TriplePoint Venture Growth BDC Corp. (TPVG) to Release Earnings on Monday
TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) is scheduled to be releasing its earnings data after the market closes on Monday, November 6th. Analysts expect TriplePoint Venture Growth BDC Corp. to post earnings of $0.28 per share for the quarter.
TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) last posted its quarterly earnings results on Tuesday, August 8th. The investment management company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.23. The firm had revenue of $15.68 million during the quarter, compared to analyst estimates of $11.49 million. TriplePoint Venture Growth BDC Corp. had a return on equity of 13.05% and a net margin of 56.60%. On average, analysts expect TriplePoint Venture Growth BDC Corp. to post $1.69 EPS for the current fiscal year and $1.46 EPS for the next fiscal year.
TriplePoint Venture Growth BDC Corp. (TPVG) traded down 1.93% during trading on Wednesday, hitting $13.70. The stock had a trading volume of 25,738 shares. TriplePoint Venture Growth BDC Corp. has a 52-week low of $10.25 and a 52-week high of $14.41. The stock’s 50-day moving average is $13.48 and its 200-day moving average is $13.47.
In other TriplePoint Venture Growth BDC Corp. news, CFO Andrew Olson purchased 7,386 shares of the firm’s stock in a transaction on Wednesday, October 25th. The stock was bought at an average cost of $13.65 per share, for a total transaction of $100,818.90. Following the completion of the purchase, the chief financial officer now owns 7,386 shares in the company, valued at approximately $100,818.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Sajal Srivastava purchased 44,313 shares of the firm’s stock in a transaction on Wednesday, October 25th. The stock was acquired at an average price of $13.65 per share, with a total value of $604,872.45. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 73,855 shares of company stock valued at $1,008,121. 1.31% of the stock is currently owned by company insiders.
A number of equities research analysts recently weighed in on the company. Compass Point cut TriplePoint Venture Growth BDC Corp. from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $14.41 to $14.00 in a research note on Tuesday, August 29th. ValuEngine upgraded TriplePoint Venture Growth BDC Corp. from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 10th.
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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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