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

TriplePoint Venture Growth BDC (NYSE:TPVG) will release its earnings data 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. Parties that are interested in registering for the company’s conference call can do so using this link.

TriplePoint Venture Growth BDC (NYSE:TPVG) last released its quarterly earnings results on Wednesday, August 7th. The investment management company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.10). TriplePoint Venture Growth BDC had a negative net margin of 8.03% and a positive return on equity of 18.24%. The company had revenue of $27.11 million for the quarter, compared to the consensus estimate of $28.77 million. During the same period last year, the company earned $0.53 earnings per share. 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

TPVG stock opened at $6.50 on Tuesday. The company has a 50 day moving average price of $7.02 and a 200 day moving average price of $8.10. TriplePoint Venture Growth BDC has a fifty-two week low of $6.50 and a fifty-two week high of $11.58.

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 given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 18.46%. TriplePoint Venture Growth BDC’s payout ratio is currently -399.99%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TPVG shares. LADENBURG THALM/SH SH lowered TriplePoint Venture Growth BDC from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $8.50 to $8.00 in a research report on Friday, August 9th. Wells Fargo & Company lowered their price target on shares of TriplePoint Venture Growth BDC from $8.00 to $6.50 and set an “underweight” rating for the company in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods cut their price objective on shares of TriplePoint Venture Growth BDC from $9.00 to $8.00 and set an “underperform” rating on the stock in a report on Friday, August 9th. Finally, Piper Sandler lowered their target price on shares of TriplePoint Venture Growth BDC from $9.50 to $8.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, TriplePoint Venture Growth BDC currently has an average rating of “Hold” and a consensus price target of $7.85.

Insider Activity at TriplePoint Venture Growth BDC

In other news, President Sajal Srivastava acquired 11,298 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average price of $7.02 per share, for a total transaction of $79,311.96. Following the completion of the acquisition, the president now owns 250,858 shares in the company, valued at $1,761,023.16. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.40% of the stock is currently owned by corporate insiders.

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.