Analysts expect TriplePoint Venture Growth BDC Corp. (NYSE:TPVG – Get a rating) to report earnings of $0.35 per share for the current fiscal quarter, according to Zacks. Two analysts have released earnings estimates for TriplePoint Venture Growth BDC. TriplePoint Venture Growth BDC posted earnings of $0.39 per share in the same quarter last year, suggesting a negative 10.3% year-over-year growth rate. The company is expected to release its next earnings report after the market closes on Wednesday, March 2.
On average, analysts expect TriplePoint Venture Growth BDC to report annual earnings of $1.26 per share for the current fiscal year. For the next fiscal year, analysts expect the company to post earnings of $1.48 per share, with EPS estimates ranging from $1.40 to $1.60. Zacks’ EPS calculations are an average based on a survey of research analysts who follow TriplePoint Venture Growth BDC.
A number of equity analysts have weighed in on TPVG shares. JMP Securities raised its target price on shares of TriplePoint Venture Growth BDC from $16.50 to $19.00 and gave the stock a “market outperforming” rating in a Friday, Nov. 5 research note. Zacks Investment Research upgraded shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a Tuesday, Nov. 9 research note. Three analysts rated the stock with a hold rating and two gave the company’s stock a buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $17.25.
Institutional investors and hedge funds have recently been buying and selling stocks. Van ECK Associates Corp increased its holdings of TriplePoint Venture Growth BDC shares 7.9% in the fourth quarter. Van ECK Associates Corp now owns 473,255 shares of the investment management firm valued at $8,500,000 after buying an additional 34,724 shares during the period. Sound Income Strategies LLC increased its position in TriplePoint Venture Growth BDC by 4.6% during the fourth quarter. Sound Income Strategies LLC now owns 376,517 shares of the investment management company worth $6,762,000 after acquiring 16,666 additional shares in the last quarter. Advisors Asset Management Inc. increased its position 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 worth $5,372,000 after acquiring 17,255 additional shares in the last quarter. BlackRock Inc. increased its position in TriplePoint Venture Growth BDC by 9.0% during the fourth quarter. BlackRock Inc. now owns 246,552 shares of the investment management company worth $4,428,000 after acquiring an additional 20,343 shares last quarter. Finally, Neuberger Berman Group LLC increased its position in TriplePoint Venture Growth BDC by 23.3% during the third quarter. Neuberger Berman Group LLC now owns 203,869 shares of the investment management company worth $3,229,000 after acquiring 38,528 additional shares in the last quarter. 24.53% of the shares are held by institutional investors and hedge funds.
Shares of NYSE TPVG rose $0.28 during Friday trading, hitting $16.34. The company had a trading volume of 133,571 shares, compared to an average volume of 160,381. TriplePoint Venture Growth BDC has a 52-week low of $13.74 and a 52-week high of $19.25. The stock has a market capitalization of $506.28 million, a PE ratio of 7.50, a PEG ratio of 2.70 and a beta of 1.78. The company’s 50-day moving average price is $16.99 and its 200-day moving average price is $16.82.
About TriplePoint Venture Growth BDC (Get a rating)
TriplePoint Venture Growth BDC Corp. (the “Company”) is a closed, non-diversified, externally managed investment company which has elected to be regulated as a business development company under the Investment Companies Act 1940 , as amended. It was formed to expand the venture capital growth stage business segment of its sponsor, TriplePoint Capital LLC (“TriplePoint Capital”).
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