TriplePoint Venture Growth BDC (NYSE:TPVG – Get Free Report) announced its quarterly earnings results on Wednesday. The investment management company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.10), Zacks reports. The business had revenue of $27.11 million for the quarter, compared to analysts’ expectations of $28.77 million. TriplePoint Venture Growth BDC had a positive return on equity of 19.64% and a negative net margin of 29.68%. During the same period last year, the firm earned $0.53 earnings per share.
TriplePoint Venture Growth BDC Stock Down 3.5 %
TPVG stock traded down $0.26 during trading on Friday, hitting $7.21. The company had a trading volume of 1,208,630 shares, compared to its average volume of 365,028. The firm has a market cap of $272.90 million, a PE ratio of -6.50 and a beta of 1.78. TriplePoint Venture Growth BDC has a 1-year low of $7.10 and a 1-year high of $11.58. The firm has a 50-day moving average price of $8.55 and a 200-day moving average price of $9.43.
TriplePoint Venture Growth BDC Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 16.64%. The ex-dividend date is Monday, September 16th. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is presently -144.14%.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on TriplePoint Venture Growth BDC
About TriplePoint Venture Growth BDC
TriplePoint Venture Growth BDC Corp. is a business development company specializing investments in venture capital-backed companies at the growth stage investments. It also provides debt financing to venture growth space companies which includes growth capital loans, secured and customized loans, equipment financings, revolving loans and direct equity investments.
Further Reading
- Five stocks we like better than TriplePoint Venture Growth BDC
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- MarketBeat Week in Review – 8/5 – 8/9
- What Are Dividend Contenders? Investing in Dividend Contenders
- Cassava Sciences: A Hot Stock to Trade, Invest, or Avoid?
- 10 Best Airline Stocks to Buy
- The Cannabis Sector: Profitability Takes Center Stage
Receive News & Ratings for TriplePoint Venture Growth BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TriplePoint Venture Growth BDC and related companies with MarketBeat.com's FREE daily email newsletter.