TriplePoint Venture Growth BDC (TPVG) Earning Somewhat Favorable News Coverage, Analysis Finds
Media stories about TriplePoint Venture Growth BDC (NYSE:TPVG) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TriplePoint Venture Growth BDC earned a news impact score of 0.05 on Accern’s scale. Accern also assigned media headlines about the investment management company an impact score of 44.8652862958909 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of brokerages have recently weighed in on TPVG. Compass Point raised shares of TriplePoint Venture Growth BDC from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 28th. ValuEngine lowered shares of TriplePoint Venture Growth BDC from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 16th. Finally, Zacks Investment Research lowered shares of TriplePoint Venture Growth BDC from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th.
Shares of TriplePoint Venture Growth BDC (NYSE:TPVG) opened at $13.53 on Monday. The firm has a market cap of $239.63, a PE ratio of 8.35, a PEG ratio of 0.82 and a beta of 1.36. TriplePoint Venture Growth BDC has a 52 week low of $11.66 and a 52 week high of $14.41.
TriplePoint Venture Growth BDC (NYSE:TPVG) last announced its earnings results on Monday, November 6th. The investment management company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The company had revenue of $10.42 million for the quarter, compared to the consensus estimate of $11.22 million. TriplePoint Venture Growth BDC had a net margin of 43.72% and a return on equity of 12.05%. equities analysts predict that TriplePoint Venture Growth BDC will post 1.64 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 17th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 10.64%. The ex-dividend date of this dividend was Thursday, November 16th. TriplePoint Venture Growth BDC’s payout ratio is 101.41%.
In other TriplePoint Venture Growth BDC news, President Sajal Srivastava acquired 44,313 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The shares were acquired at an average price of $13.65 per share, with a total value of $604,872.45. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO James Labe acquired 22,156 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The shares were acquired at an average cost of $13.65 per share, for a total transaction of $302,429.40. The disclosure for this purchase can be found here. Insiders have bought a total of 73,855 shares of company stock worth $1,008,121 in the last ninety days. Insiders own 1.31% of the company’s stock.
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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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