TriplePoint Venture Growth BDC (NYSE:TPVG) CEO James Labe Acquires 30,877 Shares

TriplePoint Venture Growth BDC Corp. (NYSE:TPVGGet Free Report) CEO James Labe bought 30,877 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The shares were bought at an average price of $6.43 per share, for a total transaction of $198,539.11. Following the transaction, the chief executive officer directly owned 1,941,857 shares in the company, valued at $12,486,140.51. This trade represents a 1.62% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • On Thursday, January 8th, James Labe purchased 16,833 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.61 per share, with a total value of $111,266.13.
  • On Tuesday, January 6th, James Labe acquired 34,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.61 per share, for a total transaction of $224,740.00.
  • On Monday, January 5th, James Labe bought 40,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.70 per share, with a total value of $268,000.00.
  • On Friday, January 2nd, James Labe bought 27,153 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.60 per share, with a total value of $179,209.80.
  • On Wednesday, December 31st, James Labe purchased 30,459 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.55 per share, for a total transaction of $199,506.45.
  • On Tuesday, December 30th, James Labe acquired 25,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.45 per share, with a total value of $161,250.00.
  • On Monday, December 29th, James Labe acquired 27,410 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.34 per share, with a total value of $173,779.40.
  • On Friday, December 26th, James Labe bought 31,600 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 $199,080.00.
  • On Wednesday, December 24th, James Labe acquired 26,756 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.30 per share, for a total transaction 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.

TriplePoint Venture Growth BDC Stock Up 1.1%

Shares of TriplePoint Venture Growth BDC stock opened at $6.62 on Friday. TriplePoint Venture Growth BDC Corp. has a 52 week low of $5.24 and a 52 week high of $8.20. The business has a 50 day moving average price of $6.28 and a 200-day moving average price of $6.36. The company has a market cap of $267.25 million, a PE ratio of 7.78 and a beta of 1.35.

TriplePoint Venture Growth BDC (NYSE:TPVGGet Free Report) last released 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). TriplePoint Venture Growth BDC had a return on equity of 12.88% and a net margin of 36.02%.The firm had revenue of $22.66 million for the quarter, compared to analysts’ expectations of $24.22 million. As a group, 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 was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 13.9%. The ex-dividend date of this dividend was Tuesday, December 16th. TriplePoint Venture Growth BDC’s dividend payout ratio is currently 108.24%.

Institutional Investors Weigh In On TriplePoint Venture Growth BDC

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

Analyst Upgrades and Downgrades

TPVG has been the topic of several recent research reports. Piper Sandler dropped their price objective 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. Weiss Ratings restated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research note on Monday, December 29th. Wall Street Zen upgraded shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. UBS Group lowered 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 report on Tuesday, October 14th. Finally, Zacks Research raised TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Five analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $6.25.

Get Our Latest Stock Report on TPVG

TriplePoint Venture Growth BDC Company Profile

(Get Free Report)

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.

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