James Labe Buys 16,000 Shares of TriplePoint Venture Growth BDC (NYSE:TPVG) Stock

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CEO James Labe purchased 16,000 shares of the business’s stock in a transaction dated Friday, January 9th. The shares were acquired at an average price of $6.56 per share, with a total value of $104,960.00. Following the completion of the acquisition, the chief executive officer owned 1,974,690 shares of the company’s stock, valued at approximately $12,953,966.40. The trade was a 0.82% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

James Labe also recently made the following trade(s):

• On Monday, January 12th, James Labe acquired 23,799 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average price of $6.66 per share, for a total transaction of $158,501.34.
• On Thursday, January 8th, James Labe bought 16,833 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.61 per share, for a total transaction of $111,266.13.
• 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, with a total value of $198,539.11.
• On Tuesday, January 6th, James Labe bought 34,000 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average cost of $6.61 per share, for a total transaction 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 purchased 27,153 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.60 per share, for a total transaction of $179,209.80.
• On Wednesday, December 31st, James Labe purchased 30,459 shares of TriplePoint Venture Growth BDC stock. The stock was acquired at an average cost of $6.55 per share, with a total value of $199,506.45.
• On Tuesday, December 30th, James Labe bought 25,000 shares of TriplePoint Venture Growth BDC stock. The stock was bought at an average cost of $6.45 per share, with a total value of $161,250.00.
• On Monday, December 29th, James Labe acquired 27,410 shares of TriplePoint Venture Growth BDC stock. The shares were bought at an average cost of $6.34 per share, with a total value of $173,779.40.
• On Friday, December 26th, James Labe bought 31,600 shares of TriplePoint Venture Growth BDC stock. The shares were purchased at an average price of $6.30 per share, with a total value of $199,080.00.

TriplePoint Venture Growth BDC Trading Up 0.3%

NYSE:TPVG opened at $6.65 on Thursday. The firm has a 50 day moving average of $6.35 and a 200-day moving average of $6.35. TriplePoint Venture Growth BDC Corp. has a 1 year low of $5.24 and a 1 year high of $8.20. The stock has a market capitalization of $268.66 million, a P/E ratio of 7.82 and a beta of 1.35.

TriplePoint Venture Growth BDC (NYSE:TPVG) last posted 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). The business 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%. As a group, analysts forecast that TriplePoint Venture Growth BDC Corp. will post 1.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TPVG shares. Weiss Ratings raised shares of TriplePoint Venture Growth BDC from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. Zacks Research upgraded TriplePoint Venture Growth BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Piper Sandler lowered their target price on TriplePoint Venture Growth BDC from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, October 9th. Wall Street Zen raised TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Finally, UBS Group decreased their price target 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. Six equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, TriplePoint Venture Growth BDC presently has a consensus rating of “Reduce” and a consensus price target of $6.25.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TPVG. Norden Group LLC grew its stake in shares of TriplePoint Venture Growth BDC by 150.1% during the fourth quarter. Norden Group LLC now owns 174,090 shares of the investment management company’s stock worth $1,139,000 after purchasing an additional 104,492 shares during the period. Advisory Services Network LLC bought a new position in TriplePoint Venture Growth BDC during the third quarter worth about $33,000. CANADA LIFE ASSURANCE Co grew its position in shares of TriplePoint Venture Growth BDC by 35.5% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 51,515 shares of the investment management company’s stock worth $296,000 after buying an additional 13,490 shares during the period. Verition Fund Management LLC increased its stake in shares of TriplePoint Venture Growth BDC by 14.1% in the 3rd 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 during the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of TriplePoint Venture Growth BDC in the 3rd quarter valued at approximately $134,000. 12.77% of the stock is currently owned by institutional investors.

About TriplePoint Venture Growth BDC

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.