Brokerages Expect TriplePoint Venture Growth BDC Corp (TPVG) Will Post Quarterly Sales of $11.78 Million

Brokerages forecast that TriplePoint Venture Growth BDC Corp (NYSE:TPVG) will report sales of $11.78 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for TriplePoint Venture Growth BDC’s earnings, with the highest sales estimate coming in at $12.40 million and the lowest estimate coming in at $11.16 million. TriplePoint Venture Growth BDC reported sales of $10.65 million during the same quarter last year, which indicates a positive year-over-year growth rate of 10.6%. The business is scheduled to report its next earnings results on Monday, March 12th.

According to Zacks, analysts expect that TriplePoint Venture Growth BDC will report full year sales of $11.78 million for the current financial year, with estimates ranging from $51.56 million to $53.00 million. For the next year, analysts expect that the business will report sales of $56.22 million per share, with estimates ranging from $54.44 million to $58.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow TriplePoint Venture Growth BDC.

TriplePoint Venture Growth BDC (NYSE:TPVG) last released its quarterly earnings results on Monday, November 6th. The investment management company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.01). The firm had revenue of $10.42 million during the quarter, compared to analyst estimates of $11.22 million. TriplePoint Venture Growth BDC had a net margin of 43.72% and a return on equity of 12.05%.

TPVG has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of TriplePoint Venture Growth BDC from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Compass Point upgraded shares of TriplePoint Venture Growth BDC from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 28th. Finally, ValuEngine lowered shares of TriplePoint Venture Growth BDC from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 16th.

In related news, CFO Andrew Olson bought 7,386 shares of TriplePoint Venture Growth BDC stock in a transaction dated Wednesday, October 25th. The shares were bought at an average cost of $13.65 per share, for a total transaction of $100,818.90. Following the completion of the transaction, the chief financial officer now owns 7,386 shares of the company’s stock, valued at $100,818.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Sajal Srivastava bought 44,313 shares of TriplePoint Venture Growth BDC stock in a transaction dated Wednesday, October 25th. The shares were bought at an average price of $13.65 per share, for a total transaction of $604,872.45. The disclosure for this purchase can be found here. Insiders have bought 73,855 shares of company stock worth $1,008,121 over the last quarter. 1.31% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC lifted its holdings in TriplePoint Venture Growth BDC by 3,082.2% in the second quarter. Advisory Services Network LLC now owns 8,751 shares of the investment management company’s stock valued at $116,000 after buying an additional 8,476 shares during the period. Susquehanna International Group LLP lifted its holdings in TriplePoint Venture Growth BDC by 206.2% in the second quarter. Susquehanna International Group LLP now owns 15,717 shares of the investment management company’s stock valued at $209,000 after buying an additional 30,510 shares during the period. GSA Capital Partners LLP lifted its holdings in TriplePoint Venture Growth BDC by 35.0% in the second quarter. GSA Capital Partners LLP now owns 15,800 shares of the investment management company’s stock valued at $210,000 after buying an additional 4,100 shares during the period. JPMorgan Chase & Co. lifted its holdings in TriplePoint Venture Growth BDC by 1,418.6% in the second quarter. JPMorgan Chase & Co. now owns 18,238 shares of the investment management company’s stock valued at $242,000 after buying an additional 17,037 shares during the period. Finally, SG Americas Securities LLC acquired a new position in TriplePoint Venture Growth BDC in the second quarter valued at approximately $354,000. Institutional investors and hedge funds own 33.79% of the company’s stock.

TriplePoint Venture Growth BDC (NYSE:TPVG) traded down $0.14 during trading hours on Monday, reaching $13.39. 70,871 shares of the company’s stock were exchanged, compared to its average volume of 100,721. The firm has a market capitalization of $239.63, a price-to-earnings ratio of 8.35, a PEG ratio of 0.82 and a beta of 1.31. TriplePoint Venture Growth BDC has a 52-week low of $11.66 and a 52-week high of $14.41.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 17th were given a dividend of $0.36 per share. The ex-dividend date was Thursday, November 16th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 10.75%. TriplePoint Venture Growth BDC’s payout ratio is 102.13%.

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About TriplePoint Venture Growth BDC

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.

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