TriplePoint Venture Growth BDC Corp (TPVG): Labe’s First Acquisition


James Labe, Chief Executive Officer at TriplePoint Venture Growth BDC Corp (NYSE:TPVG) disclosed today the acquisition of 14,000 shares of common stock through two separate transactions on November 4, 2014. The first transaction involved 6,500 shares at a weighted average price of $14.49, while the remaining the average weighted cost of the remaining 7,500 shares was $14.49. These two transactions are the first reported by Mr. Labe, for the direct ownership of a total of 55,113 shares.

Philadelphia Financial Management of San Francisco LLC, a large shareholder at TriplePoint Venture Growth BDC Corp (NYSE:TPVG) is another insider trading the company’s stock this year.  The institution reported ten acquisitions so far, with prices ranging from $14.99 to $16.23 per unit, and now detents the ownership of 106,285 shares.

TriplePoint Venture Growth BDC Corp (NYSE:TPVG) is a closed-end, non-diversified management investment company with the objective of maximizing its total return to stockholders primarily in the form of current income and, to a lesser extent, capital appreciation.

Disclosure: The author, Jodor Jalit, holds no position in any stocks or funds mentioned.

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