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

TriplePoint Venture Growth BDC (NYSE:TPVG) is set to 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. Persons interested in registering for the company’s earnings conference call can do so using this link.

TriplePoint Venture Growth BDC (NYSE:TPVG) last announced its quarterly earnings data 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 business had revenue of $27.11 million during the quarter, compared to analysts’ expectations of $28.77 million. During the same quarter in the previous year, the firm 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 Down 2.4 %

Shares of TriplePoint Venture Growth BDC stock opened at $6.64 on Wednesday. The stock’s 50-day simple moving average is $7.11 and its 200-day simple moving average is $8.18. TriplePoint Venture Growth BDC has a 52 week low of $6.60 and a 52 week high of $11.58. The company has a market capitalization of $265.27 million, a price-to-earnings ratio of -22.20 and a beta of 1.79.

TriplePoint Venture Growth BDC Cuts Dividend

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

Analyst Ratings Changes

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

Insider Activity

In other TriplePoint Venture Growth BDC news, President Sajal Srivastava bought 11,298 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were purchased at an average price of $7.02 per share, with a total value of $79,311.96. Following the completion of the purchase, the president now owns 250,858 shares in the company, valued at $1,761,023.16. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.40% of the company’s stock.

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.