Wall Street brokerages expect Triplepoint Venture Growth BDC Corp (NYSE:TPVG) to report earnings of $0.50 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Triplepoint Venture Growth BDC’s earnings, with the lowest EPS estimate coming in at $0.39 and the highest estimate coming in at $0.65. Triplepoint Venture Growth BDC posted earnings of $0.27 per share in the same quarter last year, which indicates a positive year over year growth rate of 85.2%. The company is scheduled to announce its next quarterly earnings report on Monday, November 5th.

According to Zacks, analysts expect that Triplepoint Venture Growth BDC will report full year earnings of $1.74 per share for the current financial year, with EPS estimates ranging from $1.63 to $2.03. For the next financial year, analysts forecast that the firm will report earnings of $1.69 per share, with EPS estimates ranging from $1.52 to $1.86. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Triplepoint Venture Growth BDC.

Triplepoint Venture Growth BDC (NYSE:TPVG) last released its earnings results on Wednesday, August 1st. The investment management company reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.10. The firm had revenue of $16.55 million for the quarter, compared to the consensus estimate of $13.40 million. Triplepoint Venture Growth BDC had a net margin of 47.08% and a return on equity of 10.49%.

A number of research firms have recently weighed in on TPVG. Zacks Investment Research raised shares of Triplepoint Venture Growth BDC from a “hold” rating to a “strong-buy” rating and set a $16.00 target price on the stock in a research report on Tuesday, August 7th. Wells Fargo & Co initiated coverage on shares of Triplepoint Venture Growth BDC in a research report on Thursday, September 20th. They issued an “outperform” rating and a $14.25 target price on the stock. Compass Point set a $14.00 price objective on shares of Triplepoint Venture Growth BDC and gave the company a “buy” rating in a research report on Monday, August 13th. Keefe, Bruyette & Woods set a $14.00 price objective on shares of Triplepoint Venture Growth BDC and gave the company a “hold” rating in a research report on Wednesday, August 1st. Finally, ValuEngine downgraded shares of Triplepoint Venture Growth BDC from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $14.56.

Shares of NYSE:TPVG traded down $0.10 during midday trading on Friday, reaching $12.89. The company’s stock had a trading volume of 1,256 shares, compared to its average volume of 136,297. The company has a market capitalization of $241.51 million, a PE ratio of 8.04, a P/E/G ratio of 2.60 and a beta of 1.22. Triplepoint Venture Growth BDC has a 12-month low of $11.11 and a 12-month high of $14.15.

Hedge funds have recently made changes to their positions in the stock. Essex Investment Management Co. LLC boosted its holdings in shares of Triplepoint Venture Growth BDC by 22.4% during the 2nd quarter. Essex Investment Management Co. LLC now owns 91,578 shares of the investment management company’s stock valued at $1,138,000 after acquiring an additional 16,750 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Triplepoint Venture Growth BDC by 66.4% during the 1st quarter. JPMorgan Chase & Co. now owns 47,100 shares of the investment management company’s stock valued at $563,000 after acquiring an additional 18,798 shares during the last quarter. West Family Investments Inc. purchased a new stake in shares of Triplepoint Venture Growth BDC during the 2nd quarter valued at about $581,000. Bank of Montreal Can purchased a new stake in shares of Triplepoint Venture Growth BDC during the 2nd quarter valued at about $2,707,000. Finally, Texas Yale Capital Corp. boosted its holdings in shares of Triplepoint Venture Growth BDC by 84.4% during the 2nd quarter. Texas Yale Capital Corp. now owns 42,600 shares of the investment management company’s stock valued at $530,000 after acquiring an additional 19,500 shares during the last quarter. 38.27% of the stock is currently owned by institutional investors.

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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