Wall Street analysts expect Triplepoint Venture Growth BDC Corp (NYSE:TPVG) to post earnings per share (EPS) of $0.38 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Triplepoint Venture Growth BDC’s earnings. The lowest EPS estimate is $0.36 and the highest is $0.40. Triplepoint Venture Growth BDC reported earnings of $0.50 per share in the same quarter last year, which would indicate a negative year over year growth rate of 24%. The business is scheduled to announce its next quarterly earnings report on Wednesday, August 7th.
On average, analysts expect that Triplepoint Venture Growth BDC will report full year earnings of $1.61 per share for the current fiscal year, with EPS estimates ranging from $1.51 to $1.66. For the next financial year, analysts forecast that the business will post earnings of $1.74 per share, with EPS estimates ranging from $1.66 to $1.85. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Triplepoint Venture Growth BDC.
Triplepoint Venture Growth BDC (NYSE:TPVG) last announced its quarterly earnings results on Wednesday, May 1st. The investment management company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The business had revenue of $17.49 million for the quarter, compared to analyst estimates of $17.35 million. Triplepoint Venture Growth BDC had a net margin of 57.09% and a return on equity of 12.85%.
Several research firms have recently commented on TPVG. Zacks Investment Research cut shares of Triplepoint Venture Growth BDC from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Compass Point cut shares of Triplepoint Venture Growth BDC from a “buy” rating to a “neutral” rating and set a $14.50 target price for the company. in a research report on Monday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $14.69.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Macquarie Group Ltd. purchased a new position in Triplepoint Venture Growth BDC during the 4th quarter valued at about $44,000. Great West Life Assurance Co. Can lifted its position in Triplepoint Venture Growth BDC by 13.3% during the 4th quarter. Great West Life Assurance Co. Can now owns 6,856 shares of the investment management company’s stock valued at $72,000 after acquiring an additional 806 shares during the period. Deutsche Bank AG lifted its position in Triplepoint Venture Growth BDC by 31.8% during the 4th quarter. Deutsche Bank AG now owns 10,675 shares of the investment management company’s stock valued at $116,000 after acquiring an additional 2,575 shares during the period. Wedbush Securities Inc. purchased a new position in Triplepoint Venture Growth BDC during the 4th quarter valued at about $120,000. Finally, Advisor Group Inc. lifted its position in Triplepoint Venture Growth BDC by 21.0% during the 4th quarter. Advisor Group Inc. now owns 40,179 shares of the investment management company’s stock valued at $438,000 after acquiring an additional 6,978 shares during the period. 34.45% of the stock is owned by institutional investors.
Triplepoint Venture Growth BDC stock traded down $0.02 during trading hours on Thursday, reaching $14.15. The stock had a trading volume of 3,545 shares, compared to its average volume of 182,832. Triplepoint Venture Growth BDC has a 52 week low of $10.25 and a 52 week high of $14.61. The firm has a market cap of $351.88 million, a PE ratio of 8.27, a price-to-earnings-growth ratio of 3.05 and a beta of 1.20.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a $0.36 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.44 annualized dividend and a dividend yield of 10.18%. Triplepoint Venture Growth BDC’s dividend payout ratio is 84.21%.
About Triplepoint Venture Growth BDC
TriplePoint Venture Growth BDC Corp is a business development company specializing investments in growth stage. It also provides debt financing to venture growth space companies which includes growth capital loans, equipment financings, revolving loans, and direct equity investments. The fund seeks to invest in e-commerce, entertainment, technology and life sciences sector.
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