Analysts expect TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) to announce $11.49 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for TriplePoint Venture Growth BDC Corp.’s earnings, with the highest sales estimate coming in at $11.50 million and the lowest estimate coming in at $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 firm is expected to report its next quarterly earnings report 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 financial year, with estimates ranging from $50.00 million to $50.58 million. For the next financial year, analysts expect that the firm will report sales of $51.82 million per share, with estimates ranging from $51.64 million to $52.00 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover 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 for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.03. The firm had revenue of $14.30 million for the quarter, compared to analyst estimates of $14.49 million. TriplePoint Venture Growth BDC Corp. had a return on equity of 11.31% and a net margin of 47.29%.

Several analysts have issued reports on TPVG shares. ValuEngine cut TriplePoint Venture Growth BDC Corp. from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 23rd. Zacks Investment Research cut TriplePoint Venture Growth BDC Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, May 4th.

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TriplePoint Venture Growth BDC Corp. (TPVG) traded up 0.15% on Friday, hitting $13.04. The stock had a trading volume of 61,832 shares. TriplePoint Venture Growth BDC Corp. has a 1-year low of $10.25 and a 1-year high of $14.41. The stock’s 50-day moving average is $13.42 and its 200 day moving average is $13.31.

The business also recently announced a quarterly dividend, which was paid on Friday, June 16th. Shareholders of record on Wednesday, May 31st were given a dividend of $0.36 per share. The ex-dividend date was Friday, May 26th. This represents a $1.44 annualized dividend and a yield of 11.04%. TriplePoint Venture Growth BDC Corp.’s dividend payout ratio (DPR) is presently 103.60%.

In other TriplePoint Venture Growth BDC Corp. news, President Sajal Srivastava acquired 8,000 shares of the firm’s stock in a transaction dated 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 purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 1.31% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of the company. Bank of Montreal Can purchased a new position in shares of TriplePoint Venture Growth BDC Corp. during the second quarter worth about $2,542,000. PVG Asset Management Corp bought a new position in TriplePoint Venture Growth BDC Corp. during the first quarter worth $1,715,000. UBS Group AG raised its position in TriplePoint Venture Growth BDC Corp. by 11.4% in the first quarter. UBS Group AG now owns 485,854 shares of the investment management company’s stock worth $6,772,000 after buying an additional 49,816 shares during the last quarter. Ares Management LLC raised its position in TriplePoint Venture Growth BDC Corp. by 5.3% in the first quarter. Ares Management LLC now owns 507,169 shares of the investment management company’s stock worth $7,070,000 after buying an additional 25,500 shares during the last quarter. Finally, Trexquant Investment LP bought a new position in TriplePoint Venture Growth BDC Corp. during the first quarter worth $159,000. Institutional investors own 41.50% of the company’s stock.

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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