bought 27,988 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.48 per share, with a total value of $181,362.24.

TriplePoint Venture Growth BDC Trading Up 1.6%

NYSE:TPVG traded up $0.10 during trading hours on Wednesday, reaching $6.15. The company had a trading volume of 405,371 shares, compared to its average volume of 319,058. TriplePoint Venture Growth BDC Corp. has a 52 week low of $5.24 and a 52 week high of $8.50. The firm’s 50 day moving average price is $5.80 and its 200-day moving average price is $6.45. The firm has a market cap of $248.26 million, a price-to-earnings ratio of 7.23 and a beta of 1.47.

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 the consensus estimate 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 for the quarter, compared to analysts’ expectations of $24.22 million. On average, analysts forecast that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current fiscal year.

TriplePoint Venture Growth BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be given a $0.23 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $0.92 dividend on an annualized basis and a yield of 15.0%. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is currently 108.24%.

Institutional Trading of TriplePoint Venture Growth BDC

Several institutional investors and hedge funds have recently bought and sold shares of TPVG. Two Sigma Investments LP grew its stake in shares of TriplePoint Venture Growth BDC by 58.6% in the third 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 increased its holdings in TriplePoint Venture Growth BDC by 44.9% in the second quarter. Marshall Wace LLP now owns 529,201 shares of the investment management company’s stock valued at $3,710,000 after buying an additional 163,916 shares during the last quarter. Legal & General Group Plc lifted its stake in TriplePoint Venture Growth BDC by 4.5% during the second quarter. Legal & General Group Plc now owns 276,451 shares of the investment management company’s stock worth $1,935,000 after purchasing an additional 11,965 shares during the last quarter. Townsquare Capital LLC grew its position in shares of TriplePoint Venture Growth BDC by 20.6% in the 1st quarter. Townsquare Capital LLC now owns 102,318 shares of the investment management company’s stock valued at $714,000 after buying an additional 17,445 shares during the last quarter. Finally, Samalin Investment Counsel LLC increased its position in shares of TriplePoint Venture Growth BDC by 13.1% during the second quarter. Samalin Investment Counsel LLC now owns 92,636 shares of the investment management company’s stock worth $649,000 after purchasing an additional 10,730 shares in the last quarter. 12.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on TPVG shares. UBS Group cut their price objective on TriplePoint Venture Growth BDC from $6.50 to $5.50 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Zacks Research cut TriplePoint Venture Growth BDC from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research note on Thursday, November 13th. Finally, Piper Sandler lowered their price objective on shares of TriplePoint Venture Growth BDC from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, October 9th. Four analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, TriplePoint Venture Growth BDC has an average rating of “Reduce” and a consensus price target of $6.25.

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.