News coverage about TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) has been trending somewhat positive this week, according to Accern. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. 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 Corp. earned a news impact score of 0.23 on Accern’s scale. Accern also assigned news headlines about the investment management company an impact score of 47.2597281449942 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of TriplePoint Venture Growth BDC Corp. (NYSE TPVG) traded down 0.36% during midday trading on Friday, reaching $13.82. The company’s stock had a trading volume of 64,875 shares. TriplePoint Venture Growth BDC Corp. has a one year low of $10.25 and a one year high of $14.41. The stock’s 50 day moving average price is $13.22 and its 200 day moving average price is $13.46.
TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) last released its quarterly earnings data on Tuesday, August 8th. The investment management company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.23. TriplePoint Venture Growth BDC Corp. had a return on equity of 13.05% and a net margin of 56.60%. The firm had revenue of $15.68 million for the quarter, compared to analysts’ expectations of $11.49 million. On average, equities research analysts expect that TriplePoint Venture Growth BDC Corp. will post $1.69 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 10.42%. The ex-dividend date is Tuesday, August 29th. TriplePoint Venture Growth BDC Corp.’s dividend payout ratio is presently 76.19%.
TPVG has been the subject of a number of research reports. Zacks Investment Research lowered TriplePoint Venture Growth BDC Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, May 4th. ValuEngine lowered TriplePoint Venture Growth BDC Corp. from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 23rd.
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In other news, President Sajal Srivastava bought 8,000 shares of the business’s stock in a transaction on Wednesday, May 31st. The shares were bought at an average price of $13.10 per share, with a total value of $104,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.31% of the stock is owned by insiders.
About TriplePoint Venture Growth BDC Corp.
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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