Insider Buying: TriplePoint Venture Growth BDC (NYSE:TPVG) CEO Acquires $157,500.00 in Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CEO James Labe bought 25,000 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was acquired at an average cost of $6.30 per share, with a total value of $157,500.00. Following the transaction, the chief executive officer owned 1,565,978 shares in the company, valued at $9,865,661.40. The trade was a 1.62% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, December 19th, James Labe bought 29,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.25 per share, for a total transaction of $181,250.00.
• On Wednesday, December 17th, James Labe purchased 27,900 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.19 per share, for a total transaction of $172,701.00.
• On Tuesday, December 16th, James Labe purchased 39,044 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.18 per share, with a total value of $241,291.92.
• On Monday, December 15th, James Labe acquired 30,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost 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 stock was acquired at an average price 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 acquired at an average cost of $6.69 per share, with a total value of $164,507.10.
• On Wednesday, December 10th, James Labe bought 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 acquired 47,741 shares of TriplePoint Venture Growth BDC stock. The shares were bought 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 purchased at an average price 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 stock was purchased at an average cost of $6.57 per share, with a total value of $157,680.00.

TriplePoint Venture Growth BDC Price Performance

Shares of NYSE:TPVG traded up $0.06 during trading on Monday, hitting $6.24. 312,524 shares of the company’s stock were exchanged, compared to its average volume of 332,375. The business’s 50-day simple moving average is $6.02 and its 200 day simple moving average is $6.41. The company has a market cap of $251.97 million, a price-to-earnings ratio of 7.34 and a beta of 1.35. 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 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 business had revenue of $22.66 million during 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%. On average, sell-side analysts anticipate that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current fiscal year.

TriplePoint Venture Growth BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 14.8%. The ex-dividend date of this dividend is Tuesday, December 16th. TriplePoint Venture Growth BDC’s dividend payout ratio is 108.24%.

Analysts Set New Price Targets

A number of research firms recently commented on TPVG. UBS Group decreased their target price 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. Zacks Research upgraded TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a report on Monday, December 15th. Wall Street Zen raised shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Finally, Piper Sandler lowered their price objective on shares of 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. 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, TriplePoint Venture Growth BDC currently has an average rating of “Reduce” and a consensus target price of $6.25.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Two Sigma Investments LP grew its holdings in shares of TriplePoint Venture Growth BDC by 58.6% during the third quarter. Two Sigma Investments LP now owns 612,727 shares of the investment management company’s stock valued at $3,535,000 after buying an additional 226,479 shares during the last quarter. Marshall Wace LLP lifted its position in TriplePoint Venture Growth BDC by 44.9% during the 2nd quarter. Marshall Wace LLP now owns 529,201 shares of the investment management company’s stock worth $3,710,000 after acquiring an additional 163,916 shares during the period. Meridian Wealth Management LLC acquired a new stake in TriplePoint Venture Growth BDC during the 3rd quarter worth about $173,000. Aquatic Capital Management LLC grew its stake in TriplePoint Venture Growth BDC by 251.3% during the 3rd quarter. Aquatic Capital Management LLC now owns 41,137 shares of the investment management company’s stock valued at $237,000 after purchasing an additional 29,427 shares during the last quarter. Finally, Brevan Howard Capital Management LP acquired a new position in shares of TriplePoint Venture Growth BDC in the third quarter valued at about $165,000. Institutional investors own 12.77% of the company’s stock.

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.