Today, a Director at TriplePoint Venture Growth (TPVG), Stephen Cassani, bought shares of TPVG for $15.02K.
Following this transaction Stephen Cassani’s holding in the company was increased by 240% to a total of $21.27K. Following Stephen Cassani’s last TPVG Buy transaction on December 24, 2014, the stock climbed by 2.9%.
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Based on TriplePoint Venture Growth’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $18.58 million and quarterly net profit of $10.91 million. In comparison, last year the company earned revenue of $11.46 million and had a net profit of $3.68 million. TPVG’s market cap is $309.3M and the company has a P/E ratio of 7.63. Currently, TriplePoint Venture Growth has an average volume of 121.6K.
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TriplePoint Venture Growth BDC Corp. is a business development company that seeks investment opportunities in companies located primarily in the US, UK, and Israel. The fund focuses on companies operating in the fields of biofuels, business applications software, wireless communications equipment, e-commerce, clothing & accessories, conferencing equipment & services, personal goods, financial institutions & services, entertainment, mixed retailing, and healthcare services. It provides financing in the form of growth capital loans with an investment size ranging from $5 million to $50 million, equipment financings with an investment ranging from $5 million to $25 million, revolving loans with an investment ranging from $1 million to $25 million, direct equity investment transactions with an investment size ranging from $0.1 to $5 million, and warrants.
