TriplePoint Venture Growth BDC (NYSE:TPVG) CEO James Labe Buys 27,153 Shares

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CEO James Labe acquired 27,153 shares of the stock in a transaction on Friday, January 2nd. The shares were purchased at an average price of $6.60 per share, for a total transaction of $179,209.80. Following the transaction, the chief executive officer directly owned 1,836,980 shares in the company, valued at approximately $12,124,068. This trade represents a 1.50% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Wednesday, December 31st, James Labe bought 30,459 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.55 per share, with a total value 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 cost of $6.45 per share, for a total transaction of $161,250.00.
• On Monday, December 29th, James Labe acquired 27,410 shares of TriplePoint Venture Growth BDC stock. The stock was acquired 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 acquired at an average cost of $6.30 per share, with a total value of $199,080.00.
• On Wednesday, December 24th, James Labe bought 26,756 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.30 per share, for a total transaction of $168,562.80.
• 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, with a total value of $200,713.90.
• On Monday, December 22nd, James Labe purchased 26,900 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.29 per share, with a total value of $169,201.00.
• On Friday, December 19th, James Labe purchased 29,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.25 per share, for a total transaction of $181,250.00.
• On Thursday, December 18th, James Labe acquired 25,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought 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 shares were bought at an average price of $6.19 per share, with a total value of $172,701.00.

TriplePoint Venture Growth BDC Stock Performance

TPVG opened at $6.67 on Tuesday. The firm has a market cap of $269.27 million, a P/E ratio of 7.84 and a beta of 1.35. TriplePoint Venture Growth BDC Corp. has a 52-week low of $5.24 and a 52-week high of $8.20. The business’s fifty day moving average is $6.20 and its 200-day moving average is $6.36.

TriplePoint Venture Growth BDC (NYSE:TPVG) last issued its earnings results 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 firm had revenue of $22.66 million during the quarter, compared to analyst estimates 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, research analysts predict that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current fiscal year.

TriplePoint Venture Growth BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 13.8%. The ex-dividend date was Tuesday, December 16th. TriplePoint Venture Growth BDC’s dividend payout ratio is currently 108.24%.

Hedge Funds Weigh In On TriplePoint Venture Growth BDC

A number of hedge funds have recently modified their holdings of the business. Advisory Services Network LLC acquired a new position in shares of TriplePoint Venture Growth BDC in the 3rd quarter worth approximately $33,000. CANADA LIFE ASSURANCE Co lifted its holdings in TriplePoint Venture Growth BDC by 35.5% in the third quarter. CANADA LIFE ASSURANCE Co now owns 51,515 shares of the investment management company’s stock valued at $296,000 after buying an additional 13,490 shares during the period. Verition Fund Management LLC boosted its position in 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 acquiring an additional 2,800 shares during the last quarter. Millennium Management LLC bought a new stake in TriplePoint Venture Growth BDC during the third quarter valued at $134,000. Finally, Brevan Howard Capital Management LP acquired a new stake in TriplePoint Venture Growth BDC during the 3rd quarter worth about $165,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Wall Street Zen raised 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 research report on Monday, December 8th. Piper Sandler dropped 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 note on Thursday, October 9th. UBS Group cut their target price on shares of TriplePoint Venture Growth BDC from $6.50 to $5.50 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a report on Monday, December 29th. 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, the company 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.