TriplePoint Venture Growth BDC Corp. (TPVG) to Issue Quarterly Dividend of $0.06 on December 30th

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) declared a quarterly dividend on Tuesday, August 4th. Stockholders of record on Wednesday, December 16th will be paid a dividend of 0.06 per share by the investment management company on Wednesday, December 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Wednesday, December 16th.

TriplePoint Venture Growth BDC has decreased its dividend payment by an average of 0.1%annually over the last three years. TriplePoint Venture Growth BDC has a dividend payout ratio of 86.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect TriplePoint Venture Growth BDC to earn $0.84 per share next year, which means the company may not be able to cover its $0.92 annual dividend with an expected future payout ratio of 109.5%.

TriplePoint Venture Growth BDC Trading Up 9.6%

Shares of TPVG traded up $0.45 during trading hours on Thursday, reaching $5.07. The stock had a trading volume of 98,196 shares, compared to its average volume of 372,937. The firm has a 50-day simple moving average of $4.93 and a 200 day simple moving average of $5.30. TriplePoint Venture Growth BDC has a 12 month low of $4.39 and a 12 month high of $6.95. The company has a market capitalization of $205.64 million, a price-to-earnings ratio of 4.77 and a beta of 1.28.

TriplePoint Venture Growth BDC (NYSE:TPVG) last announced its quarterly earnings results on Wednesday, August 5th. The investment management company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.03). TriplePoint Venture Growth BDC had a net margin of 46.77% and a return on equity of 11.54%. The business had revenue of $24.48 million for the quarter, compared to the consensus estimate of $22.88 million. On average, equities analysts forecast that TriplePoint Venture Growth BDC will post 0.95 EPS for the current year.

Institutional Trading of TriplePoint Venture Growth BDC

Institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC boosted its position in TriplePoint Venture Growth BDC by 28.1% in the first quarter. Jane Street Group LLC now owns 67,693 shares of the investment management company’s stock worth $472,000 after purchasing an additional 14,865 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of TriplePoint Venture Growth BDC during the 2nd quarter valued at $35,000. Marshall Wace LLP raised its stake in shares of TriplePoint Venture Growth BDC by 44.9% during the 2nd quarter. Marshall Wace LLP now owns 529,201 shares of the investment management company’s stock worth $3,710,000 after purchasing an additional 163,916 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of TriplePoint Venture Growth BDC by 75.6% in the 2nd quarter. Osaic Holdings Inc. now owns 35,945 shares of the investment management company’s stock worth $252,000 after buying an additional 15,478 shares during the last quarter. Finally, Two Sigma Investments LP boosted its holdings in shares of TriplePoint Venture Growth BDC by 58.6% in the 3rd quarter. Two Sigma Investments LP now owns 612,727 shares of the investment management company’s stock worth $3,535,000 after buying an additional 226,479 shares during the last quarter. 12.77% of the stock is owned by hedge funds and other institutional investors.

About TriplePoint Venture Growth BDC

TriplePoint Venture Growth BDC Inc is a closed-end management investment company externally managed by TriplePoint Capital LLC. The firm specializes in providing customized debt and equity financing to growth-stage, venture capital– and private equity–backed companies. Its financing solutions include senior secured loans, unitranche facilities, subordinated debt and selective equity co-investments tailored to support expansion, working capital needs and strategic initiatives.

Launched in September 2018 and listed on the New York Stock Exchange under the symbol TPVG, TriplePoint Venture Growth BDC leverages the deep industry expertise and established underwriting capabilities of TriplePoint Capital, a venture lender since 2003.