TriplePoint Venture Growth BDC (NYSE:TPVG) CEO Buys $268,000.00 in Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CEO James Labe purchased 40,000 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was purchased at an average price of $6.70 per share, with a total value of $268,000.00. Following the completion of the purchase, the chief executive officer directly owned 1,876,980 shares of the company’s stock, valued at approximately $12,575,766. This represents a 2.18% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Tuesday, January 6th, James Labe acquired 34,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.61 per share, for a total transaction of $224,740.00.
• On Friday, January 2nd, James Labe bought 27,153 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.60 per share, for a total transaction of $179,209.80.
• On Wednesday, December 31st, James Labe purchased 30,459 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.55 per share, with a total value of $199,506.45.
• On Tuesday, December 30th, James Labe acquired 25,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.45 per share, with a total value of $161,250.00.
• On Monday, December 29th, James Labe purchased 27,410 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.34 per share, with a total value of $173,779.40.
• On Friday, December 26th, James Labe acquired 31,600 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.30 per share, for a total transaction 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 shares were acquired at an average price of $6.29 per share, with a total value of $200,713.90.
• On Monday, December 22nd, James Labe bought 26,900 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.29 per share, for a total transaction of $169,201.00.
• On Friday, December 19th, James Labe purchased 29,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.25 per share, for a total transaction of $181,250.00.

TriplePoint Venture Growth BDC Stock Down 3.0%

Shares of NYSE:TPVG traded down $0.20 during trading on Wednesday, reaching $6.41. 400,880 shares of the company traded hands, compared to its average volume of 439,441. The firm has a fifty day simple moving average of $6.24 and a 200 day simple moving average of $6.36. TriplePoint Venture Growth BDC Corp. has a 1-year low of $5.24 and a 1-year high of $8.20. The firm has a market cap of $258.76 million, a P/E ratio of 7.54 and a beta of 1.35.

TriplePoint Venture Growth BDC (NYSE:TPVG) last announced its quarterly earnings results on Wednesday, November 5th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.03). The firm had revenue of $22.66 million for the quarter, compared to analyst estimates of $24.22 million. TriplePoint Venture Growth BDC had a net margin of 36.02% and a return on equity of 12.88%. As a group, research analysts anticipate that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current year.

TriplePoint Venture Growth BDC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th were issued a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $0.92 dividend on an annualized basis and a yield of 14.4%. TriplePoint Venture Growth BDC’s dividend payout ratio is 108.24%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Wall Street Zen raised shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Piper Sandler cut 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 report on Thursday, October 9th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research note on Monday, December 29th. UBS Group cut their target price 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. Finally, Zacks Research upgraded TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Five equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, TriplePoint Venture Growth BDC has an average rating of “Reduce” and an average target price of $6.25.

Hedge Funds Weigh In On TriplePoint Venture Growth BDC

Large investors have recently made changes to their positions in the company. Norden Group LLC grew its holdings in TriplePoint Venture Growth BDC by 36.4% during the 2nd quarter. Norden Group LLC now owns 56,848 shares of the investment management company’s stock worth $399,000 after acquiring an additional 15,160 shares during the period. U.S. Capital Wealth Advisors LLC boosted its holdings in shares of TriplePoint Venture Growth BDC by 23.2% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 40,380 shares of the investment management company’s stock valued at $283,000 after buying an additional 7,600 shares during the period. Samalin Investment Counsel LLC boosted its stake in TriplePoint Venture Growth BDC by 13.1% in the 2nd quarter. Samalin Investment Counsel LLC now owns 92,636 shares of the investment management company’s stock worth $649,000 after purchasing an additional 10,730 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in TriplePoint Venture Growth BDC in the 2nd quarter valued at approximately $131,000. Finally, Ethos Financial Group LLC boosted its position in TriplePoint Venture Growth BDC by 84.9% during the 2nd quarter. Ethos Financial Group LLC now owns 46,627 shares of the investment management company’s stock worth $327,000 after acquiring an additional 21,411 shares during the last quarter. Institutional investors and hedge funds 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.