TriplePoint Venture Growth BDC Corp. (NYSE:TPVG - Get Free Report) CEO James Labe acquired 47,741 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was purchased at an average price of $6.81 per share, with a total value of $325,116.21. Following the transaction, the chief executive officer owned 1,318,220 shares in the company, valued at $8,977,078.20. This represents a 3.76% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
James Labe also recently made the following trade(s):
- On Thursday, December 4th, James Labe bought 47,713 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.62 per share, for a total transaction of $315,860.06.
- On Wednesday, December 3rd, James Labe bought 24,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.57 per share, with a total value of $157,680.00.
- On Monday, December 1st, James Labe purchased 50,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.40 per share, with a total value of $320,000.00.
- On Monday, November 24th, James Labe purchased 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.31 per share, for a total transaction of $315,500.00.
- On Friday, November 21st, James Labe acquired 39,760 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.30 per share, for a total transaction of $250,488.00.
- On Thursday, November 20th, James Labe acquired 42,999 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price of $6.28 per share, with a total value of $270,033.72.
- On Wednesday, November 19th, James Labe bought 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.19 per share, with a total value 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 purchased 44,648 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.06 per share, with a total value of $270,566.88.
- On Friday, November 14th, James Labe acquired 46,700 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $5.99 per share, with a total value of $279,733.00.
TriplePoint Venture Growth BDC Trading Up 0.7%
TPVG opened at $6.73 on Wednesday. The stock has a market capitalization of $271.69 million, a P/E ratio of 7.91 and a beta of 1.35. TriplePoint Venture Growth BDC Corp. has a 12 month low of $5.24 and a 12 month high of $8.32. The firm's fifty day simple moving average is $5.88 and its 200 day simple moving average is $6.44.
TriplePoint Venture Growth BDC (NYSE:TPVG - Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The investment management company reported $0.26 earnings per share (EPS) 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 analyst estimates 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, equities research analysts predict that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current fiscal year.
TriplePoint Venture Growth BDC Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be paid a $0.23 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $0.92 annualized dividend and a yield of 13.7%. TriplePoint Venture Growth BDC's payout ratio is presently 108.24%.
Institutional Trading of TriplePoint Venture Growth BDC
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. acquired a new stake in TriplePoint Venture Growth BDC in the second quarter valued at $26,000. Quarry LP increased its stake 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 worth $33,000 after purchasing an additional 1,629 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of TriplePoint Venture Growth BDC in the 2nd quarter valued at about $35,000. Advisory Services Network LLC bought a new stake in shares of TriplePoint Venture Growth BDC in the 3rd quarter valued at about $33,000. Finally, HighTower Advisors LLC acquired a new stake in TriplePoint Venture Growth BDC in the 1st quarter valued at about $72,000. 12.77% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on TPVG shares. UBS Group lowered their price objective on shares of TriplePoint Venture Growth BDC from $6.50 to $5.50 and set a "neutral" rating on the stock in a report on Tuesday, October 14th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of TriplePoint Venture Growth BDC in a research report on Monday. Wall Street Zen raised shares of TriplePoint Venture Growth BDC from a "sell" rating to a "hold" rating in a research report on Saturday. Piper Sandler reduced their price objective on shares of TriplePoint Venture Growth BDC from $7.00 to $6.00 and set a "neutral" rating for the company in a research note on Thursday, October 9th. Finally, Zacks Research cut TriplePoint Venture Growth BDC from a "hold" rating to a "strong sell" rating in a report on Friday, November 7th. Four analysts have rated the stock with a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Reduce" and a consensus target price of $6.25.
Check Out Our Latest Stock Report on TriplePoint Venture Growth BDC
About TriplePoint Venture Growth BDC
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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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