TriplePoint Venture Growth BDC (NYSE:TPVG) CEO Purchases $250,488.00 in Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CEO James Labe bought 39,760 shares of TriplePoint Venture Growth BDC stock in a transaction that occurred on Friday, November 21st. The shares were acquired at an average price of $6.30 per share, for a total transaction of $250,488.00. Following the acquisition, the chief executive officer directly owned 968,898 shares in the company, valued at approximately $6,104,057.40. This represents a 4.28% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, November 24th, James Labe purchased 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.31 per share, with a total value of $315,500.00.
• On Thursday, November 20th, James Labe bought 42,999 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.28 per share, with a total value of $270,033.72.
• On Wednesday, November 19th, James Labe acquired 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.19 per share, with a total value of $309,500.00.
• On Tuesday, November 18th, James Labe bought 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 Monday, November 17th, James Labe purchased 44,648 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.06 per share, with a total value of $270,566.88.
• On Friday, November 14th, James Labe bought 46,700 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $5.99 per share, with a total value of $279,733.00.
• On Wednesday, November 12th, James Labe acquired 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $5.95 per share, for a total transaction of $297,500.00.
• On Tuesday, November 11th, James Labe purchased 26,117 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $5.76 per share, for a total transaction of $150,433.92.
• On Wednesday, September 3rd, James Labe bought 48,800 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost 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 price of $6.72 per share, for a total transaction of $362,880.00.

TriplePoint Venture Growth BDC Stock Down 1.0%

Shares of NYSE TPVG opened at $6.32 on Friday. TriplePoint Venture Growth BDC Corp. has a 12 month low of $5.24 and a 12 month high of $8.50. The business has a fifty day simple moving average of $5.78 and a 200-day simple moving average of $6.45. The company has a market cap of $255.45 million, a price-to-earnings ratio of 7.44 and a beta of 1.47.

TriplePoint Venture Growth BDC (NYSE:TPVG) last posted its quarterly 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). 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%. As a group, sell-side analysts expect that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current fiscal year.

TriplePoint Venture Growth BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors 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 14.6%. The ex-dividend date of this dividend is Tuesday, December 16th. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is presently 108.24%.

Wall Street Analysts Forecast Growth

TPVG has been the subject of a number of research analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research report on Tuesday. UBS Group cut 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. Zacks Research cut shares of TriplePoint Venture Growth BDC from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. 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 report on Thursday, October 9th. Finally, Wall Street Zen cut shares of TriplePoint Venture Growth BDC from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Four equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $6.25.

Institutional Trading of TriplePoint Venture Growth BDC

Several large investors have recently added to or reduced their stakes in TPVG. Advisory Services Network LLC bought a new position in TriplePoint Venture Growth BDC in the 3rd quarter valued at $33,000. CANADA LIFE ASSURANCE Co increased its position in TriplePoint Venture Growth BDC by 35.5% in the third quarter. CANADA LIFE ASSURANCE Co now owns 51,515 shares of the investment management company’s stock worth $296,000 after purchasing an additional 13,490 shares during the period. Verition Fund Management LLC raised its holdings in TriplePoint Venture Growth BDC by 14.1% during the 3rd quarter. Verition Fund Management LLC now owns 22,677 shares of the investment management company’s stock worth $131,000 after purchasing an additional 2,800 shares during the last quarter. Millennium Management LLC bought a new position in shares of TriplePoint Venture Growth BDC in the 3rd quarter valued at about $134,000. Finally, Brevan Howard Capital Management LP acquired a new stake in shares of TriplePoint Venture Growth BDC during the 3rd quarter worth approximately $165,000. 12.77% of the stock is owned by institutional investors.

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.