Brokerages Anticipate Triplepoint Venture Growth BDC Corp (TPVG) Will Post Earnings of $0.35 Per Share

Brokerages expect Triplepoint Venture Growth BDC Corp (NYSE:TPVG) to report earnings of $0.35 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Triplepoint Venture Growth BDC’s earnings, with the lowest EPS estimate coming in at $0.32 and the highest estimate coming in at $0.38. Triplepoint Venture Growth BDC posted earnings per share of $0.30 during the same quarter last year, which would indicate a positive year over year growth rate of 16.7%. The company is scheduled to report its next earnings report on Monday, March 11th.

On average, analysts expect that Triplepoint Venture Growth BDC will report full-year earnings of $1.64 per share for the current financial year, with EPS estimates ranging from $1.61 to $1.67. For the next fiscal year, analysts expect that the company will report earnings of $1.61 per share, with EPS estimates ranging from $1.45 to $1.72. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that follow Triplepoint Venture Growth BDC.

Triplepoint Venture Growth BDC (NYSE:TPVG) last released its earnings results on Wednesday, October 31st. The investment management company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.42 by $0.04. Triplepoint Venture Growth BDC had a return on equity of 11.43% and a net margin of 53.66%. The business had revenue of $17.68 million during the quarter, compared to analysts’ expectations of $15.47 million.

TPVG has been the subject of a number of research reports. Zacks Investment Research raised Triplepoint Venture Growth BDC from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Saturday, November 3rd. ValuEngine raised Triplepoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research note on Tuesday, October 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Triplepoint Venture Growth BDC presently has an average rating of “Hold” and an average target price of $14.06.

NYSE TPVG traded down $0.13 during trading hours on Tuesday, hitting $12.26. 106,900 shares of the company’s stock were exchanged, compared to its average volume of 116,657. Triplepoint Venture Growth BDC has a 1-year low of $10.25 and a 1-year high of $13.95. The stock has a market capitalization of $306.37 million, a P/E ratio of 7.62, a P/E/G ratio of 2.57 and a beta of 1.12.

The company also recently disclosed a special dividend, which was paid on Friday, December 28th. Shareholders of record on Thursday, December 20th were paid a $0.10 dividend. The ex-dividend date was Wednesday, December 19th. This represents a yield of 11.83%. Triplepoint Venture Growth BDC’s dividend payout ratio (DPR) is presently 89.44%.

In other news, President Sajal Srivastava acquired 7,034 shares of Triplepoint Venture Growth BDC stock in a transaction on Thursday, December 20th. The stock was purchased at an average price of $10.43 per share, with a total value of $73,364.62. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.84% of the company’s stock.

A number of institutional investors have recently made changes to their positions in TPVG. Putnam Investments LLC grew its stake in Triplepoint Venture Growth BDC by 68.7% in the third quarter. Putnam Investments LLC now owns 351,683 shares of the investment management company’s stock valued at $4,780,000 after acquiring an additional 143,230 shares during the period. WESPAC Advisors LLC purchased a new position in shares of Triplepoint Venture Growth BDC during the third quarter valued at approximately $1,119,000. Resource America Inc. purchased a new position in shares of Triplepoint Venture Growth BDC during the third quarter valued at approximately $843,000. Marshall Wace LLP purchased a new position in shares of Triplepoint Venture Growth BDC during the third quarter valued at approximately $722,000. Finally, Alliancebernstein L.P. boosted its position in shares of Triplepoint Venture Growth BDC by 27.7% during the third quarter. Alliancebernstein L.P. now owns 227,550 shares of the investment management company’s stock valued at $3,092,000 after buying an additional 49,329 shares during the last quarter. 32.96% of the stock is owned by hedge funds and other institutional investors.

Triplepoint Venture Growth BDC Company Profile

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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