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Labe buys TriplePoint Venture Growth (TPVG) shares worth $733k

Published 02/09/2025, 22:24
Labe buys TriplePoint Venture Growth (TPVG) shares worth $733k
TPVG
0.90%

TriplePoint Venture Growth BDC Corp. (NASDAQ:TPVG) CEO James Labe reported purchasing shares of the company’s common stock in two transactions. On August 28, 2025, Labe acquired 44,630 shares at $6.636, and on August 29, 2025, he purchased 65,000 shares at $6.7255. The total value of these purchases was $733,322. The insider buying comes as TPVG trades at an attractive P/E ratio of 6.5 and offers a substantial 13.57% dividend yield. InvestingPro analysis shows the company has maintained dividend payments for 12 consecutive years.

Following these transactions, Labe indirectly owns 488,435 shares of TriplePoint Venture Growth BDC Corp. through TriplePoint Capital LLC, and 250 shares are held in children’s custodian trust accounts. Labe also directly owns 234,001.703 shares, which includes shares received through the company’s dividend reinvestment plan. With a market capitalization of $272.19 million and an overall Financial Health score of GOOD according to InvestingPro, investors can access detailed analysis and additional insights through the comprehensive Pro Research Report available on the platform.

In other recent news, TriplePoint Venture Growth BDC Corp. reported its second-quarter earnings for 2025, missing expectations on both earnings per share (EPS) and revenue. The company posted an EPS of $0.28, which was below the forecasted $0.2962, marking a -5.47% surprise. Additionally, revenue came in at $23.28 million, falling short of the anticipated $24.19 million. These results indicate a cautious investor response following the announcement. There were no changes in the stock price reported in relation to these earnings. Analyst firms have not provided any upgrades or downgrades following this earnings release. Investors are likely keeping a close eye on TriplePoint Venture’s future performance amid these recent developments.

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