TriplePoint Venture Growth BDC (NYSE:TPVG – Get Free Report) issued its earnings results on Wednesday. The investment management company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.03), Yahoo Finance reports. The firm had revenue of $29.27 million during the quarter, compared to the consensus estimate of $31.25 million. TriplePoint Venture Growth BDC had a negative net margin of 29.68% and a positive return on equity of 19.64%. During the same quarter in the previous year, the firm earned $0.53 earnings per share.
TriplePoint Venture Growth BDC Stock Down 1.2 %
Shares of TPVG traded down $0.11 during mid-day trading on Friday, hitting $9.20. 528,967 shares of the company’s stock traded hands, compared to its average volume of 252,944. The business’s 50-day moving average price is $9.56 and its 200-day moving average price is $10.25. TriplePoint Venture Growth BDC has a 1 year low of $8.88 and a 1 year high of $12.70. The firm has a market capitalization of $348.22 million, a P/E ratio of -8.29 and a beta of 1.75.
TriplePoint Venture Growth BDC Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 17.39%. The ex-dividend date of this dividend is Friday, June 14th. TriplePoint Venture Growth BDC’s payout ratio is -144.14%.
Analysts Set New Price Targets
Read Our Latest Stock Report on TPVG
About TriplePoint Venture Growth BDC
TriplePoint Venture Growth BDC Corp. is a business development company specializing investments in venture capital-backed companies at the growth stage investments. It also provides debt financing to venture growth space companies which includes growth capital loans, secured and customized loans, equipment financings, revolving loans and direct equity investments.
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