Key Points
- CEO James Labe bought 24,590 shares on Dec. 11 (at $6.69) and has purchased a total of 431,442 shares since Nov. 18, bringing his stake to 1,424,115 shares (a 1.76% increase) valued at about $9.53 million.
- TriplePoint declared a quarterly dividend of $0.23 per share (ex-dividend Dec. 16, payable Dec. 30), implying a $0.92 annualized payout and a 13.9% yield with a payout ratio of 108.24%.
- The stock trades around $6.64 with a market cap of $268 million and a P/E of 7.81, while analyst coverage skews cautious (consensus rating "Reduce" and an average target price of $6.25).
TriplePoint Venture Growth BDC Corp. (NYSE:TPVG - Get Free Report) CEO James Labe purchased 24,590 shares of the stock in a transaction dated Thursday, December 11th. The shares were purchased at an average price of $6.69 per share, for a total transaction of $164,507.10. Following the completion of the transaction, the chief executive officer owned 1,424,115 shares in the company, valued at $9,527,329.35. This trade represents a 1.76% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
James Labe also recently made the following trade(s):
- On Wednesday, December 10th, James Labe bought 27,200 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.78 per share, with a total value of $184,416.00.
- On Friday, December 5th, James Labe bought 47,741 shares of TriplePoint Venture Growth BDC stock. The shares were purchased 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 acquired at an average price of $6.62 per share, for a total transaction of $315,860.06.
- On Wednesday, December 3rd, James Labe acquired 24,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.57 per share, with a total value of $157,680.00.
- On Monday, December 1st, James Labe acquired 50,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.40 per share, for a total transaction of $320,000.00.
- On Monday, November 24th, James Labe bought 50,000 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average price 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 bought at an average price 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 bought at an average price of $6.28 per share, for a total transaction of $270,033.72.
- On Wednesday, November 19th, James Labe bought 50,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.19 per share, for a total transaction of $309,500.00.
- On Tuesday, November 18th, James Labe bought 27,439 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.06 per share, with a total value of $166,280.34.
TriplePoint Venture Growth BDC Trading Up 0.2%
Shares of TPVG opened at $6.64 on Friday. The business's 50-day moving average price is $5.94 and its 200 day moving average price is $6.44. The stock has a market capitalization of $268.05 million, a P/E ratio of 7.81 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.
TriplePoint Venture Growth BDC (NYSE:TPVG - Get Free Report) 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). 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 return on equity of 12.88% and a net margin of 36.02%. On average, research analysts predict 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. Shareholders of record on Tuesday, December 16th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 13.9%. The ex-dividend date is Tuesday, December 16th. TriplePoint Venture Growth BDC's payout ratio is presently 108.24%.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the company. Wall Street Zen upgraded TriplePoint Venture Growth BDC from a "sell" rating to a "hold" rating in a report on Saturday, December 6th. UBS Group dropped their price target on TriplePoint Venture Growth BDC from $6.50 to $5.50 and set a "neutral" rating on the stock in a research report on Tuesday, October 14th. Weiss Ratings restated a "sell (d+)" rating on shares of TriplePoint Venture Growth BDC in a research report on Monday. Piper Sandler lowered their target price on 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. Finally, Zacks Research raised shares of TriplePoint Venture Growth BDC from a "strong sell" rating to a "hold" rating in a research report on Monday, December 8th. Five research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus target price of $6.25.
Get Our Latest Report on TriplePoint Venture Growth BDC
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of TPVG. Quarry LP increased its position in TriplePoint Venture Growth BDC by 53.6% in 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. PharVision Advisers LLC grew its stake in shares of TriplePoint Venture Growth BDC by 15.7% in the 1st quarter. PharVision Advisers LLC now owns 13,193 shares of the investment management company's stock valued at $92,000 after buying an additional 1,789 shares in the last quarter. Kovack Advisors Inc. increased its holdings in TriplePoint Venture Growth BDC by 4.4% in the third quarter. Kovack Advisors Inc. now owns 52,519 shares of the investment management company's stock worth $303,000 after buying an additional 2,200 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its position in TriplePoint Venture Growth BDC by 6.4% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 42,980 shares of the investment management company's stock valued at $248,000 after acquiring an additional 2,600 shares in the last quarter. Finally, Verition Fund Management LLC raised its position in TriplePoint Venture Growth BDC by 14.1% during the third quarter. Verition Fund Management LLC now owns 22,677 shares of the investment management company's stock valued at $131,000 after acquiring an additional 2,800 shares in the last quarter. Hedge funds and other institutional investors own 12.77% of the company's stock.
TriplePoint Venture Growth BDC Company Profile
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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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