James Labe Acquires 30,877 Shares of TriplePoint Venture Growth BDC (NYSE:TPVG) Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CEO James Labe acquired 30,877 shares of TriplePoint Venture Growth BDC stock in a transaction dated Wednesday, January 7th. The stock was purchased at an average price of $6.43 per share, for a total transaction of $198,539.11. Following the completion of the acquisition, the chief executive officer directly owned 1,941,857 shares in the company, valued at approximately $12,486,140.51. This represents a 1.62% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, January 8th, James Labe bought 16,833 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.61 per share, with a total value of $111,266.13.
• On Tuesday, January 6th, James Labe purchased 34,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.61 per share, for a total transaction of $224,740.00.
• On Monday, January 5th, James Labe acquired 40,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.70 per share, with a total value of $268,000.00.
• On Friday, January 2nd, James Labe acquired 27,153 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.60 per share, for a total transaction of $179,209.80.
• On Wednesday, December 31st, James Labe bought 30,459 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.55 per share, for a total transaction of $199,506.45.
• On Tuesday, December 30th, James Labe purchased 25,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price 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 shares were bought at an average cost of $6.34 per share, for a total transaction 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, 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 stock was bought at an average price 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 bought at an average cost of $6.29 per share, for a total transaction of $200,713.90.

TriplePoint Venture Growth BDC Price Performance

Shares of NYSE:TPVG opened at $6.62 on Friday. TriplePoint Venture Growth BDC Corp. has a 12 month low of $5.24 and a 12 month high of $8.20. The firm has a market capitalization of $267.25 million, a P/E ratio of 7.78 and a beta of 1.35. The company’s fifty day moving average price is $6.28 and its 200 day moving average price is $6.36.

TriplePoint Venture Growth BDC (NYSE:TPVG) last released its quarterly earnings data 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 company had revenue of $22.66 million during the quarter, compared to analyst estimates of $24.22 million. On average, sell-side analysts anticipate that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current year.

TriplePoint Venture Growth BDC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 13.9%. The ex-dividend date was Tuesday, December 16th. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is currently 108.24%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research note on Monday, December 29th. Piper Sandler reduced their price target 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. Wall Street Zen upgraded shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. UBS Group lowered their price objective 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, Zacks Research upgraded shares of TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Five investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $6.25.

Institutional Trading of TriplePoint Venture Growth BDC

Several hedge funds and other institutional investors have recently made changes to their positions in TPVG. Jane Street Group LLC raised its holdings in TriplePoint Venture Growth BDC by 28.1% during the first quarter. Jane Street Group LLC now owns 67,693 shares of the investment management company’s stock worth $472,000 after purchasing an additional 14,865 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its holdings in TriplePoint Venture Growth BDC by 23.2% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 40,380 shares of the investment management company’s stock valued at $283,000 after purchasing an additional 7,600 shares in the last quarter. Norden Group LLC increased its position in TriplePoint Venture Growth BDC by 36.4% during the 2nd quarter. Norden Group LLC now owns 56,848 shares of the investment management company’s stock worth $399,000 after purchasing an additional 15,160 shares during the period. Kovack Advisors Inc. raised its stake in shares of TriplePoint Venture Growth BDC by 10.5% during the 2nd quarter. Kovack Advisors Inc. now owns 50,319 shares of the investment management company’s stock worth $353,000 after buying an additional 4,800 shares in the last quarter. Finally, Ethos Financial Group LLC raised its stake in shares of TriplePoint Venture Growth BDC by 84.9% during the 2nd quarter. Ethos Financial Group LLC now owns 46,627 shares of the investment management company’s stock worth $327,000 after buying an additional 21,411 shares in the last quarter. Hedge funds and other institutional investors own 12.77% of the company’s stock.

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.