James Labe Acquires 27,900 Shares of TriplePoint Venture Growth BDC (NYSE:TPVG) Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CEO James Labe acquired 27,900 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was purchased at an average price of $6.19 per share, for a total transaction of $172,701.00. Following the completion of the acquisition, the chief executive officer owned 1,540,978 shares in the company, valued at $9,538,653.82. The trade was a 1.84% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, December 16th, James Labe bought 39,044 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.18 per share, for a total transaction of $241,291.92.
• On Monday, December 15th, James Labe acquired 30,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.46 per share, with a total value of $193,800.00.
• On Friday, December 12th, James Labe acquired 19,919 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price 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 stock was acquired at an average price of $6.69 per share, with a total value of $164,507.10.
• On Wednesday, December 10th, James Labe purchased 27,200 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.78 per share, for a total transaction of $184,416.00.
• On Friday, December 5th, James Labe bought 47,741 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.81 per share, for a total transaction of $325,116.21.
• On Thursday, December 4th, James Labe purchased 47,713 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.62 per share, with a total value of $315,860.06.
• On Wednesday, December 3rd, James Labe acquired 24,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.57 per share, for a total transaction of $157,680.00.
• On Monday, December 1st, James Labe acquired 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.40 per share, for a total transaction of $320,000.00.
• On Monday, November 24th, James Labe purchased 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.31 per share, for a total transaction of $315,500.00.

TriplePoint Venture Growth BDC Trading Down 1.8%

Shares of TPVG opened at $6.17 on Friday. The firm has a 50-day moving average price of $6.02 and a 200 day moving average price of $6.42. TriplePoint Venture Growth BDC Corp. has a 12-month low of $5.24 and a 12-month high of $8.20. The firm has a market capitalization of $249.27 million, a P/E ratio of 7.26 and a beta of 1.35.

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

TriplePoint Venture Growth BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be given a $0.23 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $0.92 dividend on an annualized basis and a yield of 14.9%. TriplePoint Venture Growth BDC’s payout ratio is currently 108.24%.

Hedge Funds Weigh In On TriplePoint Venture Growth BDC

Institutional investors have recently modified their holdings of the business. Nomura Asset Management Co. Ltd. acquired a new stake in shares of TriplePoint Venture Growth BDC in the second quarter valued at $26,000. Quarry LP grew its stake in TriplePoint Venture Growth BDC by 53.6% during the 1st quarter. Quarry LP now owns 4,669 shares of the investment management company’s stock worth $33,000 after purchasing an additional 1,629 shares in the last quarter. Advisory Services Network LLC purchased a new stake in TriplePoint Venture Growth BDC during the 3rd quarter worth about $33,000. Northwestern Mutual Wealth Management Co. acquired a new stake in TriplePoint Venture Growth BDC in the 2nd quarter valued at about $35,000. Finally, HighTower Advisors LLC purchased a new position in shares of TriplePoint Venture Growth BDC in the 1st quarter valued at about $72,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on TPVG. UBS Group dropped their price target on shares of TriplePoint Venture Growth BDC from $6.50 to $5.50 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. 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. Weiss Ratings restated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research note on Monday. Piper Sandler lowered their price target on TriplePoint Venture Growth BDC from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, October 9th. Finally, Zacks Research upgraded TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Five research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $6.25.

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.