TriplePoint Venture Growth BDC (NYSE:TPVG) CEO Buys $193,800.00 in Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CEO James Labe acquired 30,000 shares of the stock in a transaction on Monday, December 15th. The shares were acquired at an average price of $6.46 per share, with a total value of $193,800.00. Following the purchase, the chief executive officer owned 1,474,034 shares in the company, valued at $9,522,259.64. This represents a 2.08% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, December 17th, James Labe bought 27,900 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.19 per share, with a total value of $172,701.00.
• On Tuesday, December 16th, James Labe purchased 39,044 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.18 per share, with a total value of $241,291.92.
• On Friday, December 12th, James Labe purchased 19,919 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.64 per share, for a total transaction of $132,262.16.
• On Thursday, December 11th, James Labe bought 24,590 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.69 per share, for a total transaction of $164,507.10.
• On Wednesday, December 10th, James Labe acquired 27,200 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.78 per share, for a total transaction of $184,416.00.
• On Friday, December 5th, James Labe acquired 47,741 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.81 per share, for a total transaction of $325,116.21.
• On Thursday, December 4th, James Labe purchased 47,713 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.62 per share, for a total transaction of $315,860.06.
• On Wednesday, December 3rd, James Labe bought 24,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.57 per share, for a total transaction of $157,680.00.
• On Monday, December 1st, James Labe purchased 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 shares were purchased at an average cost of $6.31 per share, with a total value of $315,500.00.

TriplePoint Venture Growth BDC Stock Up 1.7%

TriplePoint Venture Growth BDC stock opened at $6.28 on Friday. The firm has a 50-day moving average price of $6.00 and a two-hundred day moving average price of $6.43. The firm has a market capitalization of $253.87 million, a price-to-earnings ratio of 7.39 and a beta of 1.35. TriplePoint Venture Growth BDC Corp. has a 52-week low of $5.24 and a 52-week high of $8.20.

TriplePoint Venture Growth BDC (NYSE:TPVG) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $24.22 million. Research analysts expect that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current year.

TriplePoint Venture Growth BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 14.6%. The ex-dividend date of this dividend is Tuesday, December 16th. TriplePoint Venture Growth BDC’s dividend payout ratio is currently 108.24%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TPVG. Wall Street Zen upgraded TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Piper Sandler lowered their target price on TriplePoint Venture Growth BDC from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, October 9th. UBS Group cut their price target 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. Weiss Ratings reissued a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a research report on Monday. Finally, Zacks Research upgraded shares of TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Five research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, TriplePoint Venture Growth BDC has an average rating of “Reduce” and an average target price of $6.25.

Institutional Trading of TriplePoint Venture Growth BDC

Several hedge funds have recently modified their holdings of TPVG. Two Sigma Investments LP boosted its holdings in shares of TriplePoint Venture Growth BDC by 58.6% in the 3rd quarter. Two Sigma Investments LP now owns 612,727 shares of the investment management company’s stock worth $3,535,000 after acquiring an additional 226,479 shares in the last quarter. Marshall Wace LLP increased its position in TriplePoint Venture Growth BDC by 44.9% in the 2nd quarter. Marshall Wace LLP now owns 529,201 shares of the investment management company’s stock valued at $3,710,000 after acquiring an additional 163,916 shares in the last quarter. Meridian Wealth Management LLC bought a new position in TriplePoint Venture Growth BDC in the 3rd quarter worth approximately $173,000. Aquatic Capital Management LLC raised its position in shares of TriplePoint Venture Growth BDC by 251.3% during the third quarter. Aquatic Capital Management LLC now owns 41,137 shares of the investment management company’s stock worth $237,000 after acquiring an additional 29,427 shares during the last quarter. Finally, Brevan Howard Capital Management LP bought a new stake in TriplePoint Venture Growth BDC during the 3rd quarter worth about $165,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

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.