Triplepoint Venture Growth BDC (NYSE:TPVG) Releases Quarterly Earnings Results, Misses Expectations By $0.13 EPS

Triplepoint Venture Growth BDC (NYSE:TPVG) announced its quarterly earnings data on Wednesday. The investment management company reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.13), Fidelity Earnings reports. The firm had revenue of $15.69 million during the quarter, compared to analyst estimates of $19.27 million. Triplepoint Venture Growth BDC had a net margin of 76.70% and a return on equity of 11.84%.

Shares of Triplepoint Venture Growth BDC stock traded down $0.44 during trading on Friday, hitting $14.66. The stock had a trading volume of 476,326 shares, compared to its average volume of 200,142. The firm has a market cap of $419.63 million, a P/E ratio of 8.57, a PEG ratio of 3.38 and a beta of 1.07. The business has a fifty day moving average of $16.44 and a two-hundred day moving average of $15.22. Triplepoint Venture Growth BDC has a fifty-two week low of $10.25 and a fifty-two week high of $17.17.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.44 annualized dividend and a dividend yield of 9.82%. Triplepoint Venture Growth BDC’s dividend payout ratio (DPR) is 84.21%.

Several analysts have recently weighed in on the company. ValuEngine lowered Triplepoint Venture Growth BDC from a “hold” rating to a “sell” rating in a report on Friday. Zacks Investment Research lowered Triplepoint Venture Growth BDC from a “buy” rating to a “hold” rating in a report on Friday. Finally, Wells Fargo & Co upped their price objective on Triplepoint Venture Growth BDC from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $16.38.

Triplepoint Venture Growth BDC Company Profile

TriplePoint Venture Growth BDC Corp is a business development company specializing investments in growth stage. It also provides debt financing to venture growth space companies which includes growth capital loans, equipment financings, revolving loans, and direct equity investments. The fund seeks to invest in e-commerce, entertainment, technology and life sciences sector.

Featured Story: Why do analysts give a neutral rating?

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

Receive News & Ratings for Triplepoint Venture Growth BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triplepoint Venture Growth BDC and related companies with MarketBeat.com's FREE daily email newsletter.