TriplePoint Venture Growth BDC (NYSE:TPVG) CEO James Labe Purchases 29,000 Shares of Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CEO James Labe acquired 29,000 shares of the company’s stock in a transaction dated Friday, December 19th. The shares were bought at an average cost of $6.25 per share, with a total value of $181,250.00. Following the purchase, the chief executive officer owned 1,594,978 shares in the company, valued at approximately $9,968,612.50. The trade was a 1.85% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, December 18th, James Labe bought 25,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost 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 purchased 39,044 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.18 per share, for a total transaction of $241,291.92.
• On Monday, December 15th, James Labe purchased 30,000 shares of TriplePoint Venture Growth BDC stock. The stock was 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 shares were bought at an average cost of $6.64 per share, with a total value of $132,262.16.
• On Thursday, December 11th, James Labe acquired 24,590 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.69 per share, with a total value of $164,507.10.
• On Wednesday, December 10th, James Labe bought 27,200 shares of TriplePoint Venture Growth BDC stock. The stock was purchased 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 shares were purchased at an average cost of $6.81 per share, with a total value of $325,116.21.
• On Thursday, December 4th, James Labe purchased 47,713 shares of TriplePoint Venture Growth BDC stock. The shares were purchased 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 stock was purchased at an average price of $6.57 per share, for a total transaction of $157,680.00.

TriplePoint Venture Growth BDC Price Performance

NYSE TPVG opened at $6.26 on Tuesday. 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 capitalization of $252.70 million, a P/E ratio of 7.36 and a beta of 1.35. The business’s 50-day simple moving average is $6.04 and its 200-day simple moving average is $6.41.

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 analysts’ consensus estimates of $0.29 by ($0.03). The business had revenue of $22.66 million for the quarter, compared to analyst estimates of $24.22 million. TriplePoint Venture Growth BDC had a return on equity of 12.88% and a net margin of 36.02%. On average, equities research analysts expect that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current fiscal year.

TriplePoint Venture Growth BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 14.7%. The ex-dividend date of this dividend is Tuesday, December 16th. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is currently 108.24%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TPVG. Nomura Asset Management Co. Ltd. acquired a new stake in TriplePoint Venture Growth BDC during the 2nd quarter valued at approximately $26,000. Quarry LP grew its position in shares of TriplePoint Venture Growth BDC by 53.6% during the first quarter. Quarry LP now owns 4,669 shares of the investment management company’s stock worth $33,000 after buying an additional 1,629 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of TriplePoint Venture Growth BDC in the second quarter worth $35,000. Advisory Services Network LLC bought a new stake in shares of TriplePoint Venture Growth BDC in the third quarter worth $33,000. Finally, HighTower Advisors LLC acquired a new stake in TriplePoint Venture Growth BDC in the first quarter valued at $72,000. Hedge funds and other institutional investors own 12.77% of the company’s stock.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on TPVG. UBS Group lowered their price target on 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. Weiss Ratings reiterated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research note on Monday, December 15th. Zacks Research upgraded TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Wall Street Zen raised TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Finally, Piper Sandler lowered 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. Five equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price 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.