Wall Street brokerages predict that TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) will post sales of $11.49 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for TriplePoint Venture Growth BDC Corp.’s earnings, with estimates ranging from $11.48 million to $11.50 million. TriplePoint Venture Growth BDC Corp. reported sales of $9.41 million during the same quarter last year, which suggests a positive year over year growth rate of 22.1%. The company is expected to issue its next earnings report on Monday, August 14th.

On average, analysts expect that TriplePoint Venture Growth BDC Corp. will report full-year sales of $11.49 million for the current financial year, with estimates ranging from $50.00 million to $50.58 million. For the next financial year, analysts forecast that the firm will post sales of $51.82 million per share, with estimates ranging from $51.64 million to $52.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for TriplePoint Venture Growth BDC Corp..

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) last issued its quarterly earnings data on Tuesday, May 9th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.03. The company had revenue of $14.30 million for the quarter, compared to analyst estimates of $14.49 million. TriplePoint Venture Growth BDC Corp. had a net margin of 47.29% and a return on equity of 11.31%.

A number of equities research analysts have commented on TPVG shares. TheStreet raised shares of TriplePoint Venture Growth BDC Corp. from a “c+” rating to a “b-” rating in a research report on Monday, March 6th. Zacks Investment Research raised shares of TriplePoint Venture Growth BDC Corp. from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Thursday, March 16th. Finally, ValuEngine downgraded shares of TriplePoint Venture Growth BDC Corp. from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 23rd. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $13.43.

In other TriplePoint Venture Growth BDC Corp. news, President Sajal Srivastava purchased 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The stock was purchased at an average price of $13.10 per share, for a total transaction of $104,800.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 1.31% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. West Family Investments Inc. purchased a new stake in TriplePoint Venture Growth BDC Corp. during the fourth quarter valued at approximately $354,000. Shelton Capital Management bought a new position in shares of TriplePoint Venture Growth BDC Corp. during the fourth quarter worth about $1,316,000. Two Sigma Investments LP increased its position in shares of TriplePoint Venture Growth BDC Corp. by 25.8% in the fourth quarter. Two Sigma Investments LP now owns 118,267 shares of the investment management company’s stock worth $1,393,000 after buying an additional 24,221 shares in the last quarter. Alyeska Investment Group L.P. increased its position in shares of TriplePoint Venture Growth BDC Corp. by 0.8% in the fourth quarter. Alyeska Investment Group L.P. now owns 307,289 shares of the investment management company’s stock worth $3,620,000 after buying an additional 2,449 shares in the last quarter. Finally, Guggenheim Capital LLC increased its position in shares of TriplePoint Venture Growth BDC Corp. by 19.8% in the fourth quarter. Guggenheim Capital LLC now owns 248,510 shares of the investment management company’s stock worth $2,927,000 after buying an additional 41,011 shares in the last quarter. Institutional investors own 42.37% of the company’s stock.

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Shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) traded down 3.74% during trading on Wednesday, reaching $13.13. 77,001 shares of the company traded hands. The firm’s 50 day moving average price is $13.62 and its 200-day moving average price is $13.25. TriplePoint Venture Growth BDC Corp. has a 52 week low of $9.80 and a 52 week high of $14.41.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Wednesday, May 31st will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 10.56%. The ex-dividend date is Friday, May 26th. TriplePoint Venture Growth BDC Corp.’s dividend payout ratio is currently 103.60%.

About TriplePoint Venture Growth BDC Corp.

TriplePoint Venture Growth BDC Corp. is a closed-end, non-diversified management investment company. The Company’s investment objective is to maximize its total return to stockholders primarily in the form of current income and, to a lesser extent, capital appreciation by primarily lending with warrants to venture growth stage companies focused in technology, life sciences and other high growth industries, which are backed by TriplePoint Capital LLC’s (TPC) select group of venture capital investors.

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