Equities research analysts expect that TRIPLEPOINT VEN/COM (NYSE:TPVG) will report sales of $15.05 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for TRIPLEPOINT VEN/COM’s earnings. The highest sales estimate is $16.70 million and the lowest is $13.40 million. TRIPLEPOINT VEN/COM posted sales of $15.68 million in the same quarter last year, which would indicate a negative year over year growth rate of 4%. The firm is expected to announce its next earnings report on Tuesday, August 14th.
According to Zacks, analysts expect that TRIPLEPOINT VEN/COM will report full-year sales of $57.44 million for the current year, with estimates ranging from $53.87 million to $61.00 million. For the next fiscal year, analysts expect that the business will report sales of $63.04 million per share, with estimates ranging from $57.08 million to $69.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow TRIPLEPOINT VEN/COM.
Get TRIPLEPOINT VEN/COM alerts:
TRIPLEPOINT VEN/COM (NYSE:TPVG) last posted its quarterly earnings data on Wednesday, May 2nd. The investment management company reported $0.34 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.34. The business had revenue of $12.62 million during the quarter, compared to the consensus estimate of $12.85 million. TRIPLEPOINT VEN/COM had a return on equity of 10.77% and a net margin of 46.95%.
TPVG has been the subject of a number of research reports. Zacks Investment Research upgraded TRIPLEPOINT VEN/COM from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Thursday, March 15th. Keefe, Bruyette & Woods initiated coverage on TRIPLEPOINT VEN/COM in a report on Monday, April 16th. They set a “market perform” rating for the company. Finally, ValuEngine downgraded TRIPLEPOINT VEN/COM from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $14.00.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Macquarie Group Ltd. increased its stake in TRIPLEPOINT VEN/COM by 203.5% during the 4th quarter. Macquarie Group Ltd. now owns 17,814 shares of the investment management company’s stock worth $226,000 after acquiring an additional 11,944 shares during the period. Two Sigma Investments LP increased its stake in TRIPLEPOINT VEN/COM by 13.2% during the 4th quarter. Two Sigma Investments LP now owns 38,173 shares of the investment management company’s stock worth $484,000 after acquiring an additional 4,449 shares during the period. JPMorgan Chase & Co. increased its stake in TRIPLEPOINT VEN/COM by 66.4% during the 1st quarter. JPMorgan Chase & Co. now owns 47,100 shares of the investment management company’s stock worth $563,000 after acquiring an additional 18,798 shares during the period. BlackRock Inc. increased its stake in TRIPLEPOINT VEN/COM by 10.0% during the 4th quarter. BlackRock Inc. now owns 104,268 shares of the investment management company’s stock worth $1,323,000 after acquiring an additional 9,461 shares during the period. Finally, Wells Fargo & Company MN increased its stake in TRIPLEPOINT VEN/COM by 6.3% during the 4th quarter. Wells Fargo & Company MN now owns 455,672 shares of the investment management company’s stock worth $5,782,000 after acquiring an additional 27,200 shares during the period. 39.30% of the stock is owned by hedge funds and other institutional investors.
Shares of TRIPLEPOINT VEN/COM traded up $0.19, reaching $13.04, during mid-day trading on Friday, Marketbeat.com reports. 1,463 shares of the stock were exchanged, compared to its average volume of 103,831. The company has a market cap of $225.80 million, a PE ratio of 8.10, a PEG ratio of 0.88 and a beta of 1.21. TRIPLEPOINT VEN/COM has a one year low of $11.11 and a one year high of $14.19.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Thursday, May 31st were issued a dividend of $0.36 per share. The ex-dividend date was Wednesday, May 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 11.04%. TRIPLEPOINT VEN/COM’s payout ratio is presently 89.44%.
About TRIPLEPOINT VEN/COM
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.
Get a free copy of the Zacks research report on TRIPLEPOINT VEN/COM (TPVG)
For more information about research offerings from Zacks Investment Research, visit Zacks.com