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TriplePoint Venture Growth BDC (TPVG) Stock Price, News & Analysis

TriplePoint Venture Growth BDC logo
$7.90 +0.01 (+0.13%)
(As of 11/15/2024 ET)

About TriplePoint Venture Growth BDC Stock (NYSE:TPVG)

Key Stats

Today's Range
$7.88
$7.98
50-Day Range
$6.50
$7.95
52-Week Range
$6.44
$11.58
Volume
263,982 shs
Average Volume
319,084 shs
Market Capitalization
$316.40 million
P/E Ratio
37.62
Dividend Yield
15.19%
Price Target
$7.65
Consensus Rating
Reduce

Company Overview

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, network system and software, business applications software, conferencing equipments/services .big data, cloud computing, data storage, electronics, energy efficiency, hardware, information services, internet and media, networking, semiconductors, software, software as a service, and other technology related subsectors and within life sciences the areas of focus include: biotechnology, bio fuels/bio mass, diagnostic testing and bioinformatics, drug delivery, drug discovery, healthcare information systems, healthcare services, medical, surgical and therapeutic devices, pharmaceuticals and other life science related subsectors. Within growth capital loans it invests between $5 million and $50 million, for equipment financings it invests between $5 million and $25 million, for revolving loans it invests between $1 million and $25 million, and for direct equity investments it may invest between $0.1 million and $5 million (generally not exceeding 5% of the company's total equity). The debt financing products are typically structured as lines of credit and it invests through warrants and secured loans. It targeted returns between 10% and 18%. It does not take board seat in the company.

TriplePoint Venture Growth BDC Stock Analysis - MarketRank™

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25th Percentile Overall Score

TPVG MarketRank™: 

TriplePoint Venture Growth BDC scored higher than 25% of companies evaluated by MarketBeat, and ranked 873rd out of 963 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    TriplePoint Venture Growth BDC has received a consensus rating of Reduce. The company's average rating score is 1.83, and is based on no buy ratings, 5 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    TriplePoint Venture Growth BDC has only been the subject of 3 research reports in the past 90 days.

  • Read more about TriplePoint Venture Growth BDC's stock forecast and price target.
  • Earnings Growth

    Earnings for TriplePoint Venture Growth BDC are expected to decrease by -8.57% in the coming year, from $1.40 to $1.28 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of TriplePoint Venture Growth BDC is 37.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 109.33.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of TriplePoint Venture Growth BDC is 37.62, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 25.81.

  • Price to Book Value per Share Ratio

    TriplePoint Venture Growth BDC has a P/B Ratio of 0.87. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about TriplePoint Venture Growth BDC's valuation and earnings.
  • Percentage of Shares Shorted

    4.74% of the float of TriplePoint Venture Growth BDC has been sold short.
  • Short Interest Ratio / Days to Cover

    TriplePoint Venture Growth BDC has a short interest ratio ("days to cover") of 5.2.
  • Change versus previous month

    Short interest in TriplePoint Venture Growth BDC has recently decreased by 7.88%, indicating that investor sentiment is improving significantly.
  • Dividend Leadership

    TriplePoint Venture Growth BDC is a leading dividend payer. It pays a dividend yield of 15.19%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    TriplePoint Venture Growth BDC does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of TriplePoint Venture Growth BDC is 571.46%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on EPS estimates, TriplePoint Venture Growth BDC will have a dividend payout ratio of 93.75% in the coming year. This indicates that TriplePoint Venture Growth BDC may not be able to sustain their current dividend.

  • Read more about TriplePoint Venture Growth BDC's dividend.
  • Percentage of Shares Shorted

    4.74% of the float of TriplePoint Venture Growth BDC has been sold short.
  • Short Interest Ratio / Days to Cover

    TriplePoint Venture Growth BDC has a short interest ratio ("days to cover") of 5.2.
  • Change versus previous month

    Short interest in TriplePoint Venture Growth BDC has recently decreased by 7.88%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    TriplePoint Venture Growth BDC has a news sentiment score of 1.70. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for TriplePoint Venture Growth BDC this week, compared to 2 articles on an average week.
  • Search Interest

    Only 8 people have searched for TPVG on MarketBeat in the last 30 days. This is a decrease of -20% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, TriplePoint Venture Growth BDC insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.01% of the stock of TriplePoint Venture Growth BDC is held by insiders.

  • Percentage Held by Institutions

    Only 12.77% of the stock of TriplePoint Venture Growth BDC is held by institutions.

  • Read more about TriplePoint Venture Growth BDC's insider trading history.
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TPVG Stock News Headlines

TriplePoint Venture Growth (TPVG) Gets a Hold from Compass Point
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TriplePoint Venture Growth (TPVG) Gets a Hold from Compass Point
See More Headlines

TPVG Stock Analysis - Frequently Asked Questions

TriplePoint Venture Growth BDC's stock was trading at $10.86 at the beginning of the year. Since then, TPVG shares have decreased by 27.3% and is now trading at $7.90.
View the best growth stocks for 2024 here
.

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) announced its quarterly earnings results on Wednesday, November, 6th. The investment management company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. The investment management company had revenue of $26.52 million for the quarter, compared to analysts' expectations of $25.65 million. TriplePoint Venture Growth BDC had a trailing twelve-month return on equity of 16.86% and a net margin of 9.01%.

Top institutional investors of TriplePoint Venture Growth BDC include International Assets Investment Management LLC (0.27%), Jane Street Group LLC (0.26%), Townsquare Capital LLC (0.19%) and Advisors Asset Management Inc. (0.17%). Insiders that own company stock include Sajal Srivastava, Christopher M Mathieu, Cynthia M Fornelli, Stephen Cassani and Katherine J Park.
View institutional ownership trends
.

Shares of TPVG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that TriplePoint Venture Growth BDC investors own include Medtronic (MDT), Prospect Capital (PSEC), Rithm Capital (RITM), Energy Transfer (ET), AGNC Investment (AGNC), Ares Capital (ARCC) and Chembio Diagnostics (CEMI).

Company Calendar

Ex-Dividend for 9/30 Dividend
9/16/2024
Dividend Payable
9/30/2024
Last Earnings
11/06/2024
Today
11/17/2024
Ex-Dividend for 12/27 Dividend
12/13/2024
Dividend Payable
12/27/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
3/05/2025

Industry, Sector and Symbol

Sector
Finance
Industry
Investors, not elsewhere classified
Sub-Industry
Financial Services
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$7.65
High Stock Price Target
$8.75
Low Stock Price Target
$6.50
Potential Upside/Downside
-3.2%
Consensus Rating
Reduce
Rating Score (0-4)
1.83
Research Coverage
6 Analysts

Profitability

Net Income
$-39,820,000.00
Pretax Margin
51.09%

Debt

Sales & Book Value

Annual Sales
$137.49 million
Cash Flow
$2.04 per share
Book Value
$9.10 per share

Miscellaneous

Free Float
40,045,000
Market Cap
$316.40 million
Optionable
Optionable
Beta
1.80
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This page (NYSE:TPVG) was last updated on 11/17/2024 by MarketBeat.com Staff
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