Brokerages Anticipate Triplepoint Venture Growth BDC Corp (NYSE:TPVG) to Post $0.38 EPS

Brokerages forecast that Triplepoint Venture Growth BDC Corp (NYSE:TPVG) will post earnings per share (EPS) of $0.38 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Triplepoint Venture Growth BDC’s earnings, with the lowest EPS estimate coming in at $0.36 and the highest estimate coming in at $0.40. Triplepoint Venture Growth BDC posted earnings of $0.50 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 24%. The firm is expected to report its next earnings results on Wednesday, August 7th.

On average, analysts expect that Triplepoint Venture Growth BDC will report full year earnings of $1.61 per share for the current fiscal year, with EPS estimates ranging from $1.51 to $1.66. For the next fiscal year, analysts anticipate that the business will report earnings of $1.74 per share, with EPS estimates ranging from $1.66 to $1.85. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Triplepoint Venture Growth BDC.

Triplepoint Venture Growth BDC (NYSE:TPVG) last announced its quarterly earnings data on Wednesday, May 1st. The investment management company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. Triplepoint Venture Growth BDC had a net margin of 57.09% and a return on equity of 12.50%. The firm had revenue of $17.49 million for the quarter, compared to analysts’ expectations of $17.35 million.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Triplepoint Venture Growth BDC from a “buy” rating to a “hold” rating in a research report on Friday, April 19th. Compass Point cut shares of Triplepoint Venture Growth BDC from a “buy” rating to a “neutral” rating and set a $14.50 price target on the stock. in a research report on Monday, May 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $14.69.

TPVG stock traded up $0.13 during midday trading on Monday, reaching $14.36. The company’s stock had a trading volume of 5,106 shares, compared to its average volume of 116,827. Triplepoint Venture Growth BDC has a 52 week low of $10.25 and a 52 week high of $14.61. The stock has a market capitalization of $352.62 million, a PE ratio of 8.37, a PEG ratio of 2.95 and a beta of 1.12. The stock’s 50-day moving average price is $14.01.

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 10.03%. Triplepoint Venture Growth BDC’s dividend payout ratio is 84.21%.

Several hedge funds and other institutional investors have recently made changes to their positions in TPVG. Macquarie Group Ltd. bought a new position in shares of Triplepoint Venture Growth BDC during the fourth quarter worth $44,000. Great West Life Assurance Co. Can lifted its position in Triplepoint Venture Growth BDC by 13.3% in the 4th quarter. Great West Life Assurance Co. Can now owns 6,856 shares of the investment management company’s stock valued at $72,000 after acquiring an additional 806 shares in the last quarter. Deutsche Bank AG lifted its position in Triplepoint Venture Growth BDC by 31.8% in the 4th quarter. Deutsche Bank AG now owns 10,675 shares of the investment management company’s stock valued at $116,000 after acquiring an additional 2,575 shares in the last quarter. Wedbush Securities Inc. lifted its position in Triplepoint Venture Growth BDC by 18.9% in the 1st quarter. Wedbush Securities Inc. now owns 13,122 shares of the investment management company’s stock valued at $181,000 after acquiring an additional 2,087 shares in the last quarter. Finally, Koshinski Asset Management Inc. bought a new stake in Triplepoint Venture Growth BDC in the 1st quarter valued at $330,000. 31.00% of the stock is currently owned by institutional investors.

About Triplepoint Venture Growth BDC

TriplePoint Venture Growth BDC Corp is a business development company specializing investments in growth stage. It also provides debt financing to venture growth space companies which includes growth capital loans, equipment financings, revolving loans, and direct equity investments. The fund seeks to invest in e-commerce, entertainment, technology and life sciences sector.

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