Key Points
- CEO James Labe purchased 16,833 shares on Jan. 8 at $6.61 for $111,266.13, bringing his total ownership to 1,958,690 shares (valued at ~ $12.95M), a 0.87% increase in his stake.
- Labe carried out a sustained buying spree from Dec. 23–Jan. 7, acquiring roughly 322,000 shares for about $2.08 million, signaling significant insider buying momentum.
- TriplePoint pays a quarterly dividend of $0.23 (annualized $0.92) for a 13.9% yield
TriplePoint Venture Growth BDC Corp. (NYSE:TPVG - Get Free Report) CEO James Labe acquired 16,833 shares of the firm's stock in a transaction on Thursday, January 8th. The shares were bought at an average cost of $6.61 per share, for a total transaction of $111,266.13. Following the acquisition, the chief executive officer owned 1,958,690 shares in the company, valued at approximately $12,946,940.90. The trade was a 0.87% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
James Labe also recently made the following trade(s):
- On Wednesday, January 7th, James Labe bought 30,877 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average price of $6.43 per share, for a total transaction of $198,539.11.
- On Tuesday, January 6th, James Labe purchased 34,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.61 per share, with a total value of $224,740.00.
- On Monday, January 5th, James Labe acquired 40,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.70 per share, for a total transaction of $268,000.00.
- On Friday, January 2nd, James Labe bought 27,153 shares of TriplePoint Venture Growth BDC stock. The stock was purchased at an average cost of $6.60 per share, with a total value of $179,209.80.
- On Wednesday, December 31st, James Labe purchased 30,459 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost 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 purchased 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 stock was acquired at an average cost of $6.34 per share, for a total transaction of $173,779.40.
- On Friday, December 26th, James Labe purchased 31,600 shares of TriplePoint Venture Growth BDC stock. The shares were acquired at an average cost 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 acquired at an average price of $6.30 per share, for a total transaction of $168,562.80.
- On Tuesday, December 23rd, James Labe bought 31,910 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 $200,713.90.
TriplePoint Venture Growth BDC Stock Performance
Shares of TriplePoint Venture Growth BDC stock opened at $6.62 on Friday. The firm has a fifty day moving average of $6.28 and a two-hundred day moving average of $6.36. The stock has a market capitalization of $267.25 million, a price-to-earnings ratio of 7.78 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 released its quarterly earnings data on Wednesday, November 5th. The investment management company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.03). TriplePoint Venture Growth BDC had a net margin of 36.02% and a return on equity of 12.88%. The company had revenue of $22.66 million during the quarter, compared to the consensus estimate of $24.22 million. As a group, research analysts forecast that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current fiscal year.
TriplePoint Venture Growth BDC Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th were issued a dividend of $0.23 per share. The ex-dividend date was Tuesday, December 16th. This represents a $0.92 dividend on an annualized basis and a yield of 13.9%. TriplePoint Venture Growth BDC's payout ratio is currently 108.24%.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the stock. Piper Sandler reduced their price target on shares of TriplePoint Venture Growth BDC from $7.00 to $6.00 and set a "neutral" rating on the stock in a research report on Thursday, October 9th. UBS Group reduced their target price on 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. Wall Street Zen raised TriplePoint Venture Growth BDC from a "sell" rating to a "hold" rating in a research note on Saturday, December 6th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of TriplePoint Venture Growth BDC in a research report on Monday, December 29th. Finally, Zacks Research upgraded TriplePoint Venture Growth BDC from a "strong sell" rating to a "hold" rating in a 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's stock. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $6.25.
Check Out Our Latest Analysis on TriplePoint Venture Growth BDC
Hedge Funds Weigh In On TriplePoint Venture Growth BDC
Hedge funds have recently made changes to their positions in the business. Nomura Asset Management Co. Ltd. bought a new stake in shares of TriplePoint Venture Growth BDC in the second quarter worth $26,000. Northwestern Mutual Wealth Management Co. bought a new position in TriplePoint Venture Growth BDC in the second quarter valued at $35,000. Advisory Services Network LLC acquired a new stake in TriplePoint Venture Growth BDC in the 3rd quarter valued at $33,000. Bluefin Capital Management LLC bought a new stake in TriplePoint Venture Growth BDC during the 2nd quarter worth about $105,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of TriplePoint Venture Growth BDC during the 2nd quarter worth about $131,000. 12.77% of the stock is owned by institutional investors.
About TriplePoint Venture Growth BDC
(
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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