James Labe Acquires 40,000 Shares of TriplePoint Venture Growth BDC (NYSE:TPVG) Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CEO James Labe purchased 40,000 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was bought at an average price of $6.70 per share, for a total transaction of $268,000.00. Following the completion of the acquisition, the chief executive officer owned 1,876,980 shares of the company’s stock, valued at approximately $12,575,766. The trade was a 2.18% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Tuesday, January 6th, James Labe acquired 34,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.61 per share, for a total transaction of $224,740.00.
• On Friday, January 2nd, James Labe purchased 27,153 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.60 per share, for a total transaction of $179,209.80.
• On Wednesday, December 31st, James Labe acquired 30,459 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.55 per share, for a total transaction of $199,506.45.
• On Tuesday, December 30th, James Labe bought 25,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.45 per share, for a total transaction of $161,250.00.
• On Monday, December 29th, James Labe acquired 27,410 shares of TriplePoint Venture Growth BDC stock. The shares were bought 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 stock was purchased 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 purchased at an average price 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 acquired at an average price of $6.29 per share, with a total value 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 acquired 29,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.25 per share, for a total transaction of $181,250.00.

TriplePoint Venture Growth BDC Price Performance

TriplePoint Venture Growth BDC stock traded down $0.20 during trading hours on Wednesday, hitting $6.41. 400,880 shares of the stock traded hands, compared to its average volume of 439,441. The firm’s 50 day moving average price is $6.24 and its 200-day moving average price is $6.36. The stock has a market capitalization of $258.76 million, a price-to-earnings ratio of 7.54 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 announced its quarterly earnings data 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 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%. Research 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th were issued a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $0.92 dividend on an annualized basis and a yield of 14.4%. TriplePoint Venture Growth BDC’s dividend payout ratio is presently 108.24%.

Institutional Investors Weigh In On TriplePoint Venture Growth BDC

Hedge funds and other institutional investors have recently made changes to their positions in the business. Two Sigma Investments LP raised its stake in TriplePoint Venture Growth BDC by 58.6% during the third quarter. Two Sigma Investments LP now owns 612,727 shares of the investment management company’s stock worth $3,535,000 after purchasing an additional 226,479 shares during the period. Marshall Wace LLP boosted its stake in shares of 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 purchasing an additional 163,916 shares during the period. Meridian Wealth Management LLC acquired a new stake in TriplePoint Venture Growth BDC during the 3rd quarter valued at $173,000. Aquatic Capital Management LLC boosted its position in 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 valued at $237,000 after buying an additional 29,427 shares during the last quarter. Finally, Brevan Howard Capital Management LP acquired a new position in shares of TriplePoint Venture Growth BDC in the third quarter worth about $165,000. Hedge funds and other institutional investors own 12.77% of the company’s stock.

Analyst Ratings Changes

TPVG has been the subject of a number of recent research reports. Piper Sandler reduced their target price on shares of 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. UBS Group cut their target price on shares of TriplePoint Venture Growth BDC from $6.50 to $5.50 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. Zacks Research raised shares of TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Wall Street Zen raised TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research report on Monday, December 29th. 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, the company currently has a consensus rating of “Reduce” and an average target price 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.