James Labe Buys 50,000 Shares of TriplePoint Venture Growth BDC (NYSE:TPVG) Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CEO James Labe acquired 50,000 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was purchased at an average price of $6.31 per share, with a total value of $315,500.00. Following the completion of the transaction, the chief executive officer directly owned 1,018,898 shares of the company’s stock, valued at $6,429,246.38. This trade represents a 5.16% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, November 21st, James Labe bought 39,760 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.30 per share, for a total transaction of $250,488.00.
• On Thursday, November 20th, James Labe purchased 42,999 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.28 per share, with a total value of $270,033.72.
• On Wednesday, November 19th, James Labe purchased 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.19 per share, with a total value of $309,500.00.
• On Tuesday, November 18th, James Labe acquired 27,439 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.06 per share, for a total transaction of $166,280.34.
• On Monday, November 17th, James Labe acquired 44,648 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.06 per share, with a total value of $270,566.88.
• On Friday, November 14th, James Labe bought 46,700 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $5.99 per share, with a total value of $279,733.00.
• On Wednesday, November 12th, James Labe purchased 50,000 shares of TriplePoint Venture Growth BDC stock. The stock was 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 acquired at an average price of $5.76 per share, with a total value of $150,433.92.
• On Wednesday, September 3rd, James Labe acquired 48,800 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.77 per share, with a total value of $330,376.00.
• On Tuesday, September 2nd, James Labe bought 54,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.72 per share, for a total transaction of $362,880.00.

TriplePoint Venture Growth BDC Stock Performance

TriplePoint Venture Growth BDC stock traded down $0.02 during mid-day trading on Tuesday, hitting $6.28. 60,279 shares of the company traded hands, compared to its average volume of 321,827. TriplePoint Venture Growth BDC Corp. has a one year low of $5.24 and a one year high of $8.50. The stock has a market cap of $253.51 million, a price-to-earnings ratio of 7.38 and a beta of 1.47. The stock has a fifty day moving average price of $5.77 and a 200-day moving average price of $6.45.

TriplePoint Venture Growth BDC (NYSE:TPVG) last posted its quarterly earnings data 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 net margin of 36.02% and a return on equity of 12.88%. The company had revenue of $22.66 million for the quarter, compared to analysts’ expectations of $24.22 million. Sell-side analysts predict that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current year.

TriplePoint Venture Growth BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be paid 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 yield of 14.7%. TriplePoint Venture Growth BDC’s payout ratio is 108.24%.

Institutional Trading of TriplePoint Venture Growth BDC

Several hedge funds and other institutional investors have recently bought and sold shares of TPVG. Two Sigma Investments LP boosted its stake in shares of TriplePoint Venture Growth BDC by 58.6% during 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 raised its holdings in TriplePoint Venture Growth BDC by 44.9% during the 2nd quarter. Marshall Wace LLP now owns 529,201 shares of the investment management company’s stock valued at $3,710,000 after buying an additional 163,916 shares during the last quarter. Legal & General Group Plc boosted its position 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 buying an additional 11,965 shares during the period. Townsquare Capital LLC grew its holdings in TriplePoint Venture Growth BDC by 20.6% in 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 during the last quarter. Finally, Samalin Investment Counsel LLC grew its holdings in TriplePoint Venture Growth BDC by 13.1% in the 2nd quarter. Samalin Investment Counsel LLC now owns 92,636 shares of the investment management company’s stock worth $649,000 after acquiring an additional 10,730 shares during the last quarter. Institutional investors own 12.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TPVG. UBS Group reduced their price objective 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. Zacks Research lowered TriplePoint Venture Growth BDC from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research report on Wednesday, November 19th. Piper Sandler lowered 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 report on Thursday, October 9th. Finally, Wall Street Zen cut shares of TriplePoint Venture Growth BDC from a “hold” rating to a “sell” rating in a research note on Saturday. Four investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target 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.