TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) is expected to report quarterly sales of $25.54 million
Analysts expect TriplePoint Venture Growth BDC Corp. (NYSE:TPVG – Get a rating) will announce revenue of $25.54 million for the current quarter, according to Zacks. Two analysts provided earnings estimates for TriplePoint Venture Growth BDC, with the lowest sales estimate of $25.43 million and the highest estimate of $25.66 million. TriplePoint Venture Growth BDC recorded sales of $19.97 million in the same quarter last year, indicating a positive year-over-year growth rate of 27.9%. The company is expected to release its next results after the market closes on Monday, January 1.
On average, analysts expect TriplePoint Venture Growth BDC to report annual revenue of $106.02 million for the current fiscal year, with estimates ranging from $103.27 million to 108, $77 million. For the next fiscal year, analysts expect the company to record sales of $119.18 million, with estimates ranging from $110.14 million to $128.23 million. Zacks Investment Research’s Sell Averages are an average based on a survey of sell-side analysts who cover TriplePoint Venture Growth BDC.
TriplePoint Venture Growth BDC (NYSE: TPVG – Get a rating) last reported results on Wednesday, March 2. The investment management firm reported EPS of $0.42 for the quarter, beating Thomson Reuters consensus estimate of $0.35 by $0.07. The company posted revenue of $25.87 million in the quarter, compared to $23.46 million expected by analysts. TriplePoint Venture Growth BDC achieved a return on equity of 9.84% and a net margin of 87.60%. In the same quarter last year, the company posted earnings per share of $0.39.
A number of analysts have recently released reports on the company. Wells Fargo & Company raised its price target on TriplePoint Venture Growth BDC from $17.50 to $18.00 and gave the company an “overweight” rating in a Monday, April 25 research report. Zacks Investment Research upgraded TriplePoint Venture Growth BDC from a “buy” rating to a “hold” rating in a Thursday, April 7 research report. To finish, StockNews.com assumed coverage of TriplePoint Venture Growth BDC in a Thursday, March 31 research report. They set a “hold” rating for the company. Four investment analysts gave the stock a hold rating and three gave the company a buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $17.75.
Several institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp increased its stake in shares of TriplePoint Venture Growth BDC by 7.9% in the fourth quarter. Van ECK Associates Corp now owns 473,255 shares of the investment management firm worth $8,500,000 after buying an additional 34,724 shares during the period. Sound Income Strategies LLC increased its stake in shares of TriplePoint Venture Growth BDC by 5.9% in the first quarter. Sound Income Strategies LLC now owns 398,785 shares of the investment management company worth $6,963,000 after purchasing an additional 22,268 shares during the period. Advisors Asset Management Inc. increased its stake in TriplePoint Venture Growth BDC by 6.1% during the fourth quarter. Advisors Asset Management Inc. now owns 299,117 shares of the investment management company valued at $5,372,000 after acquiring an additional 17,255 shares during the period. BlackRock Inc. increased its stake in TriplePoint Venture Growth BDC by 9.0% during the fourth quarter. BlackRock Inc. now owns 246,552 shares of the investment management company valued at $4,428,000 after acquiring an additional 20,343 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its stake in TriplePoint Venture Growth BDC by 14.0% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 231,134 shares of the investment management company valued at $4,036,000 after acquiring an additional 28,406 shares during the period. Institutional investors and hedge funds hold 24.94% of the company’s shares.
TPVG opened at $15.75 on Friday. The stock has a market capitalization of $488.41 million, a price/earnings ratio of 6.35, a PEG ratio of 2.72 and a beta of 1.77. TriplePoint Venture Growth BDC has a 1-year low of $14.11 and a 1-year high of $19.25. The stock has a fifty-day moving average price of $16.96 and a 200-day moving average price of $17.28.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31. Shareholders of record on Tuesday, March 15 received a dividend of $0.36. The ex-dividend date was Monday, March 14. This represents a dividend of $1.44 on an annualized basis and a dividend yield of 9.14%. TriplePoint Venture Growth BDC’s payout ratio is currently 58.06%.
About TriplePoint Venture Growth BDC (Get a rating)
TriplePoint Venture Growth BDC Corp. is a business development firm specializing in investments in growth-stage venture capital-backed companies. It also provides debt financing to growth space companies, which includes growth capital loans, secured and customized loans, equipment financing, revolving loans and direct equity investments.
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