Wall Street brokerages expect that TriplePoint Venture Growth BDC Corp. (NYSE:TPVG – Get Rating) will post $24.48 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for TriplePoint Venture Growth BDC’s earnings, with the lowest sales estimate coming in at $23.49 million and the highest estimate coming in at $25.46 million. TriplePoint Venture Growth BDC posted sales of $20.32 million in the same quarter last year, which would indicate a positive year over year growth rate of 20.5%. The business is scheduled to report its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that TriplePoint Venture Growth BDC will report full year sales of $105.75 million for the current year, with estimates ranging from $100.09 million to $111.41 million. For the next year, analysts expect that the firm will post sales of $116.96 million, with estimates ranging from $106.32 million to $127.59 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for TriplePoint Venture Growth BDC.
TriplePoint Venture Growth BDC (NYSE:TPVG – Get Rating) last announced its quarterly earnings results on Wednesday, May 4th. The investment management company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.06. TriplePoint Venture Growth BDC had a net margin of 75.42% and a return on equity of 10.77%. During the same quarter in the prior year, the company posted $0.29 earnings per share.
Several institutional investors have recently added to or reduced their stakes in TPVG. Ahrens Investment Partners LLC purchased a new stake in TriplePoint Venture Growth BDC in the fourth quarter valued at $36,000. Lazard Asset Management LLC acquired a new position in TriplePoint Venture Growth BDC in the first quarter valued at $39,000. Geneos Wealth Management Inc. increased its stake in shares of TriplePoint Venture Growth BDC by 101.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 5,841 shares of the investment management company’s stock worth $104,000 after acquiring an additional 2,943 shares during the period. Mackenzie Financial Corp acquired a new position in shares of TriplePoint Venture Growth BDC during the third quarter worth about $158,000. Finally, Summitry LLC acquired a new position in shares of TriplePoint Venture Growth BDC during the fourth quarter worth about $180,000. 22.75% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE TPVG opened at $13.93 on Friday. The company has a 50 day simple moving average of $16.46 and a 200-day simple moving average of $17.03. The company has a market capitalization of $432.35 million, a P/E ratio of 6.11 and a beta of 1.73. TriplePoint Venture Growth BDC has a 1 year low of $13.75 and a 1 year high of $19.25.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Thursday, June 16th will be given a $0.36 dividend. The ex-dividend date is Wednesday, June 15th. This represents a $1.44 annualized dividend and a yield of 10.34%. TriplePoint Venture Growth BDC’s dividend payout ratio is presently 63.16%.
About TriplePoint Venture Growth BDC (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.
- Get a free copy of the StockNews.com research report on TriplePoint Venture Growth BDC (TPVG)
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