Insider Buying: TriplePoint Venture Growth BDC (NYSE:TPVG) CEO Buys 50,000 Shares of Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CEO James Labe acquired 50,000 shares of the stock in a transaction that occurred on Wednesday, November 19th. The stock was purchased at an average price of $6.19 per share, for a total transaction of $309,500.00. Following the completion of the transaction, the chief executive officer owned 886,139 shares in the company, valued at $5,485,200.41. The trade was a 5.98% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Thursday, November 20th, James Labe purchased 42,999 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.28 per share, for a total transaction of $270,033.72.
• On Tuesday, November 18th, James Labe purchased 27,439 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost 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 purchased at an average price of $6.06 per share, with a total value of $270,566.88.
• On Friday, November 14th, James Labe acquired 46,700 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost 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 shares were acquired at an average cost of $5.95 per share, for a total transaction of $297,500.00.
• On Tuesday, November 11th, James Labe purchased 26,117 shares of TriplePoint Venture Growth BDC stock. The shares were bought 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 bought 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 purchased at an average cost 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 purchased at an average cost of $6.73 per share, with a total value of $437,450.00.
• On Thursday, August 28th, James Labe bought 44,630 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.64 per share, for a total transaction of $296,343.20.

TriplePoint Venture Growth BDC Price Performance

TriplePoint Venture Growth BDC stock traded up $0.06 during trading hours on Friday, hitting $6.31. The stock had a trading volume of 450,156 shares, compared to its average volume of 321,312. TriplePoint Venture Growth BDC Corp. has a 1-year low of $5.24 and a 1-year high of $8.50. The stock has a market capitalization of $254.72 million, a price-to-earnings ratio of 7.42 and a beta of 1.47. The stock’s fifty day moving average is $5.78 and its two-hundred day moving average 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 (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 analyst estimates of $24.22 million. As a group, sell-side analysts anticipate that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current year.

TriplePoint Venture Growth BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be given 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 14.6%. TriplePoint Venture Growth BDC’s payout ratio is currently 108.24%.

Institutional Trading of TriplePoint Venture Growth BDC

A number of hedge funds have recently made changes to their positions in the company. Two Sigma Investments LP boosted its stake in shares of TriplePoint Venture Growth BDC by 58.6% in the third quarter. Two Sigma Investments LP now owns 612,727 shares of the investment management company’s stock valued at $3,535,000 after purchasing an additional 226,479 shares during the period. Marshall Wace LLP boosted its holdings in TriplePoint Venture Growth BDC by 44.9% in the second quarter. Marshall Wace LLP now owns 529,201 shares of the investment management company’s stock valued at $3,710,000 after purchasing an additional 163,916 shares during the last quarter. Legal & General Group Plc grew its stake in TriplePoint Venture Growth BDC by 4.5% during the 2nd quarter. Legal & General Group Plc now owns 276,451 shares of the investment management company’s stock valued at $1,935,000 after purchasing an additional 11,965 shares in the last quarter. Townsquare Capital LLC grew its stake in 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 valued at $714,000 after purchasing an additional 17,445 shares in the last quarter. Finally, Samalin Investment Counsel LLC increased its holdings in TriplePoint Venture Growth BDC by 13.1% during the 2nd quarter. Samalin Investment Counsel LLC now owns 92,636 shares of the investment management company’s stock worth $649,000 after purchasing an additional 10,730 shares during the last quarter. Hedge funds and other institutional investors own 12.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TPVG shares. UBS Group reduced their target price on TriplePoint Venture Growth BDC from $6.50 to $5.50 and set a “neutral” rating on the stock in a research report 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 research note on Thursday, October 9th. 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. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research report on Wednesday. Four analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus 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.