TriplePoint Venture Growth BDC (NYSE:TPVG) CEO James Labe Purchases 16,000 Shares

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CEO James Labe acquired 16,000 shares of the firm’s stock in a transaction dated Friday, January 9th. The stock was bought at an average cost of $6.56 per share, with a total value of $104,960.00. Following the acquisition, the chief executive officer owned 1,974,690 shares in the company, valued at approximately $12,953,966.40. This trade represents a 0.82% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, January 12th, James Labe purchased 23,799 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.66 per share, with a total value of $158,501.34.
• On Thursday, January 8th, James Labe bought 16,833 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.61 per share, for a total transaction of $111,266.13.
• On Wednesday, January 7th, James Labe acquired 30,877 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.43 per share, with a total value of $198,539.11.
• On Tuesday, January 6th, James Labe purchased 34,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.61 per share, with a total value of $224,740.00.
• On Monday, January 5th, James Labe acquired 40,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.70 per share, for a total transaction of $268,000.00.
• On Friday, January 2nd, James Labe acquired 27,153 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.60 per share, with a total value of $179,209.80.
• On Wednesday, December 31st, James Labe acquired 30,459 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.55 per share, for a total transaction of $199,506.45.
• On Tuesday, December 30th, James Labe purchased 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 bought 27,410 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price 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 stock was purchased at an average price of $6.30 per share, for a total transaction of $199,080.00.

TriplePoint Venture Growth BDC Stock Up 0.3%

NYSE TPVG traded up $0.02 during trading on Tuesday, hitting $6.58. The stock had a trading volume of 77,442 shares, compared to its average volume of 342,119. The company has a market capitalization of $265.83 million, a PE ratio of 7.74 and a beta of 1.35. The firm has a 50 day moving average price of $6.30 and a 200 day moving average price of $6.35. TriplePoint Venture Growth BDC Corp. has a twelve month low of $5.24 and a twelve month high of $8.20.

TriplePoint Venture Growth BDC (NYSE:TPVG) last posted its quarterly earnings data 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). The business had revenue of $22.66 million during the quarter, compared to analysts’ expectations of $24.22 million. TriplePoint Venture Growth BDC had a net margin of 36.02% and a return on equity of 12.88%. On average, sell-side analysts anticipate that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current year.

Institutional Investors Weigh In On TriplePoint Venture Growth BDC

Several large investors have recently made changes to their positions in the business. Norden Group LLC raised its holdings in shares of TriplePoint Venture Growth BDC by 150.1% during the 4th quarter. Norden Group LLC now owns 174,090 shares of the investment management company’s stock valued at $1,139,000 after buying an additional 104,492 shares during the period. Advisory Services Network LLC acquired a new stake in shares of TriplePoint Venture Growth BDC during the third quarter valued at about $33,000. CANADA LIFE ASSURANCE Co increased its position in shares of TriplePoint Venture Growth BDC by 35.5% during the third quarter. CANADA LIFE ASSURANCE Co now owns 51,515 shares of the investment management company’s stock worth $296,000 after acquiring an additional 13,490 shares during the last quarter. Verition Fund Management LLC lifted its stake in shares of TriplePoint Venture Growth BDC by 14.1% in the third quarter. Verition Fund Management LLC now owns 22,677 shares of the investment management company’s stock worth $131,000 after acquiring an additional 2,800 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in TriplePoint Venture Growth BDC in the third quarter valued at about $134,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TPVG shares. Zacks Research raised TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Piper Sandler dropped 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 report on Thursday, October 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research report on Monday, December 29th. Wall Street Zen upgraded shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Finally, UBS Group dropped 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 report on Tuesday, October 14th. Five investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, TriplePoint Venture Growth BDC currently has an average rating of “Reduce” and an average target price of $6.25.

About TriplePoint Venture Growth BDC

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.