TriplePoint Venture Growth BDC (NYSE:TPVG) CEO Purchases $157,500.00 in Stock

Key Points

  • CEO James Labe conducted a December buying spree, acquiring roughly 342,107 shares across multiple trades (~$2.23M) and raising his direct stake to 1,565,978 shares valued at about $9.87M.
  • The firm declared a $0.23 quarterly dividend (ex-dividend Dec. 16) implying a 14.7% dividend yield"Reduce" rating and a $6.25 consensus target after a recent quarter that missed EPS and revenue estimates.

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG - Get Free Report) CEO James Labe bought 25,000 shares of the company's stock in a transaction dated Thursday, December 18th. The stock was acquired at an average price of $6.30 per share, for a total transaction of $157,500.00. Following the acquisition, the chief executive officer directly owned 1,565,978 shares in the company, valued at $9,865,661.40. This trade represents a 1.62% increase in their ownership of the stock. The acquisition 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 Friday, December 19th, James Labe purchased 29,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.25 per share, with a total value of $181,250.00.
  • On Wednesday, December 17th, James Labe acquired 27,900 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 $172,701.00.
  • On Tuesday, December 16th, James Labe bought 39,044 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.18 per share, with a total value of $241,291.92.
  • On Monday, December 15th, James Labe bought 30,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.46 per share, with a total value of $193,800.00.
  • On Friday, December 12th, James Labe purchased 19,919 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.64 per share, for a total transaction of $132,262.16.
  • On Thursday, December 11th, James Labe purchased 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 Wednesday, December 10th, James Labe acquired 27,200 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.78 per share, with a total value of $184,416.00.
  • On Friday, December 5th, James Labe acquired 47,741 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.81 per share, with a total value of $325,116.21.
  • On Thursday, December 4th, James Labe bought 47,713 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.62 per share, for a total transaction of $315,860.06.
  • On Wednesday, December 3rd, James Labe purchased 24,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.57 per share, with a total value of $157,680.00.

TriplePoint Venture Growth BDC Price Performance




Shares of TriplePoint Venture Growth BDC stock opened at $6.26 on Tuesday. The firm has a market cap of $252.70 million, a price-to-earnings ratio of 7.36 and a beta of 1.35. The stock has a 50-day simple moving average of $6.04 and a 200-day simple moving average of $6.41. TriplePoint Venture Growth BDC Corp. has a 52-week low of $5.24 and a 52-week high of $8.20.

TriplePoint Venture Growth BDC (NYSE:TPVG - Get Free Report) last issued 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). The business had revenue of $22.66 million for the quarter, compared to the consensus estimate of $24.22 million. TriplePoint Venture Growth BDC had a net margin of 36.02% and a return on equity of 12.88%. As a group, equities 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 firm also recently declared 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 is Tuesday, December 16th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 14.7%. TriplePoint Venture Growth BDC's dividend payout ratio (DPR) is currently 108.24%.

Analyst Ratings Changes

Several equities analysts have commented on TPVG shares. UBS Group lowered their target price 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. Piper Sandler lowered their price objective on TriplePoint Venture Growth BDC from $7.00 to $6.00 and set a "neutral" rating on the stock in a report on Thursday, October 9th. Zacks Research raised TriplePoint Venture Growth BDC from a "strong sell" rating to a "hold" rating in a research note on Monday, December 8th. Wall Street Zen raised TriplePoint Venture Growth BDC from a "sell" rating to a "hold" rating in a research report on Saturday, December 6th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of TriplePoint Venture Growth BDC in a report on Monday, December 15th. Five research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Reduce" and a consensus target price of $6.25.

Check Out Our Latest Stock Report on TPVG

Hedge Funds Weigh In On TriplePoint Venture Growth BDC

Several large investors have recently made changes to their positions in the business. Two Sigma Investments LP boosted its stake in TriplePoint Venture Growth BDC by 58.6% during the 3rd quarter. Two Sigma Investments LP now owns 612,727 shares of the investment management company's stock valued at $3,535,000 after purchasing an additional 226,479 shares during the period. Marshall Wace LLP lifted its holdings in shares of TriplePoint Venture Growth BDC by 44.9% during the second quarter. Marshall Wace LLP now owns 529,201 shares of the investment management company's stock worth $3,710,000 after buying an additional 163,916 shares during the last quarter. Meridian Wealth Management LLC bought a new stake in shares of TriplePoint Venture Growth BDC in the third quarter valued at approximately $173,000. Aquatic Capital Management LLC grew its stake in shares of TriplePoint Venture Growth BDC by 251.3% in the third quarter. Aquatic Capital Management LLC now owns 41,137 shares of the investment management company's stock worth $237,000 after acquiring an additional 29,427 shares during the last quarter. Finally, Brevan Howard Capital Management LP bought a new position in TriplePoint Venture Growth BDC during the third quarter worth $165,000. Institutional investors and hedge funds own 12.77% of the company's stock.

TriplePoint Venture Growth BDC News Summary

Here are the key news stories impacting TriplePoint Venture Growth BDC this week:

TriplePoint Venture Growth BDC Company Profile

(Get Free Report)

TriplePoint Venture Growth BDC Inc is a closed-end management investment company externally managed by TriplePoint Capital LLC. The firm specializes in providing customized debt and equity financing to growth-stage, venture capital– and private equity–backed companies. Its financing solutions include senior secured loans, unitranche facilities, subordinated debt and selective equity co-investments tailored to support expansion, working capital needs and strategic initiatives.

Launched in September 2018 and listed on the New York Stock Exchange under the symbol TPVG, TriplePoint Venture Growth BDC leverages the deep industry expertise and established underwriting capabilities of TriplePoint Capital, a venture lender since 2003.

Further Reading

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