Analysts Anticipate TriplePoint Venture Growth BDC Corp (TPVG) Will Post Earnings of $0.32 Per Share

Equities analysts expect that TriplePoint Venture Growth BDC Corp (NYSE:TPVG) will report $0.32 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for TriplePoint Venture Growth BDC’s earnings, with estimates ranging from $0.30 to $0.34. TriplePoint Venture Growth BDC reported earnings of $0.30 per share during the same quarter last year, which indicates a positive year over year growth rate of 6.7%. The firm is scheduled to announce its next quarterly earnings report on Monday, March 12th.

On average, analysts expect that TriplePoint Venture Growth BDC will report full year earnings of $1.64 per share for the current year, with EPS estimates ranging from $1.62 to $1.66. For the next year, analysts expect that the company will report earnings of $1.43 per share, with EPS estimates ranging from $1.42 to $1.44. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow TriplePoint Venture Growth BDC.

TriplePoint Venture Growth BDC (NYSE:TPVG) last issued its earnings results on Monday, November 6th. The investment management company reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.01). TriplePoint Venture Growth BDC had a return on equity of 12.05% and a net margin of 43.72%. The company had revenue of $10.42 million during the quarter, compared to analysts’ expectations of $11.22 million.

TPVG has been the topic of several recent analyst reports. Ladenburg Thalmann Financial Services initiated coverage on TriplePoint Venture Growth BDC in a research note on Tuesday, December 12th. They issued a “neutral” rating on the stock. Zacks Investment Research cut TriplePoint Venture Growth BDC from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. ValuEngine cut TriplePoint Venture Growth BDC from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 16th. Finally, Compass Point upgraded TriplePoint Venture Growth BDC from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $14.00.

Shares of TriplePoint Venture Growth BDC (NYSE TPVG) traded down $0.05 during midday trading on Tuesday, hitting $12.69. The stock had a trading volume of 142,554 shares, compared to its average volume of 100,780. TriplePoint Venture Growth BDC has a 52 week low of $11.76 and a 52 week high of $14.41. The stock has a market capitalization of $225.64, a P/E ratio of 8.94, a price-to-earnings-growth ratio of 0.78 and a beta of 1.36.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 17th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 11.35%. The ex-dividend date was Thursday, November 16th. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is presently 101.41%.

In other TriplePoint Venture Growth BDC news, CFO Andrew Olson acquired 7,386 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The stock was acquired at an average cost of $13.65 per share, with a total value of $100,818.90. Following the acquisition, the chief financial officer now directly owns 7,386 shares of the company’s stock, valued at approximately $100,818.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO James Labe acquired 22,156 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The stock was acquired at an average cost of $13.65 per share, with a total value of $302,429.40. The disclosure for this purchase can be found here. Insiders have bought 73,855 shares of company stock valued at $1,008,121 over the last ninety days. Corporate insiders own 1.31% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Advisory Services Network LLC lifted its position in shares of TriplePoint Venture Growth BDC by 3,082.2% during the 2nd quarter. Advisory Services Network LLC now owns 8,751 shares of the investment management company’s stock valued at $116,000 after acquiring an additional 8,476 shares during the last quarter. Susquehanna International Group LLP lifted its position in shares of TriplePoint Venture Growth BDC by 206.2% during the 2nd quarter. Susquehanna International Group LLP now owns 15,717 shares of the investment management company’s stock valued at $209,000 after acquiring an additional 30,510 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in shares of 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 purchasing an additional 4,100 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of 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 purchasing an additional 17,037 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of TriplePoint Venture Growth BDC in the second quarter valued at $354,000. 33.76% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “Analysts Anticipate TriplePoint Venture Growth BDC Corp (TPVG) Will Post Earnings of $0.32 Per Share” was originally reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be read at https://www.thelincolnianonline.com/2018/01/13/analysts-anticipate-triplepoint-venture-growth-bdc-corp-tpvg-will-post-earnings-of-0-32-per-share-updated-updated.html.

TriplePoint Venture Growth BDC Company Profile

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 (TPVG)

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

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

Leave a Reply