TriplePoint Venture Growth BDC (NYSE:TPVG - Get Free Report) posted its quarterly earnings results on Wednesday. The investment management company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.03), Zacks reports. TriplePoint Venture Growth BDC had a net margin of 9.01% and a return on equity of 16.86%. The business had revenue of $25.75 million during the quarter, compared to analyst estimates of $26.68 million.
TriplePoint Venture Growth BDC Trading Up 3.7 %
Shares of TPVG stock traded up $0.27 during trading hours on Friday, hitting $7.60. The company's stock had a trading volume of 353,236 shares, compared to its average volume of 382,665. The business has a fifty day moving average of $7.77 and a 200-day moving average of $7.50. TriplePoint Venture Growth BDC has a twelve month low of $6.44 and a twelve month high of $10.09. The stock has a market cap of $304.37 million, a price-to-earnings ratio of 36.19 and a beta of 1.90.
TriplePoint Venture Growth BDC Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 15.79%. The ex-dividend date is Monday, March 17th. TriplePoint Venture Growth BDC's payout ratio is currently 146.34%.
Analyst Upgrades and Downgrades
A number of research firms have commented on TPVG. Wells Fargo & Company raised their target price on TriplePoint Venture Growth BDC from $6.50 to $7.50 and gave the company an "equal weight" rating in a report on Tuesday, November 19th. StockNews.com upgraded shares of TriplePoint Venture Growth BDC from a "sell" rating to a "hold" rating in a research note on Friday, November 15th. Piper Sandler upped their target price on shares of TriplePoint Venture Growth BDC from $7.50 to $8.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, Compass Point lifted their price target on shares of TriplePoint Venture Growth BDC from $7.50 to $8.00 and gave the company a "neutral" rating in a research report on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, TriplePoint Venture Growth BDC currently has a consensus rating of "Hold" and a consensus target price of $7.80.
View Our Latest Analysis on TriplePoint Venture Growth BDC
About TriplePoint Venture Growth BDC
(
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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.
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