James Labe Purchases 23,799 Shares of TriplePoint Venture Growth BDC (NYSE:TPVG) Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CEO James Labe purchased 23,799 shares of TriplePoint Venture Growth BDC stock in a transaction on Monday, January 12th. The stock was bought at an average price of $6.66 per share, for a total transaction of $158,501.34. Following the transaction, the chief executive officer directly owned 1,998,489 shares in the company, valued at approximately $13,309,936.74. The trade was a 1.21% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, January 9th, James Labe acquired 16,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.56 per share, with a total value of $104,960.00.
• On Thursday, January 8th, James Labe acquired 16,833 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.61 per share, for a total transaction of $111,266.13.
• On Wednesday, January 7th, James Labe bought 30,877 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.43 per share, for a total transaction of $198,539.11.
• On Tuesday, January 6th, James Labe purchased 34,000 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 $224,740.00.
• On Monday, January 5th, James Labe purchased 40,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.70 per share, for a total transaction of $268,000.00.
• On Friday, January 2nd, James Labe acquired 27,153 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.60 per share, for a total transaction of $179,209.80.
• On Wednesday, December 31st, James Labe acquired 30,459 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.55 per share, with a total value of $199,506.45.
• On Tuesday, December 30th, James Labe bought 25,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.45 per share, with a total value of $161,250.00.
• On Monday, December 29th, James Labe bought 27,410 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.34 per share, for a total transaction of $173,779.40.
• On Friday, December 26th, James Labe purchased 31,600 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.30 per share, for a total transaction of $199,080.00.

TriplePoint Venture Growth BDC Trading Up 0.3%

Shares of TriplePoint Venture Growth BDC stock opened at $6.65 on Thursday. The business has a 50-day moving average price of $6.35 and a two-hundred day moving average price of $6.35. TriplePoint Venture Growth BDC Corp. has a 1-year low of $5.24 and a 1-year high of $8.20. The company has a market cap of $268.66 million, a P/E ratio of 7.82 and a beta of 1.35.

TriplePoint Venture Growth BDC (NYSE:TPVG) last announced its quarterly earnings data 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). TriplePoint Venture Growth BDC had a net margin of 36.02% and a return on equity of 12.88%. The business had revenue of $22.66 million during the quarter, compared to analyst estimates of $24.22 million. Equities research analysts forecast that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current fiscal year.

Analysts Set New Price Targets

TPVG has been the subject of several recent analyst reports. Weiss Ratings raised shares of TriplePoint Venture Growth BDC from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. 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 report on Thursday, October 9th. Wall Street Zen raised shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. UBS Group cut 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 TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Six analysts have rated the stock with a Hold rating and one has 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.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Norden Group LLC lifted its position in TriplePoint Venture Growth BDC by 36.4% in the 2nd quarter. Norden Group LLC now owns 56,848 shares of the investment management company’s stock valued at $399,000 after acquiring an additional 15,160 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in shares of TriplePoint Venture Growth BDC by 23.2% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 40,380 shares of the investment management company’s stock worth $283,000 after purchasing an additional 7,600 shares during the last quarter. Samalin Investment Counsel LLC lifted its holdings in shares of TriplePoint Venture Growth BDC by 13.1% in the second 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. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of TriplePoint Venture Growth BDC during the second quarter valued at approximately $131,000. Finally, Ethos Financial Group LLC grew its holdings in TriplePoint Venture Growth BDC by 84.9% during the second 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. 12.77% of the stock is owned by institutional investors.

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.