TriplePoint Venture Growth BDC (NYSE:TPVG) CEO Buys $279,733.00 in Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CEO James Labe bought 46,700 shares of the stock in a transaction on Friday, November 14th. The stock was purchased at an average price of $5.99 per share, with a total value of $279,733.00. Following the completion of the purchase, the chief executive officer owned 764,052 shares of the company’s stock, valued at $4,576,671.48. This represents a 6.51% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Tuesday, November 18th, James Labe acquired 27,439 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.06 per share, with a total value of $166,280.34.
• On Monday, November 17th, James Labe acquired 44,648 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.06 per share, with a total value of $270,566.88.
• 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 Tuesday, November 11th, James Labe bought 26,117 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $5.76 per share, for a total transaction of $150,433.92.
• On Wednesday, September 3rd, James Labe purchased 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 acquired at an average price of $6.72 per share, for a total transaction of $362,880.00.
• On Friday, August 29th, James Labe acquired 65,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought 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 stock was bought at an average cost of $6.64 per share, with a total value of $296,343.20.
• On Wednesday, August 27th, James Labe bought 53,160 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.63 per share, for a total transaction of $352,450.80.
• On Tuesday, August 26th, James Labe purchased 27,988 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.48 per share, for a total transaction of $181,362.24.

TriplePoint Venture Growth BDC Trading Up 1.6%

NYSE TPVG opened at $6.15 on Thursday. TriplePoint Venture Growth BDC Corp. has a 12-month low of $5.24 and a 12-month high of $8.50. The company has a fifty day simple moving average of $5.79 and a two-hundred day simple moving average of $6.44. The stock has a market cap of $248.26 million, a P/E ratio of 7.23 and a beta of 1.47.

TriplePoint Venture Growth BDC (NYSE:TPVG) last released its 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 firm 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%. As a group, sell-side analysts forecast 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 15.0%. TriplePoint Venture Growth BDC’s dividend payout ratio is currently 108.24%.

Institutional Investors Weigh In On TriplePoint Venture Growth BDC

A number of hedge funds and other institutional investors have recently made changes to their positions in TPVG. Private Advisor Group LLC acquired a new position in shares of TriplePoint Venture Growth BDC in the 1st quarter valued at $72,000. Y Intercept Hong Kong Ltd purchased a new position in TriplePoint Venture Growth BDC in the first quarter valued at $109,000. Norden Group LLC raised its position in shares of TriplePoint Venture Growth BDC by 60.4% in the first quarter. Norden Group LLC now owns 41,688 shares of the investment management company’s stock worth $291,000 after acquiring an additional 15,690 shares during the period. Townsquare Capital LLC boosted its stake in shares of TriplePoint Venture Growth BDC by 20.6% during the 1st quarter. Townsquare Capital LLC now owns 102,318 shares of the investment management company’s stock worth $714,000 after acquiring an additional 17,445 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new stake in shares of TriplePoint Venture Growth BDC during the 1st quarter valued at about $72,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TPVG shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a report on Thursday, November 13th. Zacks Research lowered shares of TriplePoint Venture Growth BDC from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. Piper Sandler decreased 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 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 on the stock in a research note on Tuesday, October 14th. Four research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, TriplePoint Venture Growth BDC has an average rating of “Reduce” and a consensus 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.