TriplePoint Venture Growth BDC Corp. (TPVG) Expected to Post Earnings of $0.28 Per Share

Wall Street analysts forecast that TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) will report $0.28 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for TriplePoint Venture Growth BDC Corp.’s earnings, with the lowest EPS estimate coming in at $0.27 and the highest estimate coming in at $0.28. TriplePoint Venture Growth BDC Corp. reported earnings per share of $0.40 in the same quarter last year, which indicates a negative year over year growth rate of 30%. The business is scheduled to issue its next quarterly earnings results on Monday, November 6th.

According to Zacks, analysts expect that TriplePoint Venture Growth BDC Corp. will report full year earnings of $1.69 per share for the current financial year, with EPS estimates ranging from $1.65 to $1.73. For the next fiscal year, analysts expect that the company will report earnings of $1.46 per share, with EPS estimates ranging from $1.44 to $1.47. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for TriplePoint Venture Growth BDC Corp..

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) last released its earnings results on Tuesday, August 8th. The investment management company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.32 by $0.23. TriplePoint Venture Growth BDC Corp. had a return on equity of 13.05% and a net margin of 56.60%. The business had revenue of $15.68 million during the quarter, compared to analysts’ expectations of $11.49 million.

A number of research analysts have commented on TPVG shares. ValuEngine raised TriplePoint Venture Growth BDC Corp. from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 10th. Compass Point lowered TriplePoint Venture Growth BDC Corp. from a “buy” rating to a “neutral” rating and lowered their price target for the company from $14.41 to $14.00 in a research report on Tuesday, August 29th.

TriplePoint Venture Growth BDC Corp. (TPVG) traded up 1.16% during midday trading on Tuesday, reaching $13.97. The company had a trading volume of 139,873 shares. TriplePoint Venture Growth BDC Corp. has a one year low of $10.25 and a one year high of $14.41. The company has a 50-day moving average price of $13.45 and a 200-day moving average price of $13.47.

In other news, President Sajal Srivastava bought 44,313 shares of TriplePoint Venture Growth BDC Corp. stock in a transaction on Wednesday, October 25th. The shares were purchased at an average price of $13.65 per share, for a total transaction of $604,872.45. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Andrew Olson bought 7,386 shares of TriplePoint Venture Growth BDC Corp. stock in a transaction on Wednesday, October 25th. The shares were purchased at an average price of $13.65 per share, for a total transaction of $100,818.90. Following the acquisition, the chief financial officer now directly owns 7,386 shares in the company, valued at approximately $100,818.90. The disclosure for this purchase can be found here. Insiders have acquired a total of 73,855 shares of company stock valued at $1,008,121 in the last ninety days. 1.31% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP grew its holdings in shares of TriplePoint Venture Growth BDC Corp. by 35.0% during the 2nd quarter. GSA Capital Partners LLP now owns 15,800 shares of the investment management company’s stock worth $210,000 after acquiring an additional 4,100 shares during the period. Wells Fargo & Company MN grew its holdings in shares of TriplePoint Venture Growth BDC Corp. by 1.1% during the 2nd quarter. Wells Fargo & Company MN now owns 392,560 shares of the investment management company’s stock worth $5,225,000 after acquiring an additional 4,121 shares during the period. Royal Bank of Canada grew its holdings in shares of TriplePoint Venture Growth BDC Corp. by 12.0% during the 2nd quarter. Royal Bank of Canada now owns 48,471 shares of the investment management company’s stock worth $645,000 after acquiring an additional 5,195 shares during the period. Nationwide Fund Advisors grew its holdings in shares of TriplePoint Venture Growth BDC Corp. by 23.4% during the 3rd quarter. Nationwide Fund Advisors now owns 37,892 shares of the investment management company’s stock worth $508,000 after acquiring an additional 7,173 shares during the period. Finally, Advisory Services Network LLC grew its holdings in shares of TriplePoint Venture Growth BDC Corp. by 3,082.2% during the 2nd quarter. Advisory Services Network LLC now owns 8,751 shares of the investment management company’s stock worth $116,000 after acquiring an additional 8,476 shares during the period. Hedge funds and other institutional investors own 38.20% of the company’s stock.

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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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