TriplePoint Venture Growth BDC Corp. (TPVG) Announces Quarterly Earnings Results, Beats Estimates By $0.23 EPS
TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) issued its earnings results on Tuesday. The investment management company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.23, Bloomberg Earnings reports. TriplePoint Venture Growth BDC Corp. had a net margin of 47.29% and a return on equity of 11.31%.
TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) opened at 12.85 on Wednesday. TriplePoint Venture Growth BDC Corp. has a one year low of $10.25 and a one year high of $14.41. The company has a 50-day moving average of $13.14 and a 200 day moving average of $13.43.
In other news, President Sajal Srivastava purchased 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The shares were bought at an average price of $13.10 per share, for a total transaction of $104,800.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.31% of the stock is currently owned by company insiders.
TPVG has been the subject of several recent analyst reports. ValuEngine downgraded shares of TriplePoint Venture Growth BDC Corp. from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 23rd. Zacks Investment Research downgraded shares of TriplePoint Venture Growth BDC Corp. from a “buy” rating to a “hold” rating in a report on Thursday, May 4th.
About TriplePoint Venture Growth BDC Corp.
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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