James Labe Acquires 27,900 Shares of TriplePoint Venture Growth BDC (NYSE:TPVG) Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CEO James Labe purchased 27,900 shares of the stock in a transaction on Wednesday, December 17th. The stock was acquired at an average cost of $6.19 per share, for a total transaction of $172,701.00. Following the acquisition, the chief executive officer owned 1,540,978 shares in the company, valued at approximately $9,538,653.82. This represents a 1.84% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through this link.

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

• On Tuesday, December 16th, James Labe purchased 39,044 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.18 per share, for a total transaction of $241,291.92.
• On Monday, December 15th, James Labe bought 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 Friday, December 12th, James Labe purchased 19,919 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.64 per share, with a total value of $132,262.16.
• On Thursday, December 11th, James Labe acquired 24,590 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price 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 stock was bought at an average price of $6.78 per share, with a total value of $184,416.00.
• On Friday, December 5th, James Labe purchased 47,741 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.81 per share, for a total transaction of $325,116.21.
• On Thursday, December 4th, James Labe bought 47,713 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.62 per share, for a total transaction of $315,860.06.
• On Wednesday, December 3rd, James Labe bought 24,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired 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, with a total value of $320,000.00.
• On Monday, November 24th, James Labe acquired 50,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.31 per share, with a total value of $315,500.00.

TriplePoint Venture Growth BDC Stock Up 1.9%

NYSE:TPVG traded up $0.12 on Thursday, reaching $6.30. 417,186 shares of the company’s stock traded hands, compared to its average volume of 331,880. The stock has a 50-day simple moving average of $5.98 and a 200-day simple moving average of $6.43. TriplePoint Venture Growth BDC Corp. has a 12 month low of $5.24 and a 12 month high of $8.20. The firm has a market cap of $254.52 million, a PE ratio of 7.41 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 (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 analysts’ expectations of $24.22 million. TriplePoint Venture Growth BDC had a return on equity of 12.88% and a net margin of 36.02%. On average, equities analysts anticipate that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current year.

TriplePoint Venture Growth BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, December 16th. This represents a $0.92 annualized dividend and a dividend yield of 14.6%. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is presently 108.24%.

Institutional Investors Weigh In On TriplePoint Venture Growth BDC

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. bought a new position in TriplePoint Venture Growth BDC during the 2nd quarter valued at about $26,000. Quarry LP grew its stake in shares of TriplePoint Venture Growth BDC by 53.6% during the first quarter. Quarry LP now owns 4,669 shares of the investment management company’s stock valued at $33,000 after buying an additional 1,629 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of TriplePoint Venture Growth BDC in the third quarter worth approximately $33,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of TriplePoint Venture Growth BDC during the 2nd quarter worth approximately $35,000. Finally, HighTower Advisors LLC purchased a new position in TriplePoint Venture Growth BDC during the 1st quarter valued at $72,000. 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 research reports. 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. 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 upgraded TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a report on Monday. Finally, UBS Group decreased their target price 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. Five research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price 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.