James Labe Acquires 27,900 Shares of TriplePoint Venture Growth BDC (NYSE:TPVG) Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CEO James Labe purchased 27,900 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were acquired at an average price of $6.19 per share, for a total transaction of $172,701.00. Following the purchase, the chief executive officer directly owned 1,540,978 shares of the company’s stock, valued at approximately $9,538,653.82. This represents a 1.84% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, December 16th, James Labe bought 39,044 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.18 per share, with a total value of $241,291.92.
• On Monday, December 15th, James Labe purchased 30,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.46 per share, for a total transaction of $193,800.00.
• On Friday, December 12th, James Labe bought 19,919 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.64 per share, for a total transaction of $132,262.16.
• On Thursday, December 11th, James Labe acquired 24,590 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.69 per share, for a total transaction of $164,507.10.
• On Wednesday, December 10th, James Labe purchased 27,200 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.78 per share, with a total value of $184,416.00.
• On Friday, December 5th, James Labe acquired 47,741 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.81 per share, with a total value of $325,116.21.
• On Thursday, December 4th, James Labe purchased 47,713 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.62 per share, with a total value of $315,860.06.
• On Wednesday, December 3rd, James Labe bought 24,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.57 per share, with a total value of $157,680.00.
• On Monday, December 1st, James Labe bought 50,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.40 per share, for a total transaction of $320,000.00.
• On Monday, November 24th, James Labe purchased 50,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.31 per share, for a total transaction of $315,500.00.

TriplePoint Venture Growth BDC Price Performance

Shares of NYSE TPVG traded up $0.12 during midday trading on Thursday, reaching $6.30. 417,186 shares of the stock were exchanged, compared to its average volume of 331,880. TriplePoint Venture Growth BDC Corp. has a 12 month low of $5.24 and a 12 month high of $8.20. The company has a market capitalization of $254.52 million, a price-to-earnings ratio of 7.41 and a beta of 1.35. The business has a 50-day simple moving average of $5.98 and a two-hundred day simple moving average of $6.43.

TriplePoint Venture Growth BDC (NYSE:TPVG) last posted its earnings results on Wednesday, November 5th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $22.66 million for the quarter, compared to the consensus estimate of $24.22 million. Equities research analysts expect that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current fiscal year.

TriplePoint Venture Growth BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 14.6%. The ex-dividend date is Tuesday, December 16th. TriplePoint Venture Growth BDC’s payout ratio is presently 108.24%.

Wall Street Analysts Forecast Growth

TPVG has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research report on Monday. Wall Street Zen upgraded TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Zacks Research raised shares of TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. UBS Group decreased 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 report on Tuesday, October 14th. Finally, Piper Sandler cut their target price 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. Five analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, TriplePoint Venture Growth BDC has an average rating of “Reduce” and a consensus target price of $6.25.

Institutional Investors Weigh In On TriplePoint Venture Growth BDC

A number of institutional investors have recently made changes to their positions in TPVG. HighTower Advisors LLC bought a new position in shares of TriplePoint Venture Growth BDC in the 1st quarter worth about $72,000. Samalin Investment Counsel LLC grew its holdings in shares of TriplePoint Venture Growth BDC by 16.1% during the first quarter. Samalin Investment Counsel LLC now owns 81,906 shares of the investment management company’s stock valued at $572,000 after buying an additional 11,364 shares during the last quarter. Quarry LP grew its holdings in TriplePoint Venture Growth BDC by 53.6% during the first 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. PharVision Advisers LLC increased its stake in TriplePoint Venture Growth BDC by 15.7% in the 1st quarter. PharVision Advisers LLC now owns 13,193 shares of the investment management company’s stock valued at $92,000 after buying an additional 1,789 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in TriplePoint Venture Growth BDC by 28.1% during the first quarter. Jane Street Group LLC now owns 67,693 shares of the investment management company’s stock worth $472,000 after acquiring an additional 14,865 shares during the period. Institutional investors own 12.77% of the company’s stock.

TriplePoint Venture Growth BDC Company Profile

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.