Insider Buying: TriplePoint Venture Growth BDC (NYSE:TPVG) CEO Purchases 23,799 Shares of Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CEO James Labe purchased 23,799 shares of the firm’s stock in a transaction on Monday, January 12th. The stock was bought at an average cost of $6.66 per share, with a total value of $158,501.34. Following the acquisition, the chief executive officer owned 1,998,489 shares of the company’s stock, valued at approximately $13,309,936.74. The trade was a 1.21% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Friday, January 9th, James Labe acquired 16,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.56 per share, for a total transaction of $104,960.00.
• On Thursday, January 8th, James Labe bought 16,833 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.61 per share, for a total transaction of $111,266.13.
• On Wednesday, January 7th, James Labe bought 30,877 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.43 per share, with a total value of $198,539.11.
• On Tuesday, January 6th, James Labe purchased 34,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.61 per share, for a total transaction of $224,740.00.
• On Monday, January 5th, James Labe acquired 40,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.70 per share, for a total transaction of $268,000.00.
• On Friday, January 2nd, James Labe acquired 27,153 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.60 per share, with a total value of $179,209.80.
• On Wednesday, December 31st, James Labe bought 30,459 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.55 per share, for a total transaction of $199,506.45.
• On Tuesday, December 30th, James Labe purchased 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 purchased 27,410 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.34 per share, with a total value of $173,779.40.
• On Friday, December 26th, James Labe acquired 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.

TriplePoint Venture Growth BDC Trading Up 0.3%

Shares of TPVG stock traded up $0.02 during trading hours on Tuesday, hitting $6.58. The company’s stock had a trading volume of 77,442 shares, compared to its average volume of 342,119. The stock has a market cap of $265.83 million, a PE ratio of 7.74 and a beta of 1.35. TriplePoint Venture Growth BDC Corp. has a 12-month low of $5.24 and a 12-month high of $8.20. The company has a 50 day moving average of $6.30 and a 200 day moving average of $6.35.

TriplePoint Venture Growth BDC (NYSE:TPVG) last issued 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). TriplePoint Venture Growth BDC had a return on equity of 12.88% and a net margin of 36.02%.The business had revenue of $22.66 million for the quarter, compared to analysts’ expectations of $24.22 million. As a group, analysts anticipate that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TPVG has been the subject of several recent research reports. Wall Street Zen upgraded TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. 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. Weiss Ratings reiterated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research note on Monday, December 29th. Piper Sandler lowered 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 report on Thursday, October 9th. Finally, UBS Group cut their price objective on shares of 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. Five research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, TriplePoint Venture Growth BDC presently has an average rating of “Reduce” and a consensus target price of $6.25.

Institutional Trading of TriplePoint Venture Growth BDC

Institutional investors have recently made changes to their positions in the company. Jane Street Group LLC grew its holdings in shares of TriplePoint Venture Growth BDC by 28.1% in the first quarter. Jane Street Group LLC now owns 67,693 shares of the investment management company’s stock valued at $472,000 after purchasing an additional 14,865 shares during the period. U.S. Capital Wealth Advisors LLC grew its stake in shares of TriplePoint Venture Growth BDC by 23.2% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 40,380 shares of the investment management company’s stock valued at $283,000 after buying an additional 7,600 shares during the period. Norden Group LLC grew its stake in shares of TriplePoint Venture Growth BDC by 36.4% in the 2nd quarter. Norden Group LLC now owns 56,848 shares of the investment management company’s stock valued at $399,000 after buying an additional 15,160 shares during the period. Kovack Advisors Inc. increased its holdings in shares of TriplePoint Venture Growth BDC by 10.5% during the 2nd quarter. Kovack Advisors Inc. now owns 50,319 shares of the investment management company’s stock worth $353,000 after buying an additional 4,800 shares during the last quarter. Finally, Ethos Financial Group LLC raised its position in shares of TriplePoint Venture Growth BDC by 84.9% during the 2nd quarter. Ethos Financial Group LLC now owns 46,627 shares of the investment management company’s stock valued at $327,000 after buying an additional 21,411 shares during the period. 12.77% of the stock is owned by institutional investors and hedge funds.

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.