TriplePoint Venture Growth BDC (NYSE:TPVG) CEO James Labe Purchases 19,919 Shares of Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CEO James Labe bought 19,919 shares of the company’s stock in a transaction on Friday, December 12th. The shares were acquired at an average price of $6.64 per share, with a total value of $132,262.16. Following the completion of the acquisition, the chief executive officer directly owned 1,444,034 shares in the company, valued at $9,588,385.76. This represents a 1.40% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, December 15th, James Labe purchased 30,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.46 per share, for a total transaction of $193,800.00.
• On Thursday, December 11th, James Labe acquired 24,590 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.69 per share, with a total value of $164,507.10.
• On Wednesday, December 10th, James Labe acquired 27,200 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.78 per share, with a total value of $184,416.00.
• On Friday, December 5th, James Labe bought 47,741 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.81 per share, for a total transaction of $325,116.21.
• On Thursday, December 4th, James Labe purchased 47,713 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.62 per share, with a total value of $315,860.06.
• On Wednesday, December 3rd, James Labe purchased 24,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.57 per share, with a total value of $157,680.00.
• On Monday, December 1st, James Labe acquired 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.40 per share, for a total transaction of $320,000.00.
• On Monday, November 24th, James Labe acquired 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.31 per share, with a total value of $315,500.00.
• On Friday, November 21st, James Labe acquired 39,760 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.30 per share, for a total transaction of $250,488.00.
• On Thursday, November 20th, James Labe purchased 42,999 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.28 per share, with a total value of $270,033.72.

TriplePoint Venture Growth BDC Stock Down 6.5%

Shares of TriplePoint Venture Growth BDC stock opened at $6.14 on Wednesday. TriplePoint Venture Growth BDC Corp. has a fifty-two week low of $5.24 and a fifty-two week high of $8.20. The business’s fifty day moving average is $5.97 and its two-hundred day moving average is $6.43. The firm has a market cap of $247.85 million, a PE ratio of 7.22 and a beta of 1.35.

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 return on equity of 12.88% and a net margin of 36.02%.The business had revenue of $22.66 million for the quarter, compared to analysts’ expectations of $24.22 million. Equities research analysts anticipate 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 will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 15.0%. The ex-dividend date of this dividend is Tuesday, December 16th. TriplePoint Venture Growth BDC’s payout ratio is 108.24%.

Institutional Trading of TriplePoint Venture Growth BDC

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

Wall Street Analyst Weigh In

TPVG has been the topic of a number of research reports. 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 report on Tuesday, October 14th. Piper Sandler dropped 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. 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. Weiss Ratings reissued a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research report on Monday. Finally, Zacks Research raised shares of TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Five investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $6.25.

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.