$0.40 Earnings Per Share Expected for Triplepoint Venture Growth BDC Corp (NYSE:TPVG) This Quarter

Wall Street brokerages forecast that Triplepoint Venture Growth BDC Corp (NYSE:TPVG) will announce earnings per share (EPS) of $0.40 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Triplepoint Venture Growth BDC’s earnings. The lowest EPS estimate is $0.37 and the highest is $0.42. Triplepoint Venture Growth BDC posted earnings of $0.46 per share during the same quarter last year, which would indicate a negative year over year growth rate of 13%. The business is expected to report its next earnings results on Wednesday, October 30th.

According to Zacks, analysts expect that Triplepoint Venture Growth BDC will report full-year earnings of $1.63 per share for the current financial year, with EPS estimates ranging from $1.51 to $1.68. For the next financial year, analysts anticipate that the firm will report earnings of $1.75 per share, with EPS estimates ranging from $1.66 to $1.91. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Triplepoint Venture Growth BDC.

Several equities analysts have commented on the stock. Compass Point lowered shares of Triplepoint Venture Growth BDC from a “buy” rating to a “neutral” rating and set a $14.50 target price on the stock. in a report on Monday, May 6th. Nomura assumed coverage on shares of Triplepoint Venture Growth BDC in a report on Monday, July 8th. They issued a “buy” rating and a $16.00 target price on the stock. Finally, Zacks Investment Research lowered shares of Triplepoint Venture Growth BDC from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Triplepoint Venture Growth BDC presently has an average rating of “Hold” and an average price target of $15.19.

Several hedge funds and other institutional investors have recently modified their holdings of TPVG. Commonwealth Equity Services LLC increased its stake in Triplepoint Venture Growth BDC by 8.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 22,585 shares of the investment management company’s stock valued at $321,000 after purchasing an additional 1,703 shares in the last quarter. Wedbush Securities Inc. grew its stake in shares of Triplepoint Venture Growth BDC by 18.9% in the 1st quarter. Wedbush Securities Inc. now owns 13,122 shares of the investment management company’s stock worth $181,000 after acquiring an additional 2,087 shares in the last quarter. Resource America Inc. grew its stake in shares of Triplepoint Venture Growth BDC by 4.1% in the 1st quarter. Resource America Inc. now owns 64,536 shares of the investment management company’s stock worth $888,000 after acquiring an additional 2,536 shares in the last quarter. Deutsche Bank AG grew its stake 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 in the last quarter. Finally, Macquarie Group Ltd. bought a new stake in shares of Triplepoint Venture Growth BDC in the 4th quarter worth $44,000. Hedge funds and other institutional investors own 31.00% of the company’s stock.

NYSE:TPVG traded down $0.12 during mid-day trading on Friday, reaching $15.35. 10,506 shares of the company’s stock were exchanged, compared to its average volume of 192,836. Triplepoint Venture Growth BDC has a one year low of $10.25 and a one year high of $15.71. The stock has a market capitalization of $382.58 million, a price-to-earnings ratio of 8.98, a PEG ratio of 3.18 and a beta of 1.12. The business’s fifty day moving average is $14.76.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a $0.36 dividend. The ex-dividend date is Thursday, August 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 9.38%. Triplepoint Venture Growth BDC’s payout ratio is currently 84.21%.

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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