TriplePoint Venture Growth BDC (NYSE:TPVG – Get Free Report) issued its quarterly earnings results on Wednesday. The investment management company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.03), Yahoo Finance reports. The business had revenue of $29.27 million for the quarter, compared to analyst estimates of $31.25 million. TriplePoint Venture Growth BDC had a positive return on equity of 19.30% and a negative net margin of 29.68%. During the same quarter in the previous year, the business posted $0.53 earnings per share.
TriplePoint Venture Growth BDC Stock Down 1.2 %
TPVG traded down $0.11 during trading on Friday, hitting $9.20. 528,967 shares of the company’s stock were exchanged, compared to its average volume of 290,342. TriplePoint Venture Growth BDC has a fifty-two week low of $8.88 and a fifty-two week high of $12.70. The stock has a market cap of $346.10 million, a P/E ratio of -8.36 and a beta of 1.75. The business’s 50 day moving average is $9.56 and its two-hundred day moving average is $10.25.
TriplePoint Venture Growth BDC Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 17.39%. The ex-dividend date of this dividend is Friday, June 14th. TriplePoint Venture Growth BDC’s payout ratio is currently -145.45%.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on TPVG
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.
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