TriplePoint Venture Growth BDC (NYSE:TPVG) CEO James Labe Acquires 25,000 Shares of Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CEO James Labe acquired 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The stock was acquired at an average cost of $6.30 per share, with a total value of $157,500.00. Following the completion of the acquisition, the chief executive officer directly owned 1,565,978 shares in the company, valued at approximately $9,865,661.40. This represents a 1.62% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, December 19th, James Labe bought 29,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.25 per share, for a total transaction of $181,250.00.
• On Wednesday, December 17th, James Labe purchased 27,900 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.19 per share, with a total value of $172,701.00.
• On Tuesday, December 16th, James Labe purchased 39,044 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.18 per share, for a total transaction of $241,291.92.
• On Monday, December 15th, James Labe acquired 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 acquired 19,919 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.64 per share, with a total value of $132,262.16.
• On Thursday, December 11th, James Labe bought 24,590 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.69 per share, with a total value of $164,507.10.
• On Wednesday, December 10th, James Labe purchased 27,200 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.78 per share, for a total transaction of $184,416.00.
• On Friday, December 5th, James Labe purchased 47,741 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.81 per share, with a total value of $325,116.21.
• On Thursday, December 4th, James Labe acquired 47,713 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.62 per share, with a total value of $315,860.06.
• On Wednesday, December 3rd, James Labe acquired 24,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.57 per share, for a total transaction of $157,680.00.

TriplePoint Venture Growth BDC Price Performance

Shares of NYSE:TPVG opened at $6.26 on Tuesday. The stock has a market cap of $252.70 million, a price-to-earnings ratio of 7.36 and a beta of 1.35. TriplePoint Venture Growth BDC Corp. has a 12 month low of $5.24 and a 12 month high of $8.20. The stock’s 50 day moving average price is $6.04 and its 200 day moving average price is $6.41.

TriplePoint Venture Growth BDC (NYSE:TPVG) last issued 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. On average, sell-side analysts expect that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current year.

TriplePoint Venture Growth BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 14.7%. The ex-dividend date of this dividend is Tuesday, December 16th. TriplePoint Venture Growth BDC’s payout ratio is presently 108.24%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TPVG. Piper Sandler reduced their price objective 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. Weiss Ratings reissued a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research note on Monday, December 15th. UBS Group reduced 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. Wall Street Zen raised TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. 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 analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $6.25.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TPVG. Quarry LP boosted its stake in TriplePoint Venture Growth BDC by 53.6% in the 1st quarter. Quarry LP now owns 4,669 shares of the investment management company’s stock worth $33,000 after purchasing an additional 1,629 shares during the period. PharVision Advisers LLC raised its stake 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 valued at $92,000 after purchasing an additional 1,789 shares during the period. Kovack Advisors Inc. lifted its holdings in shares of TriplePoint Venture Growth BDC by 4.4% in the third 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 boosted its position in shares of TriplePoint Venture Growth BDC by 6.4% in 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 during the period. Finally, Verition Fund Management LLC grew its holdings in shares of TriplePoint Venture Growth BDC by 14.1% during the third quarter. Verition Fund Management LLC now owns 22,677 shares of the investment management company’s stock valued at $131,000 after buying an additional 2,800 shares in the last quarter. 12.77% of the stock is owned by hedge funds and other institutional investors.

Key Stores Impacting TriplePoint Venture Growth BDC

Here are the key news stories impacting TriplePoint Venture Growth BDC this week:

• Positive Sentiment: CEO James Labe purchased 25,000 shares on Dec. 18 at $6.30 and 29,000 shares on Dec. 19 at $6.25, increasing his direct stake by about 1.62% then 1.85%. Total cash outlay across the two trades was ~$338,750. SEC filing: Read More.
• Positive Sentiment: Insider Sajal Srivastava made the same pair of purchases (25,000 on Dec. 18 at $6.30 and 29,000 on Dec. 19 at $6.25), similarly boosting his position by ~1.6–1.85% and spending ~$338,750. SEC filing: Read More.
• Positive Sentiment: Financial news outlets have picked up the insider activity, publishing summaries that may increase investor attention and trading volume. Insider Buying: TriplePoint Venture Growth BDC (NYSE:TPVG) CEO Acquires $172,701.00 in Stock Insider Buying: TriplePoint Venture Growth BDC (NYSE:TPVG) Insider Acquires $241,291.92 in 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.