TriplePoint Venture Growth BDC (NYSE:TPVG) CEO Acquires $158,501.34 in Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CEO James Labe bought 23,799 shares of the business’s stock in a transaction on Monday, January 12th. The shares were acquired at an average cost of $6.66 per share, with a total value of $158,501.34. Following the purchase, the chief executive officer owned 1,998,489 shares of the company’s stock, valued at $13,309,936.74. The trade was a 1.21% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

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

TriplePoint Venture Growth BDC Stock Up 0.3%

NYSE TPVG traded up $0.02 on Tuesday, reaching $6.58. The stock had a trading volume of 77,442 shares, compared to its average volume of 342,119. The stock has a fifty day moving average price of $6.30 and a two-hundred day moving average price of $6.35. 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 $265.83 million, a price-to-earnings ratio of 7.74 and a beta of 1.35.

TriplePoint Venture Growth BDC (NYSE:TPVG) last released its quarterly 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). TriplePoint Venture Growth BDC had a return on equity of 12.88% and a net margin of 36.02%.The firm had revenue of $22.66 million for the quarter, compared to analysts’ expectations of $24.22 million. Sell-side analysts forecast that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Kovack Advisors Inc. increased its holdings in shares of TriplePoint Venture Growth BDC by 4.4% in the third quarter. Kovack Advisors Inc. now owns 52,519 shares of the investment management company’s stock valued at $303,000 after purchasing an additional 2,200 shares during the period. U.S. Capital Wealth Advisors LLC grew its position in TriplePoint Venture Growth BDC by 6.4% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 42,980 shares of the investment management company’s stock valued at $248,000 after buying an additional 2,600 shares during the last quarter. Verition Fund Management LLC increased its stake in TriplePoint Venture Growth BDC by 14.1% in the 3rd quarter. Verition Fund Management LLC now owns 22,677 shares of the investment management company’s stock valued at $131,000 after buying an additional 2,800 shares during the period. Nomura Asset Management Co. Ltd. purchased a new position in TriplePoint Venture Growth BDC during the 2nd quarter worth $26,000. Finally, Jane Street Group LLC raised its position in TriplePoint Venture Growth BDC by 7.3% during the 2nd 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. Hedge funds and other institutional investors own 12.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. UBS Group cut their price target on shares of TriplePoint Venture Growth BDC from $6.50 to $5.50 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. 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 report on Thursday, October 9th. Zacks Research raised shares of TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Wall Street Zen raised shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research note on Monday, December 29th. Five equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, TriplePoint Venture Growth BDC has a consensus rating of “Reduce” and a consensus price target 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.