Media stories about TriplePoint Venture Growth BDC (NYSE:TPVG) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TriplePoint Venture Growth BDC earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news articles about the investment management company an impact score of 47.7495120006325 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
TPVG has been the topic of several analyst reports. Compass Point upgraded shares of TriplePoint Venture Growth BDC from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 28th. Ladenburg Thalmann Financial Services initiated coverage on shares of TriplePoint Venture Growth BDC in a research report on Tuesday, December 12th. They set a “neutral” rating on the stock. Zacks Investment Research upgraded shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Finally, ValuEngine lowered shares of TriplePoint Venture Growth BDC from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd.
Shares of TPVG stock opened at $12.20 on Wednesday. The company has a market cap of $215.54, a price-to-earnings ratio of 10.25, a P/E/G ratio of 0.83 and a beta of 1.30. TriplePoint Venture Growth BDC has a 52-week low of $11.11 and a 52-week high of $14.41.
TriplePoint Venture Growth BDC (NYSE:TPVG) last announced its earnings results on Monday, March 12th. The investment management company reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.02). TriplePoint Venture Growth BDC had a net margin of 37.33% and a return on equity of 11.94%. The company had revenue of $11.11 million during the quarter, compared to analyst estimates of $11.78 million. research analysts forecast that TriplePoint Venture Growth BDC will post 1.47 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 6th. Stockholders of record on Friday, March 23rd will be given a $0.36 dividend. The ex-dividend date is Thursday, March 22nd. This represents a $1.44 annualized dividend and a dividend yield of 11.80%. TriplePoint Venture Growth BDC’s dividend payout ratio (DPR) is 121.01%.
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.
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