TriplePoint Venture Growth BDC Corp (TPVG) Expected to Announce Quarterly Sales of $11.78 Million

Wall Street analysts expect TriplePoint Venture Growth BDC Corp (NYSE:TPVG) to post sales of $11.78 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for TriplePoint Venture Growth BDC’s earnings, with the lowest sales estimate coming in at $11.16 million and the highest estimate coming in at $12.40 million. TriplePoint Venture Growth BDC reported sales of $10.65 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 10.6%. The firm is scheduled to issue its next earnings report 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 year, with estimates ranging from $51.56 million to $53.00 million. For the next year, analysts forecast that the business will post sales of $56.22 million per share, with estimates ranging from $54.44 million to $58.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover TriplePoint Venture Growth BDC.

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

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

In other news, President Sajal Srivastava bought 44,313 shares of TriplePoint Venture Growth BDC stock in a transaction on Wednesday, October 25th. The shares were bought at an average price of $13.65 per share, with a total value of $604,872.45. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Andrew Olson bought 7,386 shares of TriplePoint Venture Growth BDC stock in a transaction on Wednesday, October 25th. The shares were purchased at an average cost of $13.65 per share, for a total transaction of $100,818.90. Following the acquisition, the chief financial officer now owns 7,386 shares in the company, valued at $100,818.90. The disclosure for this purchase can be found here. Insiders purchased 73,855 shares of company stock valued at $1,008,121 in the last three months. 1.31% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in TPVG. Advisory Services Network LLC lifted its holdings in 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 worth $116,000 after buying an additional 8,476 shares during the last quarter. Susquehanna International Group LLP lifted its holdings in 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 worth $209,000 after buying an additional 30,510 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in TriplePoint Venture Growth BDC by 35.0% during the 2nd quarter. GSA Capital Partners LLP now owns 15,800 shares of the investment management company’s stock worth $210,000 after buying an additional 4,100 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in TriplePoint Venture Growth BDC by 1,418.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 18,238 shares of the investment management company’s stock worth $242,000 after buying an additional 17,037 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in TriplePoint Venture Growth BDC during the 2nd quarter worth approximately $381,000. 33.76% of the stock is currently owned by institutional investors.

TriplePoint Venture Growth BDC (TPVG) traded up $0.25 during mid-day trading on Friday, hitting $13.23. The stock had a trading volume of 80,918 shares, compared to its average volume of 72,837. The firm has a market capitalization of $234.32, a price-to-earnings ratio of 8.17, a P/E/G ratio of 0.93 and a beta of 1.31. TriplePoint Venture Growth BDC has a fifty-two week low of $12.22 and a fifty-two week high of $14.41.

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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.

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