TriplePoint Venture Growth BDC (NYSE:TPVG) CEO Buys $198,539.11 in Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CEO James Labe bought 30,877 shares of the stock in a transaction dated Wednesday, January 7th. The shares were bought at an average price of $6.43 per share, for a total transaction of $198,539.11. Following the completion of the acquisition, the chief executive officer owned 1,941,857 shares in the company, valued at approximately $12,486,140.51. The trade was a 1.62% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Thursday, January 8th, James Labe acquired 16,833 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.61 per share, for a total transaction of $111,266.13.
• On Tuesday, January 6th, James Labe acquired 34,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.61 per share, for a total transaction of $224,740.00.
• On Monday, January 5th, James Labe bought 40,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.70 per share, with a total value of $268,000.00.
• On Friday, January 2nd, James Labe purchased 27,153 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price 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 bought at an average price of $6.55 per share, for a total transaction of $199,506.45.
• On Tuesday, December 30th, James Labe acquired 25,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.45 per share, with a total value of $161,250.00.
• On Monday, December 29th, James Labe acquired 27,410 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.34 per share, with a total value of $173,779.40.
• On Friday, December 26th, James Labe bought 31,600 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.30 per share, for a total transaction of $199,080.00.
• On Wednesday, December 24th, James Labe purchased 26,756 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.30 per share, with a total value of $168,562.80.
• On Tuesday, December 23rd, James Labe purchased 31,910 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.29 per share, with a total value of $200,713.90.

TriplePoint Venture Growth BDC Price Performance

Shares of TPVG stock traded up $0.08 during trading on Friday, hitting $6.62. 394,985 shares of the stock traded hands, compared to its average volume of 397,800. TriplePoint Venture Growth BDC Corp. has a 52-week low of $5.24 and a 52-week high of $8.20. The firm has a market capitalization of $267.25 million, a P/E ratio of 7.78 and a beta of 1.35. The firm’s fifty day moving average price is $6.28 and its 200-day moving average price 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 (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.03). TriplePoint Venture Growth BDC had a return on equity of 12.88% and a net margin of 36.02%.The business had revenue of $22.66 million for the quarter, compared to analyst estimates of $24.22 million. As a group, equities research analysts expect that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current year.

TriplePoint Venture Growth BDC Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th were given 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 13.9%. TriplePoint Venture Growth BDC’s dividend payout ratio is presently 108.24%.

Hedge Funds Weigh In On TriplePoint Venture Growth BDC

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Kovack Advisors Inc. increased its stake in TriplePoint Venture Growth BDC by 4.4% in the 3rd quarter. Kovack Advisors Inc. now owns 52,519 shares of the investment management company’s stock valued at $303,000 after purchasing an additional 2,200 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its holdings in shares of TriplePoint Venture Growth BDC by 6.4% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 42,980 shares of the investment management company’s stock worth $248,000 after buying an additional 2,600 shares in the last quarter. Verition Fund Management LLC raised its holdings in TriplePoint Venture Growth BDC by 14.1% in the 3rd quarter. Verition Fund Management LLC now owns 22,677 shares of the investment management company’s stock valued at $131,000 after acquiring an additional 2,800 shares during the last quarter. Nomura Asset Management Co. Ltd. acquired a new stake in TriplePoint Venture Growth BDC in the 2nd quarter worth about $26,000. Finally, Jane Street Group LLC lifted its holdings in shares of TriplePoint Venture Growth BDC by 7.3% during the 2nd quarter. Jane Street Group LLC now owns 72,663 shares of the investment management company’s stock worth $509,000 after acquiring an additional 4,970 shares during the period. 12.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TPVG shares. 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. Zacks Research upgraded shares of TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Piper Sandler decreased their price target on TriplePoint Venture Growth BDC from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note 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. Finally, 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 note on Tuesday, October 14th. Five analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, TriplePoint Venture Growth BDC has an average rating of “Reduce” and an average price target 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.