Equity research analysts expect TriplePoint Venture Growth BDC Corp. (NYSE: TPVG – Get a rating) to post sales of $25.54 million for the current fiscal quarter, according to Zacks. Two analysts provided earnings estimates for TriplePoint Venture Growth BDC, with estimates ranging from $25.43 million to $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 quarterly earnings report after the market closes on Monday, January 1.
According to Zacks, 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 next year, analysts expect the company to post sales of $119.18 million, with estimates ranging from $110.14 million to $128.23 million. Zacks Investment Research sales averages are an average based on a survey of research firms that provide coverage for TriplePoint Venture Growth BDC.
BDC TriplePoint Venture Growth (NYSE: TPVG – Get a rating) last released its quarterly results on Wednesday, March 2. The investment management firm reported earnings per share (EPS) of $0.42 for the quarter, beating Thomson Reuters consensus estimate of $0.35 by $0.07. TriplePoint Venture Growth BDC achieved a return on equity of 9.84% and a net margin of 87.60%. The company posted revenue of $25.87 million in the quarter, versus analyst estimates of $23.46 million. In the same quarter a year earlier, the company posted earnings per share of $0.39.
Several equity research analysts have published reports on the company. Zacks Investment Research downgraded TriplePoint Venture Growth BDC from a “buy” rating to a “hold” rating in a Thursday, April 7 research note. Wells Fargo & Company raised its price target on TriplePoint Venture Growth BDC from $17.50 to $18.00 and gave the stock an “overweight” rating in a Monday, April 25 research note. To finish, StockNews.com purported coverage of TriplePoint Venture Growth BDC in a Thursday, March 31 research note. They set a “holding” rating for the company. Four investment analysts gave the stock a hold rating and three gave the company a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $17.75.
Several hedge funds and other institutional investors have recently increased or reduced their stake in the company. Capital Advisory Group Advisory Services LLC increased its stake in shares of TriplePoint Venture Growth BDC by 10.5% in Q1. Capital Advisory Group Advisory Services LLC now owns 40,503 shares of the investment management company valued at $707,000 after acquiring 3,863 additional shares in the last quarter. All Season Financial Advisors Inc. bought a new position in TriplePoint Venture Growth BDC during Q1 worth approximately $388,000. Calton & Associates Inc. acquired a new position in TriplePoint Venture Growth BDC during Q1 worth approximately $175,000. Hennion & Walsh Asset Management Inc. increased its stake in TriplePoint Venture Growth BDC by 14.0% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 231,134 shares of the investment management company valued at $4,036,000 after purchasing an additional 28,406 shares during the period. Finally, Sax Wealth Advisors LLC acquired a new position in TriplePoint Venture Growth BDC during Q1 worth approximately $187,000. 24.94% of the shares are held by institutional investors.
Shares of TPVG stock opened at $15.75 on Friday. The company has a 50-day moving average price of $16.96 and a two-hundred-day moving average price of $17.28. TriplePoint Venture Growth BDC has a 12-month low of $14.11 and a 12-month high of $19.25. The company has a market cap of $488.41 million, a P/E ratio of 6.35, a price-to-earnings growth ratio of 2.72, and a beta of 1.77.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 31. Shareholders of record on Tuesday, March 15 received a dividend of $0.36. This represents a dividend of $1.44 on an annualized basis and a dividend yield of 9.14%. The ex-dividend date was Monday, March 14. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is currently 58.06%.
Company Profile 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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