TriplePoint Venture Growth BDC (NYSE:TPVG) CEO James Labe Purchases 26,117 Shares of Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CEO James Labe purchased 26,117 shares of the business’s stock in a transaction dated Tuesday, November 11th. The shares were bought at an average price of $5.76 per share, with a total value of $150,433.92. Following the purchase, the chief executive officer directly owned 617,352 shares of the company’s stock, valued at approximately $3,555,947.52. The trade was a 4.42% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, November 12th, James Labe bought 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $5.95 per share, for a total transaction of $297,500.00.
• On Wednesday, September 3rd, James Labe bought 48,800 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.77 per share, with a total value of $330,376.00.
• On Tuesday, September 2nd, James Labe purchased 54,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.72 per share, with a total value of $362,880.00.
• On Friday, August 29th, James Labe acquired 65,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.73 per share, for a total transaction of $437,450.00.
• On Thursday, August 28th, James Labe acquired 44,630 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.64 per share, with a total value of $296,343.20.
• On Wednesday, August 27th, James Labe acquired 53,160 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.63 per share, with a total value of $352,450.80.
• On Tuesday, August 26th, James Labe acquired 27,988 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.48 per share, for a total transaction of $181,362.24.
• On Monday, August 25th, James Labe bought 80,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.48 per share, with a total value of $518,400.00.
• On Friday, August 22nd, James Labe purchased 42,003 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.44 per share, for a total transaction of $270,499.32.
• On Thursday, August 21st, James Labe purchased 31,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.30 per share, with a total value of $195,300.00.

TriplePoint Venture Growth BDC Price Performance

NYSE TPVG traded up $0.01 during mid-day trading on Thursday, hitting $5.96. The company’s stock had a trading volume of 312,419 shares, compared to its average volume of 316,972. TriplePoint Venture Growth BDC Corp. has a 52-week low of $5.24 and a 52-week high of $8.50. The stock’s fifty day simple moving average is $5.86 and its two-hundred day simple moving average is $6.45. The firm has a market capitalization of $240.78 million, a P/E ratio of 7.01 and a beta of 1.47.

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

TriplePoint Venture Growth BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be issued a dividend of $0.23 per share. The ex-dividend date is Tuesday, December 16th. This represents a $0.92 annualized dividend and a yield of 15.4%. TriplePoint Venture Growth BDC’s payout ratio is currently 108.24%.

Hedge Funds Weigh In On TriplePoint Venture Growth BDC

Several large investors have recently made changes to their positions in TPVG. Kovack Advisors Inc. lifted its position in shares of TriplePoint Venture Growth BDC by 4.4% during the 3rd quarter. Kovack Advisors Inc. now owns 52,519 shares of the investment management company’s stock valued at $303,000 after acquiring an additional 2,200 shares during the last quarter. Meridian Wealth Management LLC purchased a new stake in TriplePoint Venture Growth BDC during the third quarter valued at about $173,000. Norden Group LLC boosted its holdings in shares of TriplePoint Venture Growth BDC by 22.4% in the third quarter. Norden Group LLC now owns 69,598 shares of the investment management company’s stock worth $402,000 after buying an additional 12,750 shares during the period. U.S. Capital Wealth Advisors LLC increased its position in shares of TriplePoint Venture Growth BDC by 6.4% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 42,980 shares of the investment management company’s stock worth $248,000 after acquiring an additional 2,600 shares in the last quarter. Finally, Osaic Holdings Inc. increased its position in shares of TriplePoint Venture Growth BDC by 75.6% in the second quarter. Osaic Holdings Inc. now owns 35,945 shares of the investment management company’s stock worth $252,000 after acquiring an additional 15,478 shares in the last quarter. Institutional investors own 12.77% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on TPVG. Zacks Research cut shares of TriplePoint Venture Growth BDC from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. Weiss Ratings cut shares of TriplePoint Venture Growth BDC from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, November 7th. UBS Group reduced their price objective on 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. Finally, 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. Four equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $6.25.

About TriplePoint Venture Growth BDC

TriplePoint Venture Growth BDC Corp. is a business development company specializing investments in venture capital-backed companies at the growth stage investments. It also provides debt financing to venture growth space companies which includes growth capital loans, secured and customized loans, equipment financings, revolving loans and direct equity investments.