TriplePoint Venture Growth BDC (NYSE:TPVG) Issues Earnings Results

TriplePoint Venture Growth BDC (NYSE:TPVG) released its quarterly earnings results on Monday, March 12th. The investment management company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.02), Bloomberg Earnings reports. The firm had revenue of $11.11 million for the quarter, compared to analysts’ expectations of $11.78 million. TriplePoint Venture Growth BDC had a net margin of 37.33% and a return on equity of 11.94%.

NYSE TPVG traded up $0.15 on Thursday, reaching $12.06. The stock had a trading volume of 55,889 shares, compared to its average volume of 87,484. The firm has a market cap of $209.35, a price-to-earnings ratio of 7.49, a PEG ratio of 0.81 and a beta of 1.20. TriplePoint Venture Growth BDC has a 12-month low of $11.11 and a 12-month high of $14.41.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 6th. Shareholders of record on Friday, March 23rd will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 11.94%. The ex-dividend date is Thursday, March 22nd. TriplePoint Venture Growth BDC’s payout ratio is 89.44%.

Several analysts have recently commented on TPVG shares. Ladenburg Thalmann Financial Services started coverage on shares of TriplePoint Venture Growth BDC in a research report on Tuesday, December 12th. They set a “neutral” rating on the stock. ValuEngine lowered shares of TriplePoint Venture Growth BDC from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research raised TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th.

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About TriplePoint Venture Growth BDC

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.

Earnings History for TriplePoint Venture Growth BDC (NYSE:TPVG)

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