TriplePoint Venture Growth BDC Corp. (TPVG)
Market Cap | 315.19M |
Revenue (ttm) | 113.97M |
Net Income (ttm) | 10.44M |
Shares Out | 40.05M |
EPS (ttm) | 0.27 |
PE Ratio | 28.81 |
Forward PE | 5.97 |
Dividend | $1.50 (19.06%) |
Ex-Dividend Date | Sep 16, 2024 |
Volume | 479,293 |
Open | 7.54 |
Previous Close | 7.54 |
Day's Range | 7.54 - 7.94 |
52-Week Range | 6.44 - 11.58 |
Beta | 1.80 |
Analysts | Hold |
Price Target | 7.56 (-3.94%) |
Earnings Date | Nov 6, 2024 |
About TPVG
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. The fund seeks to invest in e-commerce, entertainment, technology and life sciences sector. Within technology the areas of focus include: Security, wireless communication equipments, ... [Read more]
Financial Performance
In 2023, TPVG's revenue was $135.60 million, an increase of 13.69% compared to the previous year's $119.26 million. Losses were -$39.82 million, 98.4% more than in 2022.
Financial StatementsAnalyst Forecast
According to 6 analysts, the average rating for TPVG stock is "Hold." The 12-month stock price forecast is $7.56, which is a decrease of -3.94% from the latest price.
News
TriplePoint Venture Growth: The Worst May Be Over (Rating Upgrade)
I initially issued a sell rating on TriplePoint Venture Growth due to weak net investment income and questionable distribution coverage, but recent Q3 earnings show improvement. TPVG's portfolio strat...
TriplePoint Venture Growth (TPVG) Q3 2024 Earnings Call Transcript
TriplePoint Venture Growth (TPVG) Q3 2024 Earnings Call Transcript
TriplePoint Venture Growth BDC Corp. Announces Third Quarter 2024 Financial Results
MENLO PARK, Calif.--(BUSINESS WIRE)--TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the “Company,” “TPVG,” “we,” “us,” or “our”), the leading financing provider to venture growth stage companies b...
TriplePoint Venture Growth BDC Corp. to Announce 2024 Third Quarter Financial Results on Wednesday, November 6, 2024
MENLO PARK, Calif.--(BUSINESS WIRE)--TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the “Company”), the leading financing provider to venture growth stage companies backed by a select group of ven...
Readers Identify 25 Ideal September Dividend Buys Out Of 39 Picks
Since May 2017, any dividend-paying stock mentioned by readers is included in my reader favorite listings, highlighting potential opportunities and risks. My stock lists aim to identify promising divi...
TriplePoint Venture: Upgrading The 18% Yielder Ahead Of Q3 Results
TriplePoint Venture Growth had, and perhaps still has, major issues. One new insider stepped up to buy more shares. We assess the ruins and tell you why we are giving this an upgrade.
TriplePoint Venture Growth: Stay Away From This 17% Yield (Rating Downgrade)
TriplePoint Venture Growth offers a high dividend yield but has a risky portfolio and poor net asset value performance, making it a less attractive investment. TriplePoint focuses on tech and venture ...
2 Lessons From BDCs That Recently Cut Their Dividends
The fears of BDC dividends becoming unsustainable are rising. The primary driver for this is falling interest rates. While I fully appreciate this risk, in my opinion, by being very selective, investo...
2 BDCs At Discounts Of ~20% With Attractive Asymmetric Profiles
This is not the right time to take high risk in the BDC space. Yet, as it is often the case, a challenging environment creates opportunities. In this article, I elaborate on two BDCs which indeed have...
How I Would Invest $100,000 For Big Dividends In September 2024
I discuss which areas of the market are most opportunistic for generating high yield income right now. I share some of my top picks within those sectors. I also share how I would deploy $100,000 of ne...
TriplePoint Venture Growth: 25% Dividend Cut, What Now? (Rating Upgrade)
TriplePoint Venture Growth cut its dividend by 25% due to insufficient net investment income and high non-accrual percentages, leading to significant selling pressure on the BDC's shares. The BDC's we...
BDC Weekly Review: Yield Myopia Ignores The Right Metrics
We take a look at the action in business development companies through the second week of August and highlight some of the key themes we are watching. BDCs underperformed with a total return of -2% du...
TriplePoint Venture Growth: Don't Get Caught Going Down With The Ship
TriplePoint Venture Growth has faced headwinds, cutting its dividend by 25% and underperforming peers in the BDC sector the past two years. TPVG's latest earnings showed missed estimates, declining po...
TriplePoint Venture Growth: 25% Dividend Cut - What To Do Now?
TriplePoint Venture Growth BDC stock price plummeted 7% to a new 52-week low after worse-than-expected Q2 results. TPVG realigned its dividend with lower net investment income, resulting in a 25% cut ...
TriplePoint Venture: New Distribution Looks Unsustainable As Well
TriplePoint Venture Growth stock dropped after its Q2 2024 results. TriplePoint Venture's distribution cut was to blame. With its equity issuance window closed, TPVG has a whole host of challenges to ...
TriplePoint Venture: Disappointing Q2 Earnings Results In Distribution Cut
TriplePoint Venture Growth (TPVG) operates as a BDC focusing on venture capital backed companies with a high dividend yield of 14.7%. TriplePoint Venture continues to underperform other peer BDCs, wit...
TriplePoint Venture Growth (TPVG) Q2 2024 Earnings Call Transcript
TriplePoint Venture Growth (NYSE:TPVG) Q2 2024 Earnings Conference Call August 7, 2024 5:00 PM ET Company Participants Jim Labe - Chief Executive Officer & Chairman Sajal Srivastava - President & Chi...
TriplePoint Venture Growth BDC Corp. Announces Second Quarter 2024 Financial Results
MENLO PARK, Calif.--(BUSINESS WIRE)--TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the “Company,” “TPVG,” “we,” “us,” or “our”), the leading financing provider to venture growth stage companies b...
TriplePoint Venture Growth BDC Corp. Renews Revolving Credit Facility
MENLO PARK, Calif.--(BUSINESS WIRE)--TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the “Company,” “TPVG,” “we,” “us,” or “our”), the leading financing provider to venture growth stage companies b...
TriplePoint Venture Growth BDC Corp. to Announce 2024 Second Quarter Financial Results on Wednesday, August 7, 2024
MENLO PARK, Calif.--(BUSINESS WIRE)--TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the “Company”), the leading financing provider to venture growth stage companies backed by a select group of ven...
I Am Earning 19% Yield On My Latest Buy: TriplePoint Venture
Black sheeps are misunderstood vs. the rest of the herd. So is TriplePoint in the sea of BDCs. We take a deeper and closer look at their fundamental health. If you just use one measure for an entire s...
Readers Identify 30 Ideal June Dividend Buys Out Of 40 Nods
Prior to June 30, 2024, my REaders mentioned 40 equities in their comments on my articles. Some bad news investments (ROgues) mixed with (mostly) FAvorites. Thus, readers commented about the ReFa/Ro. ...
TriplePoint Venture Growth: Value Loss Vs. Valuation Compression, Lessons From High Yield
We gave TPVG a Sell rating the last time around and came out ahead by not taking capital losses. TPVG has trailed BIZD by 18% since then. We review the Q1-2024 results and tell you why the dividend cu...
Readers Identify 29 Ideal May Dividend Buys
Prior to May 31, 2024, my Readers mentioned 37 equities in their comments on my articles. Some bad-news investments (Rogues) mixed with (mostly) Favorites. Thus, readers commented about the ReFa/Ro. T...
TriplePoint Venture Growth BDC Corp. Announces Retirement of Chief Financial Officer
MENLO PARK, Calif.--(BUSINESS WIRE)--TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the “Company,” “TPVG,” “we,” “us,” or “our”), the leading financing provider to venture growth stage companies b...