Key Points
- Over Dec. 17–Jan. 2, CEO James Labe bought a total of 309,088 TPVG shares for about $1.96 million, increasing his stake to 1,836,980 shares (a 1.50% rise) valued at roughly $12.12 million.
- TriplePoint paid a quarterly dividend of $0.23 (annualized $0.92), implying a 13.8% yield and a payout ratio of 108.24%, signaling a high but potentially unsustainable distribution.
- The stock trades around $6.67 with a $269 million market cap, while analysts are cautious—the average rating is "Reduce" with an average price target of $6.25 amid mixed Hold/Sell reports.
TriplePoint Venture Growth BDC Corp. (NYSE:TPVG - Get Free Report) CEO James Labe bought 27,153 shares of the stock in a transaction on Friday, January 2nd. The stock was acquired at an average price of $6.60 per share, with a total value of $179,209.80. Following the completion of the acquisition, the chief executive officer owned 1,836,980 shares of the company's stock, valued at $12,124,068. This represents a 1.50% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
James Labe also recently made the following trade(s):
- On Wednesday, December 31st, James Labe purchased 30,459 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average price of $6.55 per share, for a total transaction of $199,506.45.
- On Tuesday, December 30th, James Labe acquired 25,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.45 per share, with a total value of $161,250.00.
- On Monday, December 29th, James Labe bought 27,410 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.34 per share, for a total transaction of $173,779.40.
- On Friday, December 26th, James Labe bought 31,600 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.30 per share, with a total value of $199,080.00.
- On Wednesday, December 24th, James Labe acquired 26,756 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.30 per share, with a total value of $168,562.80.
- On Tuesday, December 23rd, James Labe purchased 31,910 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.29 per share, with a total value of $200,713.90.
- On Monday, December 22nd, James Labe bought 26,900 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost of $6.29 per share, with a total value of $169,201.00.
- On Friday, December 19th, James Labe acquired 29,000 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.25 per share, with a total value of $181,250.00.
- On Thursday, December 18th, James Labe purchased 25,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.30 per share, with a total value of $157,500.00.
- On Wednesday, December 17th, James Labe bought 27,900 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average price of $6.19 per share, with a total value of $172,701.00.
TriplePoint Venture Growth BDC Stock Up 0.4%
TriplePoint Venture Growth BDC stock opened at $6.67 on Tuesday. The company's 50 day moving average price is $6.20 and its two-hundred day moving average price is $6.36. The stock has a market cap of $269.27 million, a P/E ratio of 7.84 and a beta of 1.35. 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 announced its 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 business had revenue of $22.66 million for the quarter, compared to analysts' expectations 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 analysts anticipate that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current year.
TriplePoint Venture Growth BDC Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 13.8%. The ex-dividend date of this dividend was Tuesday, December 16th. TriplePoint Venture Growth BDC's dividend payout ratio is 108.24%.
Wall Street Analyst Weigh In
TPVG has been the subject of a number of recent research reports. Zacks Research upgraded shares of TriplePoint Venture Growth BDC from a "strong sell" rating to a "hold" rating in a research note on Monday, December 8th. 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. Wall Street Zen upgraded TriplePoint Venture Growth BDC from a "sell" rating to a "hold" rating in a research report on Saturday, December 6th. Weiss Ratings reissued a "sell (d+)" rating on shares of TriplePoint Venture Growth BDC in a research note on Monday, December 29th. Finally, Piper Sandler reduced their price objective 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. Five research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average price target of $6.25.
View Our Latest Analysis on TriplePoint Venture Growth BDC
Hedge Funds Weigh In On TriplePoint Venture Growth BDC
Hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP boosted its holdings 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 worth $33,000 after purchasing an additional 1,629 shares during the period. PharVision Advisers LLC increased its position 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. Jane Street Group LLC increased its position in shares of TriplePoint Venture Growth BDC by 28.1% during the first quarter. Jane Street Group LLC now owns 67,693 shares of the investment management company's stock valued at $472,000 after buying an additional 14,865 shares during the period. U.S. Capital Wealth Advisors LLC raised its position in shares of TriplePoint Venture Growth BDC by 23.2% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 40,380 shares of the investment management company's stock worth $283,000 after acquiring an additional 7,600 shares in the last quarter. Finally, Norden Group LLC lifted its position in TriplePoint Venture Growth BDC by 36.4% during the second quarter. Norden Group LLC now owns 56,848 shares of the investment management company's stock valued at $399,000 after buying an additional 15,160 shares during the period. 12.77% of the stock is owned by institutional investors.
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.
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