Insider Buying: TriplePoint Venture Growth BDC (NYSE:TPVG) CEO Buys 27,153 Shares of Stock

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

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

• On Wednesday, December 31st, James Labe purchased 30,459 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.55 per share, for a total transaction of $199,506.45.
• On Tuesday, December 30th, James Labe acquired 25,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price 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 shares were purchased at an average price of $6.34 per share, for a total transaction of $173,779.40.
• On Friday, December 26th, James Labe bought 31,600 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 $199,080.00.
• On Wednesday, December 24th, James Labe bought 26,756 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 $168,562.80.
• On Tuesday, December 23rd, James Labe purchased 31,910 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.29 per share, with a total value of $200,713.90.
• On Monday, December 22nd, James Labe acquired 26,900 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.29 per share, for a total transaction of $169,201.00.
• On Friday, December 19th, James Labe acquired 29,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.25 per share, with a total value of $181,250.00.
• On Thursday, December 18th, James Labe bought 25,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.30 per share, for a total transaction of $157,500.00.
• On Wednesday, December 17th, James Labe purchased 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 Performance

NYSE:TPVG traded up $0.03 during mid-day trading on Monday, reaching $6.67. The stock had a trading volume of 483,619 shares, compared to its average volume of 429,243. TriplePoint Venture Growth BDC Corp. has a twelve month low of $5.24 and a twelve month high of $8.20. The business has a 50 day simple moving average of $6.20 and a 200 day simple moving average of $6.36. The firm has a market capitalization of $269.27 million, a price-to-earnings ratio of 7.84 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 for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). TriplePoint Venture Growth BDC had a return on equity of 12.88% and a net margin of 36.02%.The business had revenue of $22.66 million for the quarter, compared to analyst estimates of $24.22 million. As a group, sell-side analysts expect that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share 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 issued a $0.23 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 13.8%. TriplePoint Venture Growth BDC’s dividend payout ratio is currently 108.24%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wall Street Zen upgraded shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Zacks Research raised TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research note on Monday, December 29th. Piper Sandler decreased 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. Finally, UBS Group cut their price objective on shares of TriplePoint Venture Growth BDC from $6.50 to $5.50 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Five analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $6.25.

Institutional Investors Weigh In On TriplePoint Venture Growth BDC

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