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%.
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.
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