TriplePoint Venture Growth BDC (NYSE:TPVG) CEO James Labe Purchases 27,200 Shares

by · The Markets Daily

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG – Get Free Report) CEO James Labe acquired 27,200 shares of TriplePoint Venture Growth BDC stock in a transaction that occurred on Wednesday, December 10th. The shares were bought at an average cost of $6.78 per share, with a total value of $184,416.00. Following the transaction, the chief executive officer owned 1,399,525 shares in the company, valued at $9,488,779.50. This represents a 1.98% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

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

  • On Thursday, December 11th, James Labe bought 24,590 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.69 per share, for a total transaction of $164,507.10.
  • On Friday, December 5th, James Labe bought 47,741 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost 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 bought at an average cost of $6.62 per share, with a total value of $315,860.06.
  • On Wednesday, December 3rd, James Labe purchased 24,000 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.57 per share, for a total transaction of $157,680.00.
  • On Monday, December 1st, James Labe acquired 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.40 per share, for a total transaction of $320,000.00.
  • On Monday, November 24th, James Labe acquired 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.31 per share, with a total value of $315,500.00.
  • On Friday, November 21st, James Labe bought 39,760 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.30 per share, with a total value of $250,488.00.
  • On Thursday, November 20th, James Labe bought 42,999 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.28 per share, for a total transaction 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, 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 shares were purchased at an average cost of $6.06 per share, with a total value of $166,280.34.

TriplePoint Venture Growth BDC Price Performance

NYSE TPVG traded up $0.08 during mid-day trading on Friday, reaching $6.70. The stock had a trading volume of 142,708 shares, compared to its average volume of 325,314. The stock has a market cap of $270.48 million, a PE ratio of 7.88 and a beta of 1.35. TriplePoint Venture Growth BDC Corp. has a 1 year low of $5.24 and a 1 year high of $8.20. The company has a fifty day moving average price of $5.92 and a 200 day moving average price of $6.44.

TriplePoint Venture Growth BDC (NYSE:TPVG – Get Free Report) 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 net margin of 36.02% and a return on equity of 12.88%. The business had revenue of $22.66 million for the quarter, compared to analysts’ expectations of $24.22 million. As a group, equities 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 13.7%. The ex-dividend date is Tuesday, December 16th. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is presently 108.24%.

Institutional Investors Weigh In On TriplePoint Venture Growth BDC

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. bought a new position in TriplePoint Venture Growth BDC in the 2nd quarter worth $26,000. Quarry LP grew its holdings 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 during the period. Advisory Services Network LLC purchased a new stake in TriplePoint Venture Growth BDC in the third quarter worth about $33,000. Northwestern Mutual Wealth Management Co. purchased a new stake in TriplePoint Venture Growth BDC in the second quarter worth about $35,000. Finally, HighTower Advisors LLC bought a new position in shares of TriplePoint Venture Growth BDC in the first quarter worth about $72,000. 12.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. UBS Group decreased their target price on 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. Wall Street Zen upgraded shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Piper Sandler lowered their price objective on shares of 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. Weiss Ratings reaffirmed 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. Five analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $6.25.

View Our Latest Stock Analysis on TPVG

About TriplePoint Venture Growth BDC

(Get Free Report)

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.

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