TriplePoint Venture Growth BDC Corp. (TPVG) CFO Andrew Olson Acquires 7,386 Shares

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) CFO Andrew Olson acquired 7,386 shares of the stock in a transaction that occurred on Wednesday, October 25th. The shares were bought at an average price of $13.65 per share, with a total value of $100,818.90. Following the completion of the purchase, the chief financial officer now owns 7,386 shares in the company, valued at $100,818.90. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

TriplePoint Venture Growth BDC Corp. (NYSE TPVG) traded up $0.06 during mid-day trading on Friday, reaching $13.93. The company had a trading volume of 61,300 shares, compared to its average volume of 90,681. The firm has a market cap of $246.71, a PE ratio of 8.60, a price-to-earnings-growth ratio of 0.85 and a beta of 1.35. TriplePoint Venture Growth BDC Corp. has a 12-month low of $11.41 and a 12-month high of $14.41.

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) last posted its quarterly earnings results on Monday, November 6th. The investment management company reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.01). The company had revenue of $10.42 million during the quarter, compared to the consensus estimate of $11.22 million. TriplePoint Venture Growth BDC Corp. had a return on equity of 12.05% and a net margin of 43.72%. equities analysts expect that TriplePoint Venture Growth BDC Corp. will post 1.64 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 10.34%. The ex-dividend date of this dividend is Thursday, November 16th. TriplePoint Venture Growth BDC Corp.’s dividend payout ratio (DPR) is presently 102.13%.

COPYRIGHT VIOLATION NOTICE: “TriplePoint Venture Growth BDC Corp. (TPVG) CFO Andrew Olson Acquires 7,386 Shares” was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this story can be accessed at https://www.dispatchtribunal.com/2017/11/12/triplepoint-venture-growth-bdc-corp-tpvg-cfo-acquires-100818-90-in-stock.html.

A number of equities research analysts have recently issued reports on the company. ValuEngine raised TriplePoint Venture Growth BDC Corp. from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 10th. Zacks Investment Research lowered TriplePoint Venture Growth BDC Corp. from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Compass Point downgraded TriplePoint Venture Growth BDC Corp. from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $14.41 to $14.00 in a research note on Tuesday, August 29th.

Several large investors have recently modified their holdings of TPVG. Bank of Montreal Can bought a new stake in shares of TriplePoint Venture Growth BDC Corp. during the second quarter worth approximately $2,542,000. Delphi Management Inc. MA boosted its stake in shares of TriplePoint Venture Growth BDC Corp. by 48.9% in the second quarter. Delphi Management Inc. MA now owns 170,918 shares of the investment management company’s stock valued at $2,275,000 after buying an additional 56,121 shares during the period. Marshall Wace North America L.P. acquired a new position in TriplePoint Venture Growth BDC Corp. during the second quarter valued at approximately $565,000. Essex Investment Management Co. LLC raised its position in TriplePoint Venture Growth BDC Corp. by 116.2% during the second quarter. Essex Investment Management Co. LLC now owns 76,328 shares of the investment management company’s stock valued at $1,016,000 after purchasing an additional 41,028 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in TriplePoint Venture Growth BDC Corp. by 9.1% during the third quarter. Wells Fargo & Company MN now owns 428,472 shares of the investment management company’s stock valued at $5,742,000 after purchasing an additional 35,912 shares in the last quarter. Institutional investors own 38.19% of the company’s stock.

About TriplePoint Venture Growth BDC Corp.

TriplePoint Venture Growth BDC Corp. is a closed-end, non-diversified management investment company. The Company’s investment objective is to maximize its total return to stockholders primarily in the form of current income and, to a lesser extent, capital appreciation by primarily lending with warrants to venture growth stage companies focused in technology, life sciences and other high growth industries, which are backed by TriplePoint Capital LLC’s (TPC) select group of venture capital investors.

Receive News & Ratings for TriplePoint Venture Growth BDC Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TriplePoint Venture Growth BDC Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply