James Labe Buys 39,760 Shares of TriplePoint Venture Growth BDC (NYSE:TPVG) Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CEO James Labe bought 39,760 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were acquired at an average cost of $6.30 per share, with a total value of $250,488.00. Following the completion of the transaction, the chief executive officer owned 968,898 shares in the company, valued at approximately $6,104,057.40. The trade was a 4.28% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, November 24th, James Labe purchased 50,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.31 per share, for a total transaction of $315,500.00.
• On Thursday, November 20th, James Labe acquired 42,999 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.28 per share, with a total value of $270,033.72.
• On Wednesday, November 19th, James Labe acquired 50,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.19 per share, for a total transaction of $309,500.00.
• On Tuesday, November 18th, James Labe purchased 27,439 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost 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 purchased 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 stock was purchased at an average cost 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 shares were purchased 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 purchased 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 stock was purchased at an average cost of $6.77 per share, with a total value of $330,376.00.
• On Tuesday, September 2nd, James Labe acquired 54,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.72 per share, for a total transaction of $362,880.00.

TriplePoint Venture Growth BDC Stock Performance

NYSE TPVG traded down $0.02 during trading on Tuesday, hitting $6.28. 60,279 shares of the company’s stock traded hands, compared to its average volume of 321,827. The stock has a market capitalization of $253.51 million, a price-to-earnings ratio of 7.38 and a beta of 1.47. The business has a 50 day moving average of $5.77 and a 200-day moving average of $6.45. TriplePoint Venture Growth BDC Corp. has a 12-month low of $5.24 and a 12-month high of $8.50.

TriplePoint Venture Growth BDC (NYSE:TPVG) last announced its quarterly earnings results on Wednesday, November 5th. The investment management company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). The business had revenue of $22.66 million for the quarter, compared to analysts’ expectations of $24.22 million. TriplePoint Venture Growth BDC had a net margin of 36.02% and a return on equity of 12.88%. On average, analysts expect that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS 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 given a $0.23 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $0.92 annualized dividend and a dividend yield of 14.7%. TriplePoint Venture Growth BDC’s payout ratio is 108.24%.

Analysts Set New Price Targets

A number of analysts recently issued reports on TPVG shares. Wall Street Zen lowered TriplePoint Venture Growth BDC from a “hold” rating to a “sell” rating in a research note on Saturday. Zacks Research downgraded shares of TriplePoint Venture Growth BDC from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. UBS Group cut their price objective on shares of TriplePoint Venture Growth BDC from $6.50 to $5.50 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TriplePoint Venture Growth BDC in a report on Wednesday, November 19th. Finally, Piper Sandler lowered their target price on shares of 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. Four investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, TriplePoint Venture Growth BDC has an average rating of “Reduce” and a consensus price target of $6.25.

Institutional Trading of TriplePoint Venture Growth BDC

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. bought a new stake in shares of TriplePoint Venture Growth BDC during the 2nd quarter worth $26,000. Quarry LP raised its position 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 valued at $33,000 after purchasing an additional 1,629 shares in the last quarter. Advisory Services Network LLC bought a new stake in TriplePoint Venture Growth BDC during the third quarter worth about $33,000. Northwestern Mutual Wealth Management Co. bought a new stake in TriplePoint Venture Growth BDC during the second quarter worth about $35,000. Finally, Private Advisor Group LLC purchased a new position in shares of TriplePoint Venture Growth BDC in the 1st quarter worth about $72,000. Hedge funds and other institutional investors 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.