Brokerages expect TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) to report $11.49 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for TriplePoint Venture Growth BDC Corp.’s earnings. The highest sales estimate is $11.50 million and the lowest is $11.48 million. TriplePoint Venture Growth BDC Corp. posted sales of $9.41 million in the same quarter last year, which would indicate a positive year over year growth rate of 22.1%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, August 8th.
According to Zacks, analysts expect that TriplePoint Venture Growth BDC Corp. will report full-year sales of $11.49 million for the current year, with estimates ranging from $50.00 million to $50.58 million. For the next fiscal year, analysts anticipate that the company will report sales of $51.82 million per share, with estimates ranging from $51.64 million to $52.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow TriplePoint Venture Growth BDC Corp..
TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) last issued its earnings results on Tuesday, May 9th. The investment management company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.03. TriplePoint Venture Growth BDC Corp. had a net margin of 47.29% and a return on equity of 11.31%. The business had revenue of $14.30 million for the quarter, compared to the consensus estimate of $14.49 million.
A number of research firms recently commented on TPVG. Zacks Investment Research downgraded TriplePoint Venture Growth BDC Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, May 4th. ValuEngine downgraded TriplePoint Venture Growth BDC Corp. from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 23rd.
In other TriplePoint Venture Growth BDC Corp. news, President Sajal Srivastava bought 8,000 shares of the stock in a transaction on Wednesday, May 31st. The stock was purchased at an average price of $13.10 per share, with a total value of $104,800.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.31% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Marshall Wace North America L.P. acquired a new position in shares of TriplePoint Venture Growth BDC Corp. during the second quarter valued at approximately $565,000. SG Americas Securities LLC acquired a new position in shares of TriplePoint Venture Growth BDC Corp. during the second quarter valued at approximately $354,000. Essex Investment Management Co. LLC increased its position in shares of TriplePoint Venture Growth BDC Corp. by 116.2% in 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 buying an additional 41,028 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of TriplePoint Venture Growth BDC Corp. during the second quarter valued at approximately $2,542,000. Finally, PVG Asset Management Corp acquired a new position in shares of TriplePoint Venture Growth BDC Corp. during the first quarter valued at approximately $1,715,000. 42.61% of the stock is owned by hedge funds and other institutional investors.
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Shares of TriplePoint Venture Growth BDC Corp. (TPVG) traded down 0.70% during trading on Tuesday, hitting $12.78. 74,548 shares of the stock were exchanged. The stock’s 50 day moving average is $13.20 and its 200-day moving average is $13.44. TriplePoint Venture Growth BDC Corp. has a 12-month low of $10.25 and a 12-month high of $14.41.
TriplePoint Venture Growth BDC Corp. Company Profile
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.
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