Wall Street analysts expect that TriplePoint Venture Growth BDC Corp (NYSE:TPVG) will report earnings per share of $0.32 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for TriplePoint Venture Growth BDC’s earnings. The highest EPS estimate is $0.34 and the lowest is $0.30. TriplePoint Venture Growth BDC posted earnings of $0.30 per share in the same quarter last year, which suggests a positive year over year growth rate of 6.7%. The business is expected to issue its next earnings results on Monday, March 12th.

According to Zacks, analysts expect that TriplePoint Venture Growth BDC will report full-year earnings of $1.64 per share for the current financial year, with EPS estimates ranging from $1.62 to $1.66. For the next financial year, analysts forecast that the business will post earnings of $1.43 per share, with EPS estimates ranging from $1.42 to $1.44. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for TriplePoint Venture Growth BDC.

TriplePoint Venture Growth BDC (NYSE:TPVG) last posted its quarterly earnings results on Monday, November 6th. The investment management company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.01). TriplePoint Venture Growth BDC had a return on equity of 12.05% and a net margin of 43.72%. The business had revenue of $10.42 million during the quarter, compared to analysts’ expectations of $11.22 million.

Several analysts have recently issued reports on TPVG shares. Zacks Investment Research raised TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a report on Thursday. Compass Point raised TriplePoint Venture Growth BDC from a “neutral” rating to a “buy” rating in a report on Tuesday, November 28th. ValuEngine cut TriplePoint Venture Growth BDC from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 16th. Finally, Ladenburg Thalmann Financial Services started coverage on TriplePoint Venture Growth BDC in a report on Tuesday, December 12th. They set a “neutral” rating on the stock. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $14.00.

In related news, CFO Andrew Olson purchased 7,386 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The shares were bought at an average price of $13.65 per share, for a total transaction of $100,818.90. Following the acquisition, the chief financial officer now owns 7,386 shares of the company’s stock, valued at approximately $100,818.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO James Labe purchased 22,156 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The shares were bought at an average price 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 over the last ninety days. Insiders own 1.31% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC raised its holdings in TriplePoint Venture Growth BDC by 3,082.2% during the 2nd quarter. Advisory Services Network LLC now owns 8,751 shares of the investment management company’s stock valued at $116,000 after buying an additional 8,476 shares during the period. Susquehanna International Group LLP raised its holdings in TriplePoint Venture Growth BDC by 206.2% during the 2nd quarter. Susquehanna International Group LLP now owns 15,717 shares of the investment management company’s stock valued at $209,000 after buying an additional 30,510 shares during the period. GSA Capital Partners LLP raised its holdings in TriplePoint Venture Growth BDC by 35.0% during the 2nd quarter. GSA Capital Partners LLP now owns 15,800 shares of the investment management company’s stock valued at $210,000 after buying an additional 4,100 shares during the period. JPMorgan Chase & Co. raised its holdings in TriplePoint Venture Growth BDC by 1,418.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 18,238 shares of the investment management company’s stock valued at $242,000 after buying an additional 17,037 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in TriplePoint Venture Growth BDC during the 2nd quarter valued at $354,000. Institutional investors own 33.76% of the company’s stock.

TriplePoint Venture Growth BDC (NYSE TPVG) opened at $12.98 on Friday. TriplePoint Venture Growth BDC has a twelve month low of $12.22 and a twelve month high of $14.41. The company has a market capitalization of $228.83, a P/E ratio of 9.20, a P/E/G ratio of 0.91 and a beta of 1.36.

COPYRIGHT VIOLATION WARNING: This story was first published by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.watchlistnews.com/0-32-eps-expected-for-triplepoint-venture-growth-bdc-corp-tpvg-this-quarter/1804156.html.

About TriplePoint Venture Growth BDC

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 Venture Growth BDC (TPVG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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 Analyst Ratings Network's FREE daily email newsletter.