Key Points
- CEO James Labe purchased 50,000 shares on Nov. 19 at $6.19 (~$309,500), raising his stake to 886,139 shares — part of a sustained series of insider buys from August through November.
- The company declared a quarterly dividend of $0.23 (annualized $0.92), yielding 14.5%, though the dividend payout ratio is a high 108.24%, which may indicate sustainability risk.
- TPVG trades around $6.33 with a market cap of ~$255.5M and a PE of 7.44; analysts' consensus is a "Reduce" rating with a $6.25 target following several recent downgrades.
TriplePoint Venture Growth BDC Corp. (NYSE:TPVG - Get Free Report) CEO James Labe bought 42,999 shares of the business's stock in a transaction that occurred on Thursday, November 20th. The stock was purchased at an average price of $6.28 per share, with a total value of $270,033.72. Following the completion of the purchase, the chief executive officer directly owned 929,138 shares of the company's stock, valued at $5,834,986.64. This represents a 4.85% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
James Labe also recently made the following trade(s):
- On Wednesday, November 19th, James Labe purchased 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired 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 stock was acquired 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 stock was acquired at an average price 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 shares were acquired at an average price of $5.99 per share, for a total transaction of $279,733.00.
- On Wednesday, November 12th, James Labe bought 50,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired 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 acquired 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 shares were bought at an average cost of $6.77 per share, for a total transaction of $330,376.00.
- On Tuesday, September 2nd, James Labe acquired 54,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.72 per share, for a total transaction of $362,880.00.
- On Friday, August 29th, James Labe bought 65,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price 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 stock was bought at an average cost of $6.64 per share, for a total transaction of $296,343.20.
TriplePoint Venture Growth BDC Stock Up 1.2%
TriplePoint Venture Growth BDC stock traded up $0.08 during mid-day trading on Friday, hitting $6.33. 530,426 shares of the company were exchanged, compared to its average volume of 357,220. The company has a market capitalization of $255.53 million, a PE ratio of 7.44 and a beta of 1.47. The business has a fifty day moving average of $5.77 and a 200 day moving average of $6.44. TriplePoint Venture Growth BDC Corp. has a 1-year low of $5.24 and a 1-year high of $8.50.
TriplePoint Venture Growth BDC (NYSE:TPVG - Get Free Report) last posted its earnings results on Wednesday, November 5th. The investment management company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.03). The firm had revenue of $22.66 million during the quarter, compared to the consensus estimate of $24.22 million. TriplePoint Venture Growth BDC had a return on equity of 12.88% and a net margin of 36.02%. Research analysts expect 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 issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $0.92 annualized dividend and a dividend yield of 14.5%. TriplePoint Venture Growth BDC's dividend payout ratio (DPR) is presently 108.24%.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on TPVG. Weiss Ratings reiterated a "sell (d+)" rating on shares of TriplePoint Venture Growth BDC in a research note on Wednesday. Piper Sandler cut their price objective 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. Zacks Research lowered TriplePoint Venture Growth BDC from a "hold" rating to a "strong sell" rating in a research note on Friday, November 7th. Wall Street Zen cut TriplePoint Venture Growth BDC from a "hold" rating to a "sell" rating in a report on Saturday. Finally, UBS Group cut their price target on 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. Four research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of $6.25.
Get Our Latest Analysis on TriplePoint Venture Growth BDC
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. bought a new position in TriplePoint Venture Growth BDC in the 2nd quarter valued at $26,000. Quarry LP lifted its stake in shares of 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 acquiring an additional 1,629 shares during the period. Advisory Services Network LLC bought a new position in TriplePoint Venture Growth BDC in the third quarter valued at about $33,000. Northwestern Mutual Wealth Management Co. acquired a new stake in TriplePoint Venture Growth BDC in the second quarter worth about $35,000. Finally, Private Advisor Group LLC acquired a new stake in TriplePoint Venture Growth BDC in the first quarter worth about $72,000. Institutional investors and hedge funds own 12.77% of the company's stock.
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
