Equities analysts expect that TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) will report sales of $11.49 million for the current quarter, according to Zacks. Two analysts have provided estimates for TriplePoint Venture Growth BDC Corp.’s earnings. The highest sales estimate is $11.50 million and the lowest is $11.48 million. TriplePoint Venture Growth BDC Corp. reported sales of $9.41 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 22.1%. The business is scheduled to report its next quarterly earnings results on Monday, August 14th.

According to Zacks, analysts expect that TriplePoint Venture Growth BDC Corp. will report full year sales of $11.49 million for the current fiscal year, with estimates ranging from $50.00 million to $50.58 million. For the next financial year, analysts anticipate that the business will report sales of $51.82 million per share, with estimates ranging from $51.64 million to $52.00 million. Zacks’ sales calculations are an average based on a survey of research firms that follow TriplePoint Venture Growth BDC Corp..

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

TPVG has been the subject of several recent research reports. Zacks Investment Research raised TriplePoint Venture Growth BDC Corp. from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Thursday, March 16th. ValuEngine cut TriplePoint Venture Growth BDC Corp. from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 23rd.

TriplePoint Venture Growth BDC Corp. (TPVG) opened at 13.46 on Friday. TriplePoint Venture Growth BDC Corp. has a one year low of $10.25 and a one year high of $14.41. The firm’s 50-day moving average price is $13.42 and its 200-day moving average price is $13.31.

The business also recently declared a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Wednesday, May 31st were paid a $0.36 dividend. The ex-dividend date of this dividend was Friday, May 26th. This represents a $1.44 annualized dividend and a dividend yield of 10.70%. TriplePoint Venture Growth BDC Corp.’s payout ratio is 103.60%.

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In other TriplePoint Venture Growth BDC Corp. news, President Sajal Srivastava bought 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The stock was acquired at an average price of $13.10 per share, with a total value of $104,800.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.31% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in TPVG. Trexquant Investment LP acquired a new stake in TriplePoint Venture Growth BDC Corp. during the first quarter valued at approximately $159,000. Two Sigma Investments LP boosted its stake in 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 valued at $1,393,000 after buying an additional 24,221 shares in the last quarter. PVG Asset Management Corp acquired a new stake in TriplePoint Venture Growth BDC Corp. during the first quarter valued at approximately $1,715,000. Guggenheim Capital LLC boosted its stake in 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 valued at $2,927,000 after buying an additional 41,011 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in TriplePoint Venture Growth BDC Corp. by 12.9% in the first quarter. Wells Fargo & Company MN now owns 388,439 shares of the investment management company’s stock valued at $5,415,000 after buying an additional 44,399 shares in the last quarter. 41.50% of the stock is owned by institutional investors and hedge funds.

TriplePoint Venture Growth BDC Corp. Company Profile

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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