TriplePoint Venture Growth BDC (TPVG) to Release Quarterly Earnings on Wednesday

TriplePoint Venture Growth BDC (NYSE:TPVGGet Rating) will announce its earnings results after the market closes on Wednesday, May 4th. Analysts expect the company to announce earnings of $0.37 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

TriplePoint Venture Growth BDC (NYSE:TPVGGet Rating) last announced its quarterly earnings data on Wednesday, March 2nd. The investment management company reported $0.42 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.07. TriplePoint Venture Growth BDC had a return on equity of 9.84% and a net margin of 87.60%. The business had revenue of $25.87 million during the quarter, compared to the consensus estimate of $23.46 million. During the same period in the previous year, the company posted $0.39 earnings per share. On average, analysts expect TriplePoint Venture Growth BDC to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of TriplePoint Venture Growth BDC stock opened at $16.07 on Wednesday. TriplePoint Venture Growth BDC has a one year low of $14.11 and a one year high of $19.25. The company has a market cap of $498.35 million, a PE ratio of 6.48, a P/E/G ratio of 2.88 and a beta of 1.77. The business has a 50-day simple moving average of $17.01 and a 200-day simple moving average of $17.28.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Tuesday, March 15th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 8.96%. The ex-dividend date of this dividend was Monday, March 14th. TriplePoint Venture Growth BDC’s dividend payout ratio is presently 58.06%.

A number of equities analysts recently issued reports on the company. Zacks Investment Research downgraded TriplePoint Venture Growth BDC from a “buy” rating to a “hold” rating in a report on Thursday, April 7th. Wells Fargo & Company upped their price target on TriplePoint Venture Growth BDC from $17.50 to $18.00 and gave the company an “overweight” rating in a report on Monday. Finally, StockNews.com assumed coverage on TriplePoint Venture Growth BDC in a report on Thursday, March 31st. They issued a “hold” rating for the company. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $17.75.

A number of hedge funds and other institutional investors have recently bought and sold shares of TPVG. MML Investors Services LLC acquired a new position in TriplePoint Venture Growth BDC in the fourth quarter valued at $207,000. LPL Financial LLC increased its stake in TriplePoint Venture Growth BDC by 8.8% in the third quarter. LPL Financial LLC now owns 41,979 shares of the investment management company’s stock valued at $665,000 after purchasing an additional 3,383 shares during the period. Invesco Ltd. acquired a new position in TriplePoint Venture Growth BDC in the fourth quarter valued at $706,000. Morgan Stanley increased its stake in TriplePoint Venture Growth BDC by 2.0% in the second quarter. Morgan Stanley now owns 202,319 shares of the investment management company’s stock valued at $3,074,000 after purchasing an additional 3,983 shares during the period. Finally, Legal & General Group Plc increased its stake in TriplePoint Venture Growth BDC by 1.2% in the fourth quarter. Legal & General Group Plc now owns 187,063 shares of the investment management company’s stock valued at $3,355,000 after purchasing an additional 2,246 shares during the period. Institutional investors own 24.94% of the company’s stock.

TriplePoint Venture Growth BDC Company Profile (Get Rating)

TriplePoint Venture Growth BDC Corp. is a business development company specializing investments in venture capital-backed companies at the growth stage investments. It also provides debt financing to venture growth space companies which includes growth capital loans, secured and customized loans, equipment financings, revolving loans and direct equity investments.

Further Reading

Earnings History for TriplePoint Venture Growth BDC (NYSE:TPVG)

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