TriplePoint Venture Growth BDC (NYSE:TPVG) CEO James Labe Acquires 31,910 Shares

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CEO James Labe acquired 31,910 shares of the stock in a transaction on Tuesday, December 23rd. The shares were purchased at an average price of $6.29 per share, with a total value of $200,713.90. Following the completion of the transaction, the chief executive officer owned 1,653,788 shares of the company’s stock, valued at approximately $10,402,326.52. This represents a 1.97% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

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

• On Friday, December 26th, James Labe bought 31,600 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.30 per share, for a total transaction 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 price of $6.30 per share, for a total transaction of $168,562.80.
• On Monday, December 22nd, James Labe purchased 26,900 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.29 per share, with a total value of $169,201.00.
• On Friday, December 19th, James Labe acquired 29,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.25 per share, with a total value of $181,250.00.
• On Thursday, December 18th, James Labe acquired 25,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.30 per share, for a total transaction of $157,500.00.
• On Wednesday, December 17th, James Labe bought 27,900 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.19 per share, with a total value of $172,701.00.
• On Tuesday, December 16th, James Labe bought 39,044 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.18 per share, with a total value of $241,291.92.
• On Monday, December 15th, James Labe purchased 30,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought 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 bought at an average cost of $6.64 per share, for a total transaction of $132,262.16.
• On Thursday, December 11th, James Labe acquired 24,590 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.69 per share, with a total value of $164,507.10.

TriplePoint Venture Growth BDC Trading Up 1.0%

NYSE:TPVG traded up $0.07 on Monday, hitting $6.39. The company had a trading volume of 283,064 shares, compared to its average volume of 332,764. The stock has a market capitalization of $257.99 million, a price-to-earnings ratio of 7.52 and a beta of 1.35. The firm has a 50 day moving average of $6.10 and a two-hundred day moving average of $6.38. TriplePoint Venture Growth BDC Corp. has a 52 week low of $5.24 and a 52 week high of $8.20.

TriplePoint Venture Growth BDC (NYSE:TPVG) last posted 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). The company had revenue of $22.66 million for the quarter, compared to the consensus estimate of $24.22 million. TriplePoint Venture Growth BDC had a return on equity of 12.88% and a net margin of 36.02%. As a group, equities analysts forecast 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $0.92 annualized dividend and a dividend yield of 14.4%. TriplePoint Venture Growth BDC’s dividend payout ratio is currently 108.24%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TPVG. Zacks Research upgraded TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Weiss Ratings restated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research report on Monday, December 22nd. Piper Sandler cut their price objective on TriplePoint Venture Growth BDC from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, October 9th. UBS Group reduced their target price 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. Finally, Wall Street Zen upgraded shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Five investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, TriplePoint Venture Growth BDC currently has an average rating of “Reduce” and an average price target of $6.25.

Hedge Funds Weigh In On TriplePoint Venture Growth BDC

A number of institutional investors and hedge funds have recently modified their holdings of TPVG. Nomura Asset Management Co. Ltd. acquired a new position in shares of TriplePoint Venture Growth BDC during the 2nd quarter valued at $26,000. Quarry LP increased its stake in TriplePoint Venture Growth BDC by 53.6% in the first quarter. Quarry LP now owns 4,669 shares of the investment management company’s stock valued at $33,000 after purchasing an additional 1,629 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of TriplePoint Venture Growth BDC during the second quarter valued at about $35,000. Advisory Services Network LLC bought a new position in shares of TriplePoint Venture Growth BDC during 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. 12.77% of the stock is currently owned by institutional investors.

TriplePoint Venture Growth BDC Company Profile

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.