TriplePoint Venture Growth BDC (NYSE:TPVG) CEO Acquires $199,506.45 in Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CEO James Labe purchased 30,459 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were bought at an average price of $6.55 per share, for a total transaction of $199,506.45. Following the acquisition, the chief executive officer owned 1,809,827 shares in the company, valued at $11,854,366.85. This trade represents a 1.71% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, January 2nd, James Labe acquired 27,153 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.60 per share, with a total value of $179,209.80.
• On Tuesday, December 30th, James Labe bought 25,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.45 per share, for a total transaction of $161,250.00.
• On Monday, December 29th, James Labe bought 27,410 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.34 per share, for a total transaction of $173,779.40.
• On Friday, December 26th, James Labe purchased 31,600 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.30 per share, with a total value of $199,080.00.
• On Wednesday, December 24th, James Labe acquired 26,756 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.30 per share, for a total transaction of $168,562.80.
• On Tuesday, December 23rd, James Labe acquired 31,910 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.29 per share, for a total transaction of $200,713.90.
• On Monday, December 22nd, James Labe acquired 26,900 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.29 per share, with a total value of $169,201.00.
• On Friday, December 19th, James Labe bought 29,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.25 per share, for a total transaction of $181,250.00.
• On Thursday, December 18th, James Labe purchased 25,000 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 $157,500.00.
• On Wednesday, December 17th, James Labe purchased 27,900 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.19 per share, with a total value of $172,701.00.

TriplePoint Venture Growth BDC Price Performance

Shares of TPVG traded up $0.03 during mid-day trading on Monday, reaching $6.67. The company’s stock had a trading volume of 483,619 shares, compared to its average volume of 429,243. 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 $269.27 million, a PE ratio of 7.84 and a beta of 1.35. The company’s 50 day moving average is $6.20 and its 200 day moving average is $6.36.

TriplePoint Venture Growth BDC (NYSE:TPVG) last posted its 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 for the quarter, compared to analysts’ expectations of $24.22 million. TriplePoint Venture Growth BDC had a return on equity of 12.88% and a net margin of 36.02%. As a group, sell-side analysts anticipate that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current fiscal year.

TriplePoint Venture Growth BDC Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 13.8%. The ex-dividend date of this dividend was Tuesday, December 16th. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is 108.24%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a report on Monday, December 29th. Wall Street Zen raised TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Zacks Research upgraded TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. UBS Group lowered their target price on shares of 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. Finally, Piper Sandler reduced their price target 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 equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $6.25.

Hedge Funds Weigh In On TriplePoint Venture Growth BDC

Several institutional investors have recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. acquired a new stake in shares of TriplePoint Venture Growth BDC in the 2nd quarter worth $26,000. Quarry LP lifted its position in TriplePoint Venture Growth BDC by 53.6% in the first quarter. Quarry LP now owns 4,669 shares of the investment management company’s stock valued at $33,000 after purchasing an additional 1,629 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in TriplePoint Venture Growth BDC in the second quarter valued at about $35,000. Advisory Services Network LLC purchased a new stake in TriplePoint Venture Growth BDC in the 3rd quarter valued at approximately $33,000. Finally, PharVision Advisers LLC increased its position in 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 purchasing an additional 1,789 shares during the period. 12.77% of the stock is owned by institutional investors and hedge funds.

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.