TriplePoint Venture Growth BDC (TPVG) to Release Earnings on Wednesday

TriplePoint Venture Growth BDC (NYSE:TPVG - Get Free Report) is set to post its quarterly earnings results 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. Parties interested in participating in the company's conference call can do so using this link.

TriplePoint Venture Growth BDC (NYSE:TPVG - Get Free Report) last posted its earnings results on Wednesday, August 7th. The investment management company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.10). The business had revenue of $27.11 million for the quarter, compared to the consensus estimate of $28.77 million. TriplePoint Venture Growth BDC had a positive return on equity of 18.24% and a negative net margin of 8.03%. During the same quarter in the prior year, the firm posted $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 Price Performance

Shares of TriplePoint Venture Growth BDC stock traded down $0.01 on Wednesday, hitting $6.62. The company had a trading volume of 194,900 shares, compared to its average volume of 358,942. The stock has a 50-day moving average of $7.09 and a 200-day moving average of $8.17. The firm has a market capitalization of $264.47 million, a P/E ratio of -22.13 and a beta of 1.79. TriplePoint Venture Growth BDC has a twelve month low of $6.60 and a twelve month high of $11.58.

TriplePoint Venture Growth BDC Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 18.13%. The ex-dividend date was Monday, September 16th. TriplePoint Venture Growth BDC's payout ratio is -399.99%.

Insider Buying and Selling

In related news, President Sajal Srivastava bought 11,298 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was acquired at an average cost of $7.02 per share, with a total value of $79,311.96. Following the transaction, the president now directly owns 250,858 shares in the company, valued at approximately $1,761,023.16. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

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.