Zacks: Brokerages Anticipate TriplePoint Venture Growth BDC Corp. (TPVG) Will Post Quarterly Sales of $11.49 Million

Equities analysts expect TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) to report sales of $11.49 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for TriplePoint Venture Growth BDC Corp.’s earnings, with the highest sales estimate coming in at $11.50 million and the lowest estimate coming in at $11.48 million. TriplePoint Venture Growth BDC Corp. reported sales of $9.41 million in the same quarter last year, which would indicate a positive year over year growth rate of 22.1%. The company is expected to report its next earnings results on Monday, August 14th.

On average, analysts expect that TriplePoint Venture Growth BDC Corp. will report full year sales of $11.49 million for the current fiscal year, with estimates ranging from $50.00 million to $50.58 million. For the next fiscal year, analysts forecast that the company will post sales of $51.82 million per share, with estimates ranging from $51.64 million to $52.00 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover TriplePoint Venture Growth BDC Corp..

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) last released its quarterly earnings data on Tuesday, May 9th. The investment management company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. The company had revenue of $14.30 million during the quarter, compared to analyst estimates of $14.49 million. TriplePoint Venture Growth BDC Corp. had a net margin of 47.29% and a return on equity of 11.31%.

A number of analysts recently commented on TPVG shares. Zacks Investment Research lowered TriplePoint Venture Growth BDC Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, May 4th. TheStreet raised TriplePoint Venture Growth BDC Corp. from a “c+” rating to a “b-” rating in a research note on Monday, March 6th. Finally, ValuEngine lowered TriplePoint Venture Growth BDC Corp. from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 23rd. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. TriplePoint Venture Growth BDC Corp. currently has an average rating of “Buy” and a consensus price target of $13.43.

In other news, President Sajal Srivastava acquired 8,000 shares of the firm’s stock in a transaction on Wednesday, May 31st. The stock was acquired at an average price of $13.10 per share, for a total transaction of $104,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.31% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the company. Trexquant Investment LP purchased a new position in TriplePoint Venture Growth BDC Corp. during the first quarter worth about $159,000. West Family Investments Inc. purchased a new position in TriplePoint Venture Growth BDC Corp. during the fourth quarter worth about $354,000. Shelton Capital Management purchased a new position in TriplePoint Venture Growth BDC Corp. during the fourth quarter worth about $1,316,000. Two Sigma Investments LP increased its position in TriplePoint Venture Growth BDC Corp. by 25.8% in the fourth quarter. Two Sigma Investments LP now owns 118,267 shares of the investment management company’s stock worth $1,393,000 after buying an additional 24,221 shares during the period. Finally, PVG Asset Management Corp purchased a new position in TriplePoint Venture Growth BDC Corp. during the first quarter worth about $1,715,000. Institutional investors and hedge funds own 42.37% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece was posted by WKRB News and is owned by of WKRB News. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be read at https://www.wkrb13.com/markets/2230953/zacks-brokerages-anticipate-triplepoint-venture-growth-bdc-corp-tpvg-will-post-quarterly-sales-of-11-49-million.html.

TriplePoint Venture Growth BDC Corp. (TPVG) remained flat at $13.40 during mid-day trading on Wednesday. 59,236 shares of the company’s stock traded hands. The stock has a market cap of $214.41 million, a price-to-earnings ratio of 9.72 and a beta of 1.39. TriplePoint Venture Growth BDC Corp. has a 52 week low of $10.25 and a 52 week high of $14.41. The firm’s 50-day moving average is $13.56 and its 200-day moving average is $13.26.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 16th. Shareholders of record on Wednesday, May 31st were issued a $0.36 dividend. The ex-dividend date was Friday, May 26th. This represents a $1.44 dividend on an annualized basis and a yield of 10.75%. TriplePoint Venture Growth BDC Corp.’s dividend payout ratio (DPR) is 103.60%.

About TriplePoint Venture Growth BDC Corp.

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.

Get a free copy of the Zacks research report on TriplePoint Venture Growth BDC Corp. (TPVG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2230953/zacks-brokerages-anticipate-triplepoint-venture-growth-bdc-corp-tpvg-will-post-quarterly-sales-of-11-49-million.html

Receive News & Ratings for TriplePoint Venture Growth BDC Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TriplePoint Venture Growth BDC Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

 


Leave a Reply

 
© 2006-2017 WKRB News.