Zacks: Analysts Anticipate TriplePoint Venture Growth BDC Corp. (TPVG) to Post $0.32 EPS

Wall Street analysts expect TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) to report earnings per share of $0.32 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for TriplePoint Venture Growth BDC Corp.’s earnings. The highest EPS estimate is $0.34 and the lowest is $0.30. TriplePoint Venture Growth BDC Corp. posted earnings of $0.30 per share in the same quarter last year, which would suggest a positive year over year growth rate of 6.7%. The business is scheduled to announce its next earnings report on Monday, March 12th.

According to Zacks, analysts expect that TriplePoint Venture Growth BDC Corp. will report full year earnings of $1.64 per share for the current fiscal year, with EPS estimates ranging from $1.62 to $1.66. For the next fiscal year, analysts anticipate that the company will post earnings of $1.43 per share, with EPS estimates ranging from $1.42 to $1.44. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover TriplePoint Venture Growth BDC Corp..

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) last released its earnings results on Monday, November 6th. The investment management company reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.01). TriplePoint Venture Growth BDC Corp. had a return on equity of 12.05% and a net margin of 43.72%. The firm had revenue of $10.42 million during the quarter, compared to analysts’ expectations of $11.22 million.

A number of analysts have issued reports on the company. ValuEngine downgraded TriplePoint Venture Growth BDC Corp. from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 16th. Zacks Investment Research cut TriplePoint Venture Growth BDC Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Finally, Compass Point cut TriplePoint Venture Growth BDC Corp. from a “buy” rating to a “neutral” rating and reduced their price target for the company from $14.41 to $14.00 in a research report on Tuesday, August 29th.

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Shares of TriplePoint Venture Growth BDC Corp. (TPVG) opened at $13.46 on Tuesday. TriplePoint Venture Growth BDC Corp. has a 52-week low of $11.66 and a 52-week high of $14.41. The stock has a market capitalization of $236.44, a price-to-earnings ratio of 8.24, a price-to-earnings-growth ratio of 0.81 and a beta of 1.39.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 10.70%. The ex-dividend date of this dividend is Thursday, November 16th. TriplePoint Venture Growth BDC Corp.’s dividend payout ratio (DPR) is presently 101.41%.

In other TriplePoint Venture Growth BDC Corp. news, CFO Andrew Olson acquired 7,386 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The stock was bought at an average price of $13.65 per share, with a total value of $100,818.90. Following the completion of the purchase, the chief financial officer now owns 7,386 shares of the company’s stock, valued at $100,818.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James Labe acquired 22,156 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The shares were acquired at an average cost of $13.65 per share, with a total value of $302,429.40. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 73,855 shares of company stock valued at $1,008,121. 1.31% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. Delphi Management Inc. MA boosted its stake in TriplePoint Venture Growth BDC Corp. by 5.5% during the third quarter. Delphi Management Inc. MA now owns 180,382 shares of the investment management company’s stock valued at $2,417,000 after buying an additional 9,464 shares during the period. PVG Asset Management Corp boosted its stake in TriplePoint Venture Growth BDC Corp. by 3.7% during the third quarter. PVG Asset Management Corp now owns 107,548 shares of the investment management company’s stock valued at $1,679,000 after buying an additional 3,880 shares during the period. Wells Fargo & Company MN boosted its stake in TriplePoint Venture Growth BDC Corp. by 9.1% during the third quarter. Wells Fargo & Company MN now owns 428,472 shares of the investment management company’s stock valued at $5,742,000 after buying an additional 35,912 shares during the period. Dynamic Technology Lab Private Ltd boosted its stake in TriplePoint Venture Growth BDC Corp. by 41.3% during the third quarter. Dynamic Technology Lab Private Ltd now owns 40,384 shares of the investment management company’s stock valued at $541,000 after buying an additional 11,809 shares during the period. Finally, Nationwide Fund Advisors boosted its stake in TriplePoint Venture Growth BDC Corp. by 23.4% during the third quarter. Nationwide Fund Advisors now owns 37,892 shares of the investment management company’s stock valued at $508,000 after buying an additional 7,173 shares during the period. 33.49% of the stock is owned by institutional investors.

About TriplePoint Venture Growth BDC Corp.

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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