TriplePoint Venture Growth BDC (NYSE:TPVG) CEO Buys $168,562.80 in Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVGGet Free Report) CEO James Labe acquired 26,756 shares of TriplePoint Venture Growth BDC stock in a transaction that occurred on Wednesday, December 24th. The shares were purchased at an average price of $6.30 per share, for a total transaction of $168,562.80. Following the completion of the purchase, the chief executive officer directly owned 1,680,544 shares of the company’s stock, valued at $10,587,427.20. The trade was a 1.62% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Friday, December 26th, James Labe bought 31,600 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.30 per share, with a total value of $199,080.00.
  • On Tuesday, December 23rd, James Labe purchased 31,910 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.29 per share, for a total transaction of $200,713.90.
  • On Monday, December 22nd, James Labe purchased 26,900 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.29 per share, with a total value of $169,201.00.
  • On Friday, December 19th, James Labe acquired 29,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.25 per share, with a total value of $181,250.00.
  • On Thursday, December 18th, James Labe acquired 25,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.30 per share, for a total transaction of $157,500.00.
  • On Wednesday, December 17th, James Labe bought 27,900 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.19 per share, with a total value of $172,701.00.
  • On Tuesday, December 16th, James Labe bought 39,044 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.18 per share, with a total value of $241,291.92.
  • On Monday, December 15th, James Labe purchased 30,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price 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 bought at an average cost 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 bought at an average price of $6.69 per share, with a total value of $164,507.10.

TriplePoint Venture Growth BDC Stock Up 1.0%

NYSE TPVG traded up $0.07 during trading hours on Monday, hitting $6.39. The company had a trading volume of 283,064 shares, compared to its average volume of 332,764. The firm has a market cap of $257.99 million, a P/E ratio of 7.51 and a beta of 1.35. TriplePoint Venture Growth BDC Corp. has a fifty-two week low of $5.24 and a fifty-two week high of $8.20. The business has a fifty day simple moving average of $6.10 and a 200-day simple moving average of $6.38.

TriplePoint Venture Growth BDC (NYSE:TPVGGet Free Report) 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). TriplePoint Venture Growth BDC had a net margin of 36.02% and a return on equity of 12.88%. The firm had revenue of $22.66 million for the quarter, compared to analyst estimates of $24.22 million. Equities analysts forecast that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current fiscal year.

TriplePoint Venture Growth BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be given a $0.23 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $0.92 annualized dividend and a yield of 14.4%. TriplePoint Venture Growth BDC’s dividend payout ratio is 108.24%.

Analyst Upgrades and Downgrades

TPVG has been the subject of several analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research report on Monday, December 22nd. Wall Street Zen raised TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Piper Sandler decreased their price target on TriplePoint Venture Growth BDC from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, October 9th. Zacks Research raised TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Finally, UBS Group reduced their price objective 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 research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, TriplePoint Venture Growth BDC has a consensus rating of “Reduce” and a consensus price target of $6.25.

Check Out Our Latest Stock Analysis on TPVG

Institutional Trading of TriplePoint Venture Growth BDC

Hedge funds and other institutional investors have recently modified their holdings of the company. Nomura Asset Management Co. Ltd. acquired a new stake in shares of TriplePoint Venture Growth BDC in the second quarter valued at $26,000. Quarry LP raised 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 worth $33,000 after acquiring an additional 1,629 shares in the last quarter. Advisory Services Network LLC acquired a new stake in TriplePoint Venture Growth BDC in the 3rd quarter valued at about $33,000. Northwestern Mutual Wealth Management Co. acquired a new stake in TriplePoint Venture Growth BDC in the 2nd quarter valued at about $35,000. Finally, HighTower Advisors LLC bought a new position in shares of TriplePoint Venture Growth BDC during the 1st quarter valued at about $72,000. Institutional investors own 12.77% of the company’s stock.

TriplePoint Venture Growth BDC Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for TriplePoint Venture Growth BDC (NYSE:TPVG)

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