$11.49 Million in Sales Expected for TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) This Quarter

Wall Street analysts expect TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) to report $11.49 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for TriplePoint Venture Growth BDC Corp.’s earnings, with the lowest sales estimate coming in at $11.48 million and the highest estimate coming in at $11.50 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 business is expected to announce its next earnings report on Monday, August 14th.

According to Zacks, analysts expect that TriplePoint Venture Growth BDC Corp. will report full year sales of $11.49 million for the current fiscal year, with estimates ranging from $50.00 million to $50.58 million. For the next year, analysts anticipate that the firm will report sales of $51.82 million per share, with estimates ranging from $51.64 million to $52.00 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for TriplePoint Venture Growth BDC Corp..

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) last issued its quarterly earnings data on Tuesday, May 9th. The investment management company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.47 by $0.03. TriplePoint Venture Growth BDC Corp. had a return on equity of 11.31% and a net margin of 47.29%. The firm had revenue of $14.30 million during the quarter, compared to analyst estimates of $14.49 million.

A number of brokerages recently commented on TPVG. Zacks Investment Research downgraded shares of TriplePoint Venture Growth BDC Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, May 4th. ValuEngine downgraded shares of TriplePoint Venture Growth BDC Corp. from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 23rd.

In other news, President Sajal Srivastava bought 8,000 shares of the stock in a transaction that occurred on Wednesday, May 31st. The stock was purchased at an average price of $13.10 per share, for a total transaction of $104,800.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.31% of the company’s stock.

Several institutional investors have recently modified their holdings of TPVG. 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 worth $1,016,000 after buying an additional 41,028 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of TriplePoint Venture Growth BDC Corp. during the second quarter worth approximately $2,542,000. PVG Asset Management Corp purchased a new position in shares of TriplePoint Venture Growth BDC Corp. during the first quarter worth approximately $1,715,000. UBS Group AG increased its position in shares of TriplePoint Venture Growth BDC Corp. by 11.4% in the first quarter. UBS Group AG now owns 485,854 shares of the investment management company’s stock worth $6,772,000 after buying an additional 49,816 shares during the last quarter. Finally, Ares Management LLC increased its position in shares of TriplePoint Venture Growth BDC Corp. by 5.3% in the first quarter. Ares Management LLC now owns 507,169 shares of the investment management company’s stock worth $7,070,000 after buying an additional 25,500 shares during the last quarter. Hedge funds and other institutional investors own 42.61% of the company’s stock.

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Shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) opened at 12.81 on Tuesday. TriplePoint Venture Growth BDC Corp. has a one year low of $10.25 and a one year high of $14.41. The stock’s 50 day moving average price is $13.22 and its 200 day moving average price is $13.44.

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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