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

Equities analysts expect that TriplePoint Venture Growth BDC Corp (NYSE:TPVG) will report $11.78 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for TriplePoint Venture Growth BDC’s earnings. The highest sales estimate is $12.40 million and the lowest is $11.16 million. TriplePoint Venture Growth BDC reported sales of $10.65 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 10.6%. The company is scheduled to announce its next earnings report on Monday, March 12th.

On average, 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 fiscal year, analysts expect that the firm will post sales of $56.22 million per share, with estimates ranging from $54.44 million to $58.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for TriplePoint Venture Growth BDC.

TriplePoint Venture Growth BDC (NYSE:TPVG) last released its earnings results on Monday, November 6th. The investment management company reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.01). The company 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%.

A number of analysts recently weighed in on the company. Zacks Investment Research downgraded TriplePoint Venture Growth BDC from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. ValuEngine downgraded TriplePoint Venture Growth BDC from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 16th. Ladenburg Thalmann Financial Services assumed coverage on TriplePoint Venture Growth BDC in a research note on Tuesday, December 12th. They issued a “neutral” rating on the stock. Finally, Compass Point upgraded TriplePoint Venture Growth BDC from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 28th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. TriplePoint Venture Growth BDC currently has a consensus rating of “Buy” and an average price target of $14.00.

Shares of TriplePoint Venture Growth BDC (TPVG) opened at $12.80 on Wednesday. TriplePoint Venture Growth BDC has a 12 month low of $12.37 and a 12 month high of $14.41. The firm has a market capitalization of $231.13, a P/E ratio of 9.08, a P/E/G ratio of 0.91 and a beta of 1.31.

A number of institutional investors and hedge funds have recently bought and sold shares of TPVG. Delphi Management Inc. MA boosted its position in TriplePoint Venture Growth BDC by 48.9% during the second quarter. Delphi Management Inc. MA now owns 170,918 shares of the investment management company’s stock worth $2,275,000 after purchasing an additional 56,121 shares in the last quarter. Wells Fargo & Company MN boosted its position in TriplePoint Venture Growth BDC by 9.1% during the third quarter. Wells Fargo & Company MN now owns 428,472 shares of the investment management company’s stock worth $5,742,000 after purchasing an additional 35,912 shares in the last quarter. Shelton Capital Management boosted its position in TriplePoint Venture Growth BDC by 185.6% during the second quarter. Shelton Capital Management now owns 47,703 shares of the investment management company’s stock worth $635,000 after purchasing an additional 31,000 shares in the last quarter. Susquehanna International Group LLP boosted its position in TriplePoint Venture Growth BDC by 206.2% during the second quarter. Susquehanna International Group LLP now owns 15,717 shares of the investment management company’s stock worth $209,000 after purchasing an additional 30,510 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in TriplePoint Venture Growth BDC during the second quarter worth $381,000. Institutional investors own 33.92% of the company’s stock.

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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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