TriplePoint Venture Growth BDC (NYSE:TPVG) CEO Buys $297,500.00 in Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CEO James Labe purchased 50,000 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were acquired at an average cost of $5.95 per share, for a total transaction of $297,500.00. Following the completion of the purchase, the chief executive officer directly owned 667,352 shares of the company’s stock, valued at approximately $3,970,744.40. This represents a 8.10% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, November 11th, James Labe acquired 26,117 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $5.76 per share, with a total value of $150,433.92.
• On Wednesday, September 3rd, James Labe bought 48,800 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.77 per share, for a total transaction of $330,376.00.
• On Tuesday, September 2nd, James Labe bought 54,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.72 per share, for a total transaction of $362,880.00.
• On Friday, August 29th, James Labe purchased 65,000 shares of TriplePoint Venture Growth BDC stock. The stock was 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 acquired 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 shares were bought at an average cost of $6.63 per share, for a total transaction of $352,450.80.
• On Tuesday, August 26th, James Labe acquired 27,988 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.48 per share, for a total transaction of $181,362.24.
• On Monday, August 25th, James Labe bought 80,000 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 $518,400.00.
• On Friday, August 22nd, James Labe purchased 42,003 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.44 per share, for a total transaction of $270,499.32.
• On Thursday, August 21st, James Labe purchased 31,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.30 per share, for a total transaction of $195,300.00.

TriplePoint Venture Growth BDC Trading Up 0.2%

TPVG stock traded up $0.01 during midday trading on Thursday, hitting $5.96. The company had a trading volume of 312,419 shares, compared to its average volume of 316,972. The stock has a market cap of $240.78 million, a price-to-earnings ratio of 7.01 and a beta of 1.47. TriplePoint Venture Growth BDC Corp. has a 52 week low of $5.24 and a 52 week high of $8.50. The stock’s 50 day moving average price is $5.86 and its 200 day moving average price is $6.45.

TriplePoint Venture Growth BDC (NYSE:TPVG) last issued its earnings results on Wednesday, November 5th. The investment management company reported $0.26 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 during the quarter, compared to analysts’ expectations of $24.22 million. Analysts predict that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current year.

TriplePoint Venture Growth BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 15.4%. The ex-dividend date of this dividend is Tuesday, December 16th. TriplePoint Venture Growth BDC’s dividend payout ratio is 108.24%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. bought a new stake in shares of TriplePoint Venture Growth BDC during the second quarter valued at approximately $26,000. Quarry LP boosted its holdings in shares of TriplePoint Venture Growth BDC by 53.6% during the 1st quarter. Quarry LP now owns 4,669 shares of the investment management company’s stock valued at $33,000 after buying an additional 1,629 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of TriplePoint Venture Growth BDC in the 2nd quarter worth about $35,000. Private Advisor Group LLC purchased a new position in TriplePoint Venture Growth BDC during the 1st quarter valued at about $72,000. Finally, HighTower Advisors LLC purchased a new stake in TriplePoint Venture Growth BDC in the first quarter worth about $72,000. Institutional investors own 12.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. UBS Group dropped their target price 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. Piper Sandler lowered their price target on TriplePoint Venture Growth BDC from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, October 9th. Weiss Ratings lowered TriplePoint Venture Growth BDC from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, November 7th. Finally, Zacks Research downgraded TriplePoint Venture Growth BDC from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Four equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus 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.