James Labe Acquires 39,044 Shares of TriplePoint Venture Growth BDC (NYSE:TPVG) Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CEO James Labe bought 39,044 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was bought at an average price of $6.18 per share, with a total value of $241,291.92. Following the completion of the purchase, the chief executive officer owned 1,513,078 shares of the company’s stock, valued at $9,350,822.04. This trade represents a 2.65% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, December 17th, James Labe purchased 27,900 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.19 per share, for a total transaction of $172,701.00.
• On Monday, December 15th, James Labe purchased 30,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.46 per share, for a total transaction of $193,800.00.
• On Friday, December 12th, James Labe acquired 19,919 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.64 per share, with a total value of $132,262.16.
• On Thursday, December 11th, James Labe bought 24,590 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.69 per share, for a total transaction of $164,507.10.
• On Wednesday, December 10th, James Labe bought 27,200 shares of TriplePoint Venture Growth BDC stock. The stock was 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 shares were purchased 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 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 stock was purchased at an average price of $6.57 per share, for a total transaction of $157,680.00.
• On Monday, December 1st, James Labe bought 50,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.40 per share, with a total value of $320,000.00.
• On Monday, November 24th, James Labe purchased 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.31 per share, for a total transaction of $315,500.00.

TriplePoint Venture Growth BDC Trading Down 1.8%

Shares of NYSE TPVG opened at $6.17 on Friday. 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 market cap of $249.27 million, a PE ratio of 7.26 and a beta of 1.35. The stock has a 50 day simple moving average of $6.02 and a 200-day simple moving average of $6.42.

TriplePoint Venture Growth BDC (NYSE:TPVG) last posted its earnings results on Wednesday, November 5th. The investment management company reported $0.26 EPS for the quarter, missing the consensus estimate 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 business had revenue of $22.66 million during the quarter, compared to analyst estimates of $24.22 million. Sell-side analysts forecast that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current fiscal year.

TriplePoint Venture Growth BDC Announces Dividend

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

Hedge Funds Weigh In On TriplePoint Venture Growth BDC

Several institutional investors have recently bought and sold shares of TPVG. HighTower Advisors LLC acquired a new stake in shares of TriplePoint Venture Growth BDC in the first quarter worth about $72,000. Samalin Investment Counsel LLC raised its stake in shares of 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 acquiring an additional 11,364 shares in the last quarter. Quarry LP lifted its holdings 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 worth $33,000 after purchasing an additional 1,629 shares during the last quarter. PharVision Advisers LLC lifted its holdings in TriplePoint Venture Growth BDC by 15.7% in the 1st quarter. PharVision Advisers LLC now owns 13,193 shares of the investment management company’s stock worth $92,000 after purchasing an additional 1,789 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in TriplePoint Venture Growth BDC by 28.1% during the first quarter. Jane Street Group LLC now owns 67,693 shares of the investment management company’s stock worth $472,000 after purchasing an additional 14,865 shares during the period. 12.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TPVG has been the subject of a number of research analyst reports. UBS Group reduced 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 note on Tuesday, October 14th. Weiss Ratings reissued a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research note on Monday. Piper Sandler cut their target price on shares of TriplePoint Venture Growth BDC from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, October 9th. Wall Street Zen raised TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Finally, Zacks Research upgraded shares of TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Five investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $6.25.

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.