TriplePoint Venture Growth BDC (NYSE:TPVG) CEO James Labe Acquires 16,833 Shares of Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CEO James Labe purchased 16,833 shares of the company’s stock in a transaction on Thursday, January 8th. The shares were purchased at an average cost of $6.61 per share, with a total value of $111,266.13. Following the transaction, the chief executive officer directly owned 1,958,690 shares in the company, valued at $12,946,940.90. This trade represents a 0.87% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Wednesday, January 7th, James Labe acquired 30,877 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.43 per share, with a total value of $198,539.11.
• On Tuesday, January 6th, James Labe bought 34,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.61 per share, with a total value of $224,740.00.
• On Monday, January 5th, James Labe bought 40,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.70 per share, for a total transaction of $268,000.00.
• On Friday, January 2nd, James Labe purchased 27,153 shares of TriplePoint Venture Growth BDC stock. The shares were acquired 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 stock was acquired at an average price of $6.55 per share, with a total value of $199,506.45.
• On Tuesday, December 30th, James Labe acquired 25,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.45 per share, for a total transaction of $161,250.00.
• On Monday, December 29th, James Labe bought 27,410 shares of TriplePoint Venture Growth BDC stock. The shares were acquired 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 shares were acquired at an average price of $6.30 per share, with a total value of $199,080.00.
• On Wednesday, December 24th, James Labe purchased 26,756 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost 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 bought at an average cost of $6.29 per share, for a total transaction of $200,713.90.

TriplePoint Venture Growth BDC Trading Up 1.1%

NYSE TPVG traded up $0.08 during trading on Friday, hitting $6.62. The company had a trading volume of 394,985 shares, compared to its average volume of 397,800. The company’s fifty day moving average is $6.28 and its 200-day moving average is $6.36. TriplePoint Venture Growth BDC Corp. has a one year low of $5.24 and a one year high of $8.20. The company has a market cap of $267.25 million, a price-to-earnings ratio of 7.78 and a beta of 1.35.

TriplePoint Venture Growth BDC (NYSE:TPVG) last announced its earnings results on Wednesday, November 5th. The investment management company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $24.22 million. As a group, equities analysts anticipate that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current year.

TriplePoint Venture Growth BDC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 13.9%. The ex-dividend date of this dividend was Tuesday, December 16th. TriplePoint Venture Growth BDC’s dividend payout ratio is presently 108.24%.

Wall Street Analysts Forecast Growth

TPVG has been the topic 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 on the stock in a 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 research report on Monday, December 8th. Wall Street Zen raised shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. UBS Group decreased their target price on shares of TriplePoint Venture Growth BDC from $6.50 to $5.50 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research report on Monday, December 29th. Five investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, TriplePoint Venture Growth BDC has a consensus rating of “Reduce” and a consensus price target of $6.25.

Hedge Funds Weigh In On TriplePoint Venture Growth BDC

Hedge funds have recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. bought a new position in TriplePoint Venture Growth BDC in the 2nd quarter valued at approximately $26,000. Advisory Services Network LLC bought a new stake in TriplePoint Venture Growth BDC in the 3rd quarter worth about $33,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of TriplePoint Venture Growth BDC during the second quarter valued at approximately $35,000. Bluefin Capital Management LLC bought a new position in TriplePoint Venture Growth BDC during the second quarter valued at approximately $105,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in TriplePoint Venture Growth BDC in the second quarter worth approximately $131,000. 12.77% of the stock is currently owned by hedge funds and other institutional investors.

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.