TriplePoint Venture Growth BDC Corp. (NYSE:TPVG - Get Free Report) CEO James Labe acquired 19,919 shares of TriplePoint Venture Growth BDC stock in a transaction that occurred on Friday, December 12th. The shares were purchased at an average price of $6.64 per share, for a total transaction of $132,262.16. Following the completion of the purchase, the chief executive officer directly owned 1,444,034 shares of the company's stock, valued at $9,588,385.76. The trade was a 1.40% increase in their ownership of the stock. The transaction 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 Monday, December 15th, James Labe bought 30,000 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.46 per share, for a total transaction of $193,800.00.
- On Thursday, December 11th, James Labe purchased 24,590 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.69 per share, with a total value of $164,507.10.
- On Wednesday, December 10th, James Labe acquired 27,200 shares of TriplePoint Venture Growth BDC stock. The shares were acquired 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 stock was acquired at an average cost of $6.81 per share, for a total transaction of $325,116.21.
- On Thursday, December 4th, James Labe bought 47,713 shares of TriplePoint Venture Growth BDC stock. The shares were 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 shares were bought 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 bought at an average price of $6.40 per share, with a total value of $320,000.00.
- On Monday, November 24th, James Labe bought 50,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.31 per share, for a total transaction of $315,500.00.
- On Friday, November 21st, James Labe bought 39,760 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.30 per share, with a total value of $250,488.00.
- On Thursday, November 20th, James Labe purchased 42,999 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.28 per share, for a total transaction of $270,033.72.
TriplePoint Venture Growth BDC Price Performance
Shares of TriplePoint Venture Growth BDC stock opened at $6.14 on Wednesday. The company has a market capitalization of $247.85 million, a P/E ratio of 7.22 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 business's fifty day moving average price is $5.97 and its two-hundred day moving average price is $6.43.
TriplePoint Venture Growth BDC (NYSE:TPVG - Get Free Report) last posted its quarterly earnings data 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). TriplePoint Venture Growth BDC had a return on equity of 12.88% and a net margin of 36.02%.The company had revenue of $22.66 million during the quarter, compared to analyst estimates of $24.22 million. On average, research analysts expect that TriplePoint Venture Growth BDC Corp. will post 1.4 earnings per share for the current fiscal 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 paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 15.0%. The ex-dividend date of this dividend is Tuesday, December 16th. TriplePoint Venture Growth BDC's payout ratio is currently 108.24%.
Analyst Upgrades and Downgrades
TPVG has been the topic of a number of research analyst reports. Zacks Research raised TriplePoint Venture Growth BDC from a "strong sell" rating to a "hold" rating in a report on Monday, December 8th. Wall Street Zen upgraded shares of TriplePoint Venture Growth BDC from a "sell" rating to a "hold" rating in a research report on Saturday, December 6th. Weiss Ratings reiterated a "sell (d+)" rating on shares of TriplePoint Venture Growth BDC in a report on Monday. 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 research report on Tuesday, October 14th. Finally, 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 report on Thursday, October 9th. Five investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, TriplePoint Venture Growth BDC presently has a consensus rating of "Reduce" and a consensus target price of $6.25.
View Our Latest Report on TriplePoint Venture Growth BDC
Institutional Investors Weigh In On TriplePoint Venture Growth BDC
A number of large investors have recently added to or reduced their stakes in TPVG. HighTower Advisors LLC bought a new stake in shares of TriplePoint Venture Growth BDC during the 1st quarter worth $72,000. Ethos Financial Group LLC bought a new position in shares of TriplePoint Venture Growth BDC in the first quarter worth about $176,000. Samalin Investment Counsel LLC increased its stake in shares of TriplePoint Venture Growth BDC by 16.1% in the first quarter. Samalin Investment Counsel LLC now owns 81,906 shares of the investment management company's stock worth $572,000 after purchasing an additional 11,364 shares during the period. Quarry LP lifted its position 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. Finally, PharVision Advisers LLC boosted its stake in TriplePoint Venture Growth BDC by 15.7% during the 1st quarter. PharVision Advisers LLC now owns 13,193 shares of the investment management company's stock valued at $92,000 after purchasing an additional 1,789 shares during the period. 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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