Triplepoint Venture Growth BDC Corp (TPVG) Expected to Announce Earnings of $0.37 Per Share

Equities research analysts expect Triplepoint Venture Growth BDC Corp (NYSE:TPVG) to announce earnings of $0.37 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Triplepoint Venture Growth BDC’s earnings. The lowest EPS estimate is $0.35 and the highest is $0.41. Triplepoint Venture Growth BDC reported earnings per share of $0.34 during the same quarter last year, which indicates a positive year-over-year growth rate of 8.8%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, May 1st.

According to Zacks, analysts expect that Triplepoint Venture Growth BDC will report full year earnings of $1.60 per share for the current year, with EPS estimates ranging from $1.52 to $1.70. For the next financial year, analysts anticipate that the business will report earnings of $1.70 per share, with EPS estimates ranging from $1.68 to $1.71. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Triplepoint Venture Growth BDC.

Triplepoint Venture Growth BDC (NYSE:TPVG) last released its earnings results on Wednesday, March 6th. The investment management company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.06. Triplepoint Venture Growth BDC had a return on equity of 12.21% and a net margin of 56.56%. The company had revenue of $17.80 million for the quarter, compared to analysts’ expectations of $16.01 million.

Separately, Zacks Investment Research upgraded Triplepoint Venture Growth BDC from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Thursday, March 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $14.56.

NYSE TPVG opened at $13.97 on Wednesday. Triplepoint Venture Growth BDC has a 12-month low of $10.25 and a 12-month high of $14.04. The company has a market cap of $344.69 million, a price-to-earnings ratio of 8.17, a price-to-earnings-growth ratio of 2.91 and a beta of 1.22.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Wednesday, March 20th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 10.31%. The ex-dividend date was Tuesday, March 19th. Triplepoint Venture Growth BDC’s payout ratio is 84.21%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. acquired a new position in Triplepoint Venture Growth BDC during the 4th quarter worth approximately $44,000. Great West Life Assurance Co. Can grew its holdings in shares of Triplepoint Venture Growth BDC by 13.3% in the 4th quarter. Great West Life Assurance Co. Can now owns 6,856 shares of the investment management company’s stock worth $72,000 after acquiring an additional 806 shares during the period. Deutsche Bank AG grew its holdings in shares of Triplepoint Venture Growth BDC by 31.8% in the 4th quarter. Deutsche Bank AG now owns 10,675 shares of the investment management company’s stock worth $116,000 after acquiring an additional 2,575 shares during the period. Wedbush Securities Inc. acquired a new stake in shares of Triplepoint Venture Growth BDC in the 4th quarter worth approximately $120,000. Finally, Advisor Group Inc. grew its holdings in shares of Triplepoint Venture Growth BDC by 21.0% in the 4th quarter. Advisor Group Inc. now owns 40,179 shares of the investment management company’s stock worth $438,000 after acquiring an additional 6,978 shares during the period. Institutional investors own 34.60% of the company’s stock.

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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