Insider Buying: TriplePoint Venture Growth BDC (NYSE:TPVG) CEO Purchases 30,000 Shares of Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CEO James Labe acquired 30,000 shares of TriplePoint Venture Growth BDC stock in a transaction dated Monday, December 15th. The shares were purchased at an average price of $6.46 per share, with a total value of $193,800.00. Following the acquisition, the chief executive officer owned 1,474,034 shares of the company’s stock, valued at approximately $9,522,259.64. This trade represents a 2.08% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Friday, December 12th, James Labe purchased 19,919 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.64 per share, for a total transaction of $132,262.16.
• On Thursday, December 11th, James Labe bought 24,590 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.69 per share, for a total transaction of $164,507.10.
• On Wednesday, December 10th, James Labe acquired 27,200 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.78 per share, for a total transaction of $184,416.00.
• On Friday, December 5th, James Labe purchased 47,741 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.81 per share, with a total value of $325,116.21.
• On Thursday, December 4th, James Labe purchased 47,713 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.62 per share, with a total value 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 price 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 acquired at an average price 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 cost of $6.31 per share, for a total transaction of $315,500.00.
• On Friday, November 21st, James Labe bought 39,760 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 $250,488.00.
• On Thursday, November 20th, James Labe bought 42,999 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.28 per share, with a total value of $270,033.72.

TriplePoint Venture Growth BDC Stock Performance

Shares of TriplePoint Venture Growth BDC stock traded down $0.38 during midday trading on Tuesday, hitting $6.19. 186,509 shares of the company traded hands, compared to its average volume of 328,220. TriplePoint Venture Growth BDC Corp. has a 12 month low of $5.24 and a 12 month high of $8.20. The stock has a market cap of $249.87 million, a price-to-earnings ratio of 7.28 and a beta of 1.35. The firm’s fifty day moving average price is $5.96 and its 200-day moving average price is $6.43.

TriplePoint Venture Growth BDC (NYSE:TPVG) last announced its quarterly earnings results on Wednesday, November 5th. The investment management company reported $0.26 EPS 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 firm had revenue of $22.66 million during the quarter, compared to the consensus estimate of $24.22 million. Equities research analysts forecast that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current year.

TriplePoint Venture Growth BDC Dividend Announcement

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 14.9%. TriplePoint Venture Growth BDC’s dividend payout ratio is currently 108.24%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TPVG. HighTower Advisors LLC bought a new position in shares of TriplePoint Venture Growth BDC in the first quarter valued at approximately $72,000. Ethos Financial Group LLC bought a new stake in TriplePoint Venture Growth BDC in the 1st quarter worth about $176,000. Samalin Investment Counsel LLC increased its stake in TriplePoint Venture Growth BDC by 16.1% in the 1st quarter. Samalin Investment Counsel LLC now owns 81,906 shares of the investment management company’s stock valued at $572,000 after buying an additional 11,364 shares during the last quarter. Quarry LP increased its stake in TriplePoint Venture Growth BDC by 53.6% in the 1st 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. Finally, PharVision Advisers LLC lifted its position in shares of TriplePoint Venture Growth BDC by 15.7% during the 1st quarter. PharVision Advisers LLC now owns 13,193 shares of the investment management company’s stock worth $92,000 after buying an additional 1,789 shares in the last quarter. 12.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on TPVG. Weiss Ratings reiterated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research report on Monday, December 8th. Zacks Research upgraded shares of TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Piper Sandler decreased their price objective on TriplePoint Venture Growth BDC from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, October 9th. Wall Street Zen raised TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Finally, UBS Group reduced their price target 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $6.25.

About TriplePoint Venture Growth BDC

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.