Triplepoint Venture Growth BDC Corp (NYSE:TPVG) Expected to Announce Quarterly Sales of $19.39 Million

Brokerages expect that Triplepoint Venture Growth BDC Corp (NYSE:TPVG) will post $19.39 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Triplepoint Venture Growth BDC’s earnings. The highest sales estimate is $19.50 million and the lowest is $19.27 million. Triplepoint Venture Growth BDC posted sales of $17.68 million during the same quarter last year, which suggests a positive year over year growth rate of 9.7%. The company is expected to issue its next earnings results on Wednesday, October 30th.

According to Zacks, analysts expect that Triplepoint Venture Growth BDC will report full-year sales of $76.44 million for the current fiscal year, with estimates ranging from $76.00 million to $76.87 million. For the next year, analysts anticipate that the firm will report sales of $96.27 million, with estimates ranging from $92.54 million to $100.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Triplepoint Venture Growth BDC.

TPVG has been the subject of several recent research reports. Zacks Investment Research cut Triplepoint Venture Growth BDC from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Compass Point cut Triplepoint Venture Growth BDC from a “buy” rating to a “neutral” rating and set a $14.50 price target for the company. in a report on Monday, May 6th. Finally, Nomura initiated coverage on Triplepoint Venture Growth BDC in a report on Monday, July 8th. They issued a “buy” rating and a $16.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $15.19.



Shares of NYSE:TPVG traded down $0.12 during midday trading on Friday, hitting $15.35. The company had a trading volume of 10,506 shares, compared to its average volume of 192,836. Triplepoint Venture Growth BDC has a twelve month low of $10.25 and a twelve month high of $15.71. The stock has a market capitalization of $382.58 million, a PE ratio of 8.98, a price-to-earnings-growth ratio of 3.18 and a beta of 1.12. The firm’s 50-day moving average is $14.76.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a $0.36 dividend. The ex-dividend date is Thursday, August 29th. This represents a $1.44 annualized dividend and a dividend yield of 9.38%. Triplepoint Venture Growth BDC’s dividend payout ratio is presently 84.21%.

Several large investors have recently bought and sold shares of TPVG. Virtus ETF Advisers LLC acquired a new stake in Triplepoint Venture Growth BDC during the second quarter worth $3,858,000. Van ECK Associates Corp increased its stake in Triplepoint Venture Growth BDC by 10.3% during the second quarter. Van ECK Associates Corp now owns 216,475 shares of the investment management company’s stock worth $3,080,000 after acquiring an additional 20,236 shares during the last quarter. Putnam Investments LLC increased its stake in Triplepoint Venture Growth BDC by 27.9% during the second quarter. Putnam Investments LLC now owns 211,722 shares of the investment management company’s stock worth $3,013,000 after acquiring an additional 46,162 shares during the last quarter. Acadian Asset Management LLC increased its stake in Triplepoint Venture Growth BDC by 75.9% during the second quarter. Acadian Asset Management LLC now owns 136,669 shares of the investment management company’s stock worth $1,945,000 after acquiring an additional 58,972 shares during the last quarter. Finally, Resource America Inc. increased its stake in Triplepoint Venture Growth BDC by 58.5% during the second quarter. Resource America Inc. now owns 102,285 shares of the investment management company’s stock worth $1,456,000 after acquiring an additional 37,749 shares during the last quarter. 31.00% of the stock is owned by hedge funds and other 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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