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NYSE:TPVGTriplepoint Venture Growth BDC Stock Price, Forecast & News

$10.02
+0.33 (+3.41 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$9.41
Now: $10.02
$10.16
50-Day Range
$6.62
MA: $7.93
$10.21
52-Week Range
$2.80
Now: $10.02
$17.17
Volume392,662 shs
Average Volume334,424 shs
Market Capitalization$308.12 million
P/E Ratio14.96
Dividend Yield14.37%
Beta1.78
TriplePoint Venture Growth BDC Corp is a business development company specializing investments in growth stage. It also provides debt financing to venture growth space companies which includes growth capital 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 does not take board seat in the company.
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Triplepoint Venture Growth BDC logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 3.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.44 out of 5 stars


Industry, Sector and Symbol

Industry Investors, not elsewhere classified
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone650-854-2090

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$73.39 million
Cash Flow$1.45 per share
Book Value$12.85 per share

Profitability

Net Income$31.76 million

Miscellaneous

EmployeesN/A
Market Cap$308.12 million
Next Earnings Date7/29/2020 (Estimated)
OptionableOptionable

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Triplepoint Venture Growth BDC (NYSE:TPVG) Frequently Asked Questions

How has Triplepoint Venture Growth BDC's stock been impacted by COVID-19 (Coronavirus)?

Triplepoint Venture Growth BDC's stock was trading at $10.63 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, TPVG stock has decreased by 5.7% and is now trading at $10.02. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Triplepoint Venture Growth BDC?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Triplepoint Venture Growth BDC in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Triplepoint Venture Growth BDC.

When is Triplepoint Venture Growth BDC's next earnings date?

Triplepoint Venture Growth BDC is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Triplepoint Venture Growth BDC.

How were Triplepoint Venture Growth BDC's earnings last quarter?

Triplepoint Venture Growth BDC Corp (NYSE:TPVG) announced its quarterly earnings data on Wednesday, May, 6th. The investment management company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.02. The investment management company earned $20.84 million during the quarter, compared to analysts' expectations of $22.46 million. Triplepoint Venture Growth BDC had a net margin of 20.29% and a return on equity of 11.47%. View Triplepoint Venture Growth BDC's earnings history.

How often does Triplepoint Venture Growth BDC pay dividends? What is the dividend yield for Triplepoint Venture Growth BDC?

Triplepoint Venture Growth BDC declared a quarterly dividend on Friday, May 8th. Stockholders of record on Tuesday, June 16th will be given a dividend of $0.36 per share on Tuesday, June 30th. This represents a $1.44 annualized dividend and a dividend yield of 14.37%. The ex-dividend date is Monday, June 15th. View Triplepoint Venture Growth BDC's dividend history.

What price target have analysts set for TPVG?

7 Wall Street analysts have issued twelve-month price objectives for Triplepoint Venture Growth BDC's shares. Their forecasts range from $8.50 to $16.00. On average, they expect Triplepoint Venture Growth BDC's share price to reach $11.89 in the next year. This suggests a possible upside of 18.7% from the stock's current price. View analysts' price targets for Triplepoint Venture Growth BDC.

Has Triplepoint Venture Growth BDC been receiving favorable news coverage?

News articles about TPVG stock have trended positive on Monday, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Triplepoint Venture Growth BDC earned a media sentiment score of 2.8 on InfoTrie's scale. They also assigned headlines about the investment management company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the immediate future. View the latest news aboutTriplepoint Venture Growth BDC.

Who are some of Triplepoint Venture Growth BDC's key competitors?

What other stocks do shareholders of Triplepoint Venture Growth BDC own?

Who are Triplepoint Venture Growth BDC's key executives?

Triplepoint Venture Growth BDC's management team includes the following people:
  • Mr. James P. Labe, Chairman & CEO (Age 62)
  • Mr. Sajal K. Srivastava, Pres, Chief Investment Officer, Sec. & Treasurer (Age 43)
  • Mr. Andrew J. Olson CFA, CPA, Chief Financial Officer (Age 36)
  • Mr. Alan Oshiki, Investor Relation - Abernathy MacGregor Group
  • Mr. Carl M. Rizzo J.D., Chief Compliance Officer (Age 67)

What is Triplepoint Venture Growth BDC's stock symbol?

Triplepoint Venture Growth BDC trades on the New York Stock Exchange (NYSE) under the ticker symbol "TPVG."

Who are Triplepoint Venture Growth BDC's major shareholders?

Triplepoint Venture Growth BDC's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Clearbridge Investments LLC (4.11%), Confluence Investment Management LLC (2.04%), Resource America Inc. (1.35%), Van ECK Associates Corp (1.14%), Alliancebernstein L.P. (1.02%) and Advisors Asset Management Inc. (0.91%). Company insiders that own Triplepoint Venture Growth BDC stock include Christopher M Mathieu, Cynthia M Fornelli, James Labe, Sajal Srivastava and Stephen Cassani. View institutional ownership trends for Triplepoint Venture Growth BDC.

Which institutional investors are selling Triplepoint Venture Growth BDC stock?

TPVG stock was sold by a variety of institutional investors in the last quarter, including UBS Group AG, Wells Fargo & Company MN, Acadian Asset Management LLC, Claybrook Capital LLC, Virtus ETF Advisers LLC, Advisors Asset Management Inc., and Sargent Investment Group LLC. View insider buying and selling activity for Triplepoint Venture Growth BDC.

Which institutional investors are buying Triplepoint Venture Growth BDC stock?

TPVG stock was acquired by a variety of institutional investors in the last quarter, including Resource America Inc., Two Sigma Investments LP, Radcliffe Capital Management L.P., Confluence Investment Management LLC, Van ECK Associates Corp, Advisor Group Holdings Inc., Two Sigma Advisers LP, and Wolverine Asset Management LLC. Company insiders that have bought Triplepoint Venture Growth BDC stock in the last two years include Christopher M Mathieu, Cynthia M Fornelli, James Labe, Sajal Srivastava, and Stephen Cassani. View insider buying and selling activity for Triplepoint Venture Growth BDC.

How do I buy shares of Triplepoint Venture Growth BDC?

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

What is Triplepoint Venture Growth BDC's stock price today?

One share of TPVG stock can currently be purchased for approximately $10.02.

How big of a company is Triplepoint Venture Growth BDC?

Triplepoint Venture Growth BDC has a market capitalization of $308.12 million and generates $73.39 million in revenue each year. The investment management company earns $31.76 million in net income (profit) each year or $1.54 on an earnings per share basis.

What is Triplepoint Venture Growth BDC's official website?

The official website for Triplepoint Venture Growth BDC is www.tpvg.com.

How can I contact Triplepoint Venture Growth BDC?

Triplepoint Venture Growth BDC's mailing address is 2755 SAND HILL ROAD SUITE 150, MENLO PARK CA, 94025. The investment management company can be reached via phone at 650-854-2090 or via email at [email protected]

This page was last updated on 6/1/2020 by MarketBeat.com Staff

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