TriplePoint Venture Growth BDC (TPVG) Set to Announce Earnings on Wednesday

TriplePoint Venture Growth BDC (NYSE:TPVG) will post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect TriplePoint Venture Growth BDC to post earnings of $0.34 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

TriplePoint Venture Growth BDC (NYSE:TPVG) last released its quarterly earnings data on Wednesday, August 7th. The investment management company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.10). TriplePoint Venture Growth BDC had a positive return on equity of 18.24% and a negative net margin of 8.03%. The business had revenue of $27.11 million during the quarter, compared to analysts’ expectations of $28.77 million. During the same quarter last year, the business posted $0.53 EPS. On average, analysts expect TriplePoint Venture Growth BDC to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

TriplePoint Venture Growth BDC Stock Performance

NYSE TPVG opened at $6.64 on Wednesday. TriplePoint Venture Growth BDC has a fifty-two week low of $6.60 and a fifty-two week high of $11.58. The stock has a 50 day simple moving average of $7.11 and a two-hundred day simple moving average of $8.18. The stock has a market cap of $265.27 million, a P/E ratio of -22.20 and a beta of 1.79.

TriplePoint Venture Growth BDC Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 18.07%. The ex-dividend date of this dividend was Monday, September 16th. TriplePoint Venture Growth BDC’s payout ratio is presently -399.99%.

Analyst Ratings Changes

A number of research firms have recently commented on TPVG. Piper Sandler lowered their target price on TriplePoint Venture Growth BDC from $9.50 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Keefe, Bruyette & Woods lowered their target price on TriplePoint Venture Growth BDC from $9.00 to $8.00 and set an “underperform” rating for the company in a research note on Friday, August 9th. Wells Fargo & Company lowered their target price on TriplePoint Venture Growth BDC from $8.00 to $6.50 and set an “underweight” rating for the company in a research note on Tuesday. Finally, LADENBURG THALM/SH SH cut TriplePoint Venture Growth BDC from a “buy” rating to a “neutral” rating and lowered their target price for the company from $8.50 to $8.00 in a research note on Friday, August 9th. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat.com, TriplePoint Venture Growth BDC currently has an average rating of “Hold” and an average price target of $7.85.

Insiders Place Their Bets

In other TriplePoint Venture Growth BDC news, President Sajal Srivastava bought 11,298 shares of TriplePoint Venture Growth BDC stock in a transaction on Monday, August 12th. The stock was acquired at an average price of $7.02 per share, with a total value of $79,311.96. Following the acquisition, the president now owns 250,858 shares in the company, valued at approximately $1,761,023.16. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.40% of the company’s stock.

TriplePoint Venture Growth BDC Company Profile

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.