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| Top Buys by Top Brass: Chief Financial Officer Mathieu's $133.4K Bet on TPVGBy Dividend Channel Staff, Tuesday, January 24, 10:15 AM ET
A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $133.4K by Christopher M. Mathieu, Chief Financial Officer at TriplePoint Venture Growth BDC (NYSE:TPVG). Mathieu bets big on TPVG:
Mathieu's average cost works out to $13.34/share. In trading on Tuesday, bargain hunters could buy shares of TriplePoint Venture Growth BDC (NYSE:TPVG) and achieve a cost basis lower than Mathieu, with shares changing hands as low as $11.63 per share. It should be noted that Mathieu has collected $0.83/share in dividends since the time of their purchase, so they are currently down 6.6% on their purchase from a total return basis. Shares of TriplePoint Venture Growth BDC were changing hands at $11.70 at last check, trading trading flat on Tuesday. The chart below shows the one year performance of TPVG shares, versus its 200 day moving average:
Looking at the chart above, TPVG's low point in its 52 week range is $10.2701 per share, with $17.9795 as the 52 week high point — that compares with a last trade of $11.70. The current annualized dividend paid by TriplePoint Venture Growth BDC is $1.48/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 12/14/2022. Below is a long-term dividend history chart for TPVG, which can be of good help in judging whether the most recent dividend with approx. 12.6% annualized yield is likely to continue.
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