TriplePoint Venture Growth BDC Corp. (NYSE: TPVG – Get a rating) CFO Christopher M. Mathieu bought 10,000 shares in a trade dated Friday, June 17. The shares were purchased at an average price of $12.16 per share, for a total transaction of $121,600.00. Following the completion of the acquisition, the CFO now directly owns 25,500 shares of the company, valued at approximately $310,080. The acquisition was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink.
NYSE TPVG traded down $0.18 on Tuesday, hitting $12.67. The company had a trading volume of 241,440 shares, compared to an average volume of 177,635. The company has a market capitalization of $393.24 million, a PE ratio of 5.56 and a beta of 1.73. The company’s fifty-day moving average price is $15.13 and its 200-day moving average price is $16.37. TriplePoint Venture Growth BDC Corp. has a 12 month minimum of $11.86 and a 12 month maximum of $19.25.
TriplePoint Venture Growth BDC (NYSE: TPVG – Get a rating) last released its quarterly results on Wednesday, May 4. The investment management firm reported EPS of $0.44 for the quarter, beating the consensus estimate of $0.37 by $0.07. The company posted revenue of $25.93 million in the quarter, versus analyst estimates of $25.54 million. TriplePoint Venture Growth BDC earned a net margin of 75.42% and a return on equity of 10.77%. In the same quarter of the previous year, the company achieved EPS of $0.29. As a group, equity research analysts expect TriplePoint Venture Growth BDC Corp. will post an EPS of 1.59 for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30. Investors of record on Thursday, June 16 will receive a dividend of $0.36. This represents an annualized dividend of $1.44 and a yield of 11.37%. The ex-date of this dividend is Wednesday, June 15. TriplePoint Venture Growth BDC’s payout ratio is currently 63.16%.
A number of research companies have recently commented on TPVG. Wells Fargo & Company raised its price target on TriplePoint Venture Growth BDC shares from $17.50 to $18.00 and gave the stock an “overweight” rating in a Monday, April 25 research note. . StockNews.com assumed coverage of TriplePoint Venture Growth BDC shares in a Thursday, March 31 report. They set a “hold” rating for the company. Two equity research analysts gave the stock a hold rating and three gave the stock a buy rating. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $17.44.
Several institutional investors have recently increased or reduced their stake in the company. Cetera Advisor Networks LLC increased its holdings of TriplePoint Venture Growth BDC shares by 1.6% during the third quarter. Cetera Advisor Networks LLC now owns 32,886 shares of the investment management company worth $521,000 after buying 529 additional shares in the last quarter. Cetera Advisors LLC increased its position in shares of TriplePoint Venture Growth BDC by 3.3% during the third quarter. Cetera Advisors LLC now owns 16,700 shares of the investment management company valued at $265,000 after acquiring an additional 540 shares in the last quarter. B. Riley Wealth Management Inc. increased its position in shares of TriplePoint Venture Growth BDC by 1.8% during the 4th quarter. B. Riley Wealth Management Inc. now owns 46,560 shares of the investment management company valued at $836,000 after acquiring 805 additional shares in the last quarter. Essex Investment Management Co. LLC increased its position in shares of TriplePoint Venture Growth BDC by 1.6% during the 4th quarter. Essex Investment Management Co. LLC now owns 55,728 shares of the investment management company valued at $1,001,000 after acquiring 865 additional shares in the last quarter. Finally, HighTower Advisors LLC increased its position in shares of TriplePoint Venture Growth BDC by 4.7% during the 1st quarter. HighTower Advisors LLC now owns 36,490 shares of the investment management company valued at $637,000 after acquiring an additional 1,650 shares in the last quarter. 22.75% of the shares are held by institutional investors and hedge funds.
About TriplePoint Venture Growth BDC (Get a rating)
TriplePoint Venture Growth BDC Corp. is a business development firm specializing in investments in growth-stage venture capital-backed companies. It also provides debt financing to growth space companies, which includes growth capital loans, secured and customized loans, equipment financing, revolving loans and direct equity investments.
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