TriplePoint Venture Growth BDC (NYSE:TPVG) CEO Acquires $150,433.92 in Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CEO James Labe acquired 26,117 shares of the stock in a transaction that occurred on Tuesday, November 11th. The shares were bought at an average cost of $5.76 per share, for a total transaction of $150,433.92. Following the completion of the transaction, the chief executive officer directly owned 617,352 shares of the company’s stock, valued at $3,555,947.52. This represents a 4.42% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Wednesday, November 12th, James Labe purchased 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $5.95 per share, for a total transaction of $297,500.00.
• On Wednesday, September 3rd, James Labe acquired 48,800 shares of TriplePoint Venture Growth BDC stock. The shares were purchased 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 purchased at an average cost 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 shares were purchased at an average price of $6.73 per share, with a total value of $437,450.00.
• On Thursday, August 28th, James Labe acquired 44,630 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.64 per share, for a total transaction of $296,343.20.
• On Wednesday, August 27th, James Labe bought 53,160 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.63 per share, with a total value of $352,450.80.
• On Tuesday, August 26th, James Labe acquired 27,988 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.48 per share, with a total value of $181,362.24.
• On Monday, August 25th, James Labe bought 80,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.48 per share, for a total transaction 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, with a total value of $270,499.32.
• On Thursday, August 21st, James Labe acquired 31,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.30 per share, for a total transaction of $195,300.00.

TriplePoint Venture Growth BDC Price Performance

TPVG traded up $0.01 on Thursday, hitting $5.96. The company had a trading volume of 312,419 shares, compared to its average volume of 316,972. TriplePoint Venture Growth BDC Corp. has a 1-year low of $5.24 and a 1-year high of $8.50. The company’s fifty day moving average price is $5.86 and its 200 day moving average price is $6.45. 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 (NYSE:TPVG) last announced 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 the consensus estimate of $24.22 million. On average, sell-side analysts forecast that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current year.

TriplePoint Venture Growth BDC Announces Dividend

The firm also recently disclosed 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. 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 currently 108.24%.

Hedge Funds Weigh In On TriplePoint Venture Growth BDC

Hedge funds have recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd acquired a new stake in shares of TriplePoint Venture Growth BDC during the 1st quarter worth approximately $109,000. Private Advisor Group LLC acquired a new position in shares of TriplePoint Venture Growth BDC in the 1st quarter valued at $72,000. Norden Group LLC boosted its position in shares of TriplePoint Venture Growth BDC by 36.4% in the 2nd quarter. Norden Group LLC now owns 56,848 shares of the investment management company’s stock worth $399,000 after purchasing an additional 15,160 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its position in shares of TriplePoint Venture Growth BDC by 23.2% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 40,380 shares of the investment management company’s stock worth $283,000 after purchasing an additional 7,600 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new stake in shares of TriplePoint Venture Growth BDC during the first quarter worth $72,000. Institutional investors own 12.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TPVG shares. Weiss Ratings lowered shares of TriplePoint Venture Growth BDC from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, November 7th. Piper Sandler lowered their price objective on TriplePoint Venture Growth BDC from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, October 9th. Zacks Research lowered shares of TriplePoint Venture Growth BDC from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Finally, UBS Group dropped their price target 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. Four analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, TriplePoint Venture Growth BDC presently has an average rating of “Reduce” and a consensus target price of $6.25.

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.