Analysts Expect Triplepoint Venture Growth BDC Corp (TPVG) to Post $0.38 EPS

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Wall Street brokerages expect Triplepoint Venture Growth BDC Corp (NYSE:TPVG) to post earnings per share (EPS) of $0.38 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Triplepoint Venture Growth BDC’s earnings. The lowest EPS estimate is $0.36 and the highest is $0.40. Triplepoint Venture Growth BDC posted earnings per share of $0.50 in the same quarter last year, which indicates a negative year over year growth rate of 24%. The business is expected to report its next earnings results on Wednesday, August 7th.

According to Zacks, analysts expect that Triplepoint Venture Growth BDC will report full-year earnings of $1.61 per share for the current year, with EPS estimates ranging from $1.51 to $1.66. For the next financial year, analysts expect that the company will report earnings of $1.74 per share, with EPS estimates ranging from $1.66 to $1.85. Zacks Investment Research’s earnings per share 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 quarterly earnings results on Wednesday, May 1st. The investment management company reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.03. The business had revenue of $17.49 million for the quarter, compared to analyst estimates of $17.35 million. Triplepoint Venture Growth BDC had a net margin of 57.09% and a return on equity of 12.50%.

TPVG has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Triplepoint Venture Growth BDC from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Compass Point lowered shares of Triplepoint Venture Growth BDC from a “buy” rating to a “neutral” rating and set a $14.50 target price on the stock. in a research report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Triplepoint Venture Growth BDC currently has a consensus rating of “Hold” and a consensus target price of $14.69.

A number of institutional investors have recently modified their holdings of TPVG. Macquarie Group Ltd. acquired a new stake in Triplepoint Venture Growth BDC in the fourth quarter valued at approximately $44,000. Great West Life Assurance Co. Can boosted its position in Triplepoint Venture Growth BDC by 13.3% in the fourth quarter. Great West Life Assurance Co. Can now owns 6,856 shares of the investment management company’s stock valued at $72,000 after buying an additional 806 shares in the last quarter. Deutsche Bank AG boosted its position in Triplepoint Venture Growth BDC by 31.8% in the fourth quarter. Deutsche Bank AG now owns 10,675 shares of the investment management company’s stock valued at $116,000 after buying an additional 2,575 shares in the last quarter. Wedbush Securities Inc. acquired a new stake in Triplepoint Venture Growth BDC in the fourth quarter valued at approximately $120,000. Finally, Commonwealth Equity Services LLC boosted its position in Triplepoint Venture Growth BDC by 89.3% in the first quarter. Commonwealth Equity Services LLC now owns 20,882 shares of the investment management company’s stock valued at $287,000 after buying an additional 9,848 shares in the last quarter. Hedge funds and other institutional investors own 34.60% of the company’s stock.

Shares of NYSE TPVG traded up $0.06 during trading hours on Thursday, hitting $14.07. 84,900 shares of the stock were exchanged, compared to its average volume of 180,139. The firm has a market capitalization of $348.73 million, a price-to-earnings ratio of 8.23, a P/E/G ratio of 2.90 and a beta of 1.20. Triplepoint Venture Growth BDC has a 1-year low of $10.25 and a 1-year high of $14.61.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a $0.36 dividend. The ex-dividend date is Thursday, May 30th. This represents a $1.44 dividend on an annualized basis and a yield of 10.23%. Triplepoint Venture Growth BDC’s dividend payout ratio is currently 84.21%.

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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