Zacks: Analysts Expect TriplePoint Venture Growth BDC Corp (TPVG) Will Announce Quarterly Sales of $12.85 Million

Equities research analysts forecast that TriplePoint Venture Growth BDC Corp (NYSE:TPVG) will report sales of $12.85 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for TriplePoint Venture Growth BDC’s earnings, with the lowest sales estimate coming in at $12.80 million and the highest estimate coming in at $12.89 million. TriplePoint Venture Growth BDC posted sales of $14.30 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 10.1%. The business is expected to report its next earnings report on Tuesday, May 8th.

On average, analysts expect that TriplePoint Venture Growth BDC will report full year sales of $12.85 million for the current year, with estimates ranging from $54.32 million to $62.00 million. For the next financial year, analysts expect that the company will report sales of $63.62 million per share, with estimates ranging from $57.24 million to $70.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow TriplePoint Venture Growth BDC.

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TriplePoint Venture Growth BDC (NYSE:TPVG) last announced its quarterly earnings data on Monday, March 12th. The investment management company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). The company had revenue of $11.11 million during the quarter, compared to analyst estimates of $11.78 million. TriplePoint Venture Growth BDC had a return on equity of 11.94% and a net margin of 37.33%.

Several equities research analysts have recently issued reports on the stock. Ladenburg Thalmann assumed coverage on shares of TriplePoint Venture Growth BDC in a research note on Tuesday, December 12th. They issued a “neutral” rating on the stock. ValuEngine downgraded shares of TriplePoint Venture Growth BDC from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research upgraded shares of TriplePoint Venture Growth BDC from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Thursday, March 15th.

Shares of TriplePoint Venture Growth BDC stock opened at $11.95 on Monday. The firm has a market capitalization of $211.65, a PE ratio of 7.42, a P/E/G ratio of 0.82 and a beta of 1.20. TriplePoint Venture Growth BDC has a 1 year low of $11.11 and a 1 year high of $14.41.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 6th. Stockholders of record on Friday, March 23rd were paid a $0.36 dividend. The ex-dividend date of this dividend was Thursday, March 22nd. This represents a $1.44 annualized dividend and a dividend yield of 12.05%. TriplePoint Venture Growth BDC’s payout ratio is 89.44%.

Several institutional investors have recently made changes to their positions in TPVG. Nationwide Fund Advisors lifted its position in TriplePoint Venture Growth BDC by 23.4% in the third quarter. Nationwide Fund Advisors now owns 37,892 shares of the investment management company’s stock worth $508,000 after purchasing an additional 7,173 shares during the period. Wells Fargo & Company MN lifted its position in TriplePoint Venture Growth BDC by 9.1% in the third quarter. Wells Fargo & Company MN now owns 428,472 shares of the investment management company’s stock worth $5,742,000 after purchasing an additional 35,912 shares during the period. PVG Asset Management Corp lifted its position in TriplePoint Venture Growth BDC by 3.7% in the third quarter. PVG Asset Management Corp now owns 107,548 shares of the investment management company’s stock worth $1,679,000 after purchasing an additional 3,880 shares during the period. Delphi Management Inc. MA lifted its position in TriplePoint Venture Growth BDC by 5.5% in the third quarter. Delphi Management Inc. MA now owns 180,382 shares of the investment management company’s stock worth $2,417,000 after purchasing an additional 9,464 shares during the period. Finally, Bank of Montreal Can lifted its position in TriplePoint Venture Growth BDC by 13.6% in the fourth quarter. Bank of Montreal Can now owns 217,800 shares of the investment management company’s stock worth $2,764,000 after purchasing an additional 26,000 shares during the period. Institutional investors and hedge funds own 31.89% of the company’s stock.

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About TriplePoint Venture Growth BDC

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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