TriplePoint Venture Growth BDC (NYSE:TPVG) CEO James Labe Purchases 44,648 Shares of Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CEO James Labe acquired 44,648 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were bought at an average price of $6.06 per share, for a total transaction of $270,566.88. Following the acquisition, the chief executive officer directly owned 808,700 shares of the company’s stock, valued at approximately $4,900,722. This trade represents a 5.84% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Tuesday, November 18th, James Labe bought 27,439 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.06 per share, with a total value of $166,280.34.
• On Friday, November 14th, James Labe purchased 46,700 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $5.99 per share, for a total transaction of $279,733.00.
• On Wednesday, November 12th, James Labe acquired 50,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $5.95 per share, with a total value of $297,500.00.
• On Tuesday, November 11th, James Labe bought 26,117 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $5.76 per share, for a total transaction of $150,433.92.
• On Wednesday, September 3rd, James Labe bought 48,800 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.77 per share, for a total transaction 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, with a total value of $362,880.00.
• On Friday, August 29th, James Labe bought 65,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.73 per share, with a total value of $437,450.00.
• On Thursday, August 28th, James Labe purchased 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 stock was bought at an average cost of $6.63 per share, with a total value 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, with a total value of $181,362.24.

TriplePoint Venture Growth BDC Price Performance

TPVG opened at $6.22 on Thursday. TriplePoint Venture Growth BDC Corp. has a 1 year low of $5.24 and a 1 year high of $8.50. The company has a market capitalization of $251.17 million, a price-to-earnings ratio of 7.31 and a beta of 1.47. The firm’s fifty day moving average price is $5.79 and its two-hundred day moving average price is $6.44.

TriplePoint Venture Growth BDC (NYSE:TPVG) last released its quarterly earnings results on Wednesday, November 5th. The investment management company reported $0.26 earnings per share 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. As a group, equities analysts anticipate that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current year.

TriplePoint Venture Growth BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $0.92 annualized dividend and a dividend yield of 14.8%. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is currently 108.24%.

Hedge Funds Weigh In On TriplePoint Venture Growth BDC

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. purchased a new position in shares of TriplePoint Venture Growth BDC during the second quarter worth about $26,000. Quarry LP grew its stake in TriplePoint Venture Growth BDC by 53.6% in the 1st quarter. Quarry LP now owns 4,669 shares of the investment management company’s stock worth $33,000 after buying an additional 1,629 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of TriplePoint Venture Growth BDC in the 3rd quarter worth $33,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of TriplePoint Venture Growth BDC during the 2nd quarter valued at $35,000. Finally, Private Advisor Group LLC bought a new stake in shares of TriplePoint Venture Growth BDC during the 1st quarter worth $72,000. 12.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. UBS Group decreased 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 report on Tuesday, October 14th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a report on Thursday, November 13th. Piper Sandler reduced their price objective on 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. Finally, Zacks Research lowered TriplePoint Venture Growth BDC from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Four research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, TriplePoint Venture Growth BDC presently 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.