TriplePoint Venture Growth BDC (NYSE:TPVG) CEO James Labe Purchases 30,459 Shares

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CEO James Labe purchased 30,459 shares of the company’s stock in a transaction on Wednesday, December 31st. The stock was bought at an average cost of $6.55 per share, for a total transaction of $199,506.45. Following the acquisition, the chief executive officer directly owned 1,809,827 shares of the company’s stock, valued at $11,854,366.85. This represents a 1.71% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Friday, January 2nd, James Labe acquired 27,153 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.60 per share, with a total value of $179,209.80.
• On Tuesday, December 30th, James Labe bought 25,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.45 per share, with a total value of $161,250.00.
• On Monday, December 29th, James Labe purchased 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 shares were bought at an average price of $6.30 per share, for a total transaction of $199,080.00.
• On Wednesday, December 24th, James Labe acquired 26,756 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.30 per share, with a total value of $168,562.80.
• On Tuesday, December 23rd, James Labe bought 31,910 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.29 per share, with a total value of $200,713.90.
• On Monday, December 22nd, James Labe bought 26,900 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.29 per share, for a total transaction of $169,201.00.
• On Friday, December 19th, James Labe purchased 29,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price 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 stock was purchased at an average cost of $6.30 per share, with a total value of $157,500.00.
• On Wednesday, December 17th, James Labe acquired 27,900 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.19 per share, for a total transaction of $172,701.00.

TriplePoint Venture Growth BDC Stock Up 0.4%

Shares of NYSE:TPVG opened at $6.67 on Tuesday. The company’s fifty day moving average is $6.20 and its two-hundred day moving average is $6.36. The company 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 12-month low of $5.24 and a 12-month high of $8.20.

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 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 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%. Equities research analysts anticipate that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current year.

TriplePoint Venture Growth BDC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 13.8%. The ex-dividend date of this dividend was Tuesday, December 16th. TriplePoint Venture Growth BDC’s dividend payout ratio is 108.24%.

Institutional Trading of TriplePoint Venture Growth BDC

Institutional investors and hedge funds have recently modified their holdings of the company. Two Sigma Investments LP boosted its stake in TriplePoint Venture Growth BDC by 58.6% during the 3rd quarter. Two Sigma Investments LP now owns 612,727 shares of the investment management company’s stock valued at $3,535,000 after purchasing an additional 226,479 shares during the period. Marshall Wace LLP lifted its stake in TriplePoint Venture Growth BDC by 44.9% during the second quarter. Marshall Wace LLP now owns 529,201 shares of the investment management company’s stock worth $3,710,000 after purchasing an additional 163,916 shares during the period. Legal & General Group Plc boosted its stake in TriplePoint Venture Growth BDC by 4.5% in the 2nd quarter. Legal & General Group Plc now owns 276,451 shares of the investment management company’s stock valued at $1,935,000 after buying an additional 11,965 shares in the last quarter. Samalin Investment Counsel LLC boosted its stake in shares of TriplePoint Venture Growth BDC by 13.1% in the 2nd quarter. Samalin Investment Counsel LLC now owns 92,636 shares of the investment management company’s stock valued at $649,000 after purchasing an additional 10,730 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in TriplePoint Venture Growth BDC by 7.3% during the second quarter. Jane Street Group LLC now owns 72,663 shares of the investment management company’s stock worth $509,000 after buying an additional 4,970 shares during the last quarter. 12.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. 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 target on shares of TriplePoint Venture Growth BDC from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, October 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a report on Monday, December 29th. Wall Street Zen upgraded TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Finally, UBS Group dropped their target price on 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. Five investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus 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.