TriplePoint Venture Growth BDC (NYSE:TPVG) posted its quarterly earnings data on Monday. The investment management company reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.02), Bloomberg Earnings reports. TriplePoint Venture Growth BDC had a net margin of 37.33% and a return on equity of 12.21%. The company had revenue of $11.11 million for the quarter, compared to the consensus estimate of $11.78 million.
Shares of TriplePoint Venture Growth BDC (NYSE:TPVG) opened at $12.19 on Wednesday. The company has a market capitalization of $208.99, a price-to-earnings ratio of 7.28, a price-to-earnings-growth ratio of 0.83 and a beta of 1.30. TriplePoint Venture Growth BDC has a fifty-two week low of $11.11 and a fifty-two week high of $14.41.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 6th. Shareholders of record on Friday, March 23rd will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 11.81%. The ex-dividend date of this dividend is Thursday, March 22nd. TriplePoint Venture Growth BDC’s payout ratio is 121.01%.
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TriplePoint Venture Growth BDC 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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