TriplePoint Venture Growth BDC - TPVG Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TriplePoint Venture Growth BDC in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TPVG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TPVG, but not buy additional shares or sell existing shares.
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5 equities research analysts have issued 12 month target prices for TriplePoint Venture Growth BDC's stock. Their TPVG share price forecasts range from $10.00 to $15.00. On average, they predict the company's share price to reach $12.80 in the next year. This suggests a possible upside of 7.8% from the stock's current price.
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TriplePoint Venture Growth BDC's stock was trading at $10.43 on January 1st, 2023. Since then, TPVG stock has increased by 13.8% and is now trading at $11.87.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 1st 2023.
View our TPVG earnings forecast.

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) issued its quarterly earnings results on Tuesday, November, 2nd. The investment management company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by $0.02. The investment management company earned $21.23 million during the quarter, compared to analyst estimates of $22.27 million. TriplePoint Venture Growth BDC had a net margin of 5.12% and a trailing twelve-month return on equity of 13.05%. During the same period in the previous year, the business posted $0.40 EPS.

TriplePoint Venture Growth BDC announced a quarterly dividend on Friday, October 28th. Investors of record on Thursday, December 22nd will be given a dividend of $0.37 per share on Friday, December 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 12.47%. The ex-dividend date is Wednesday, December 21st. This is a positive change from the stock's previous quarterly dividend of $0.36.
Read our dividend analysis for TPVG.

TriplePoint Venture Growth BDC (NYSE:TPVG) pays an annual dividend of $1.48 per share and currently has a dividend yield of 12.47%. TPVG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 822.27%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, TPVG will have a dividend payout ratio of 81.77% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for TPVG.

Based on aggregate information from My MarketBeat watchlists, some companies that other TriplePoint Venture Growth BDC investors own include Chembio Diagnostics (CEMI), Prospect Capital (PSEC), Two Harbors Investment (TWO), New Residential Investment (NRZ), Calumet Specialty Products Partners (CLMT), Energy Transfer (ET), BlackRock Capital Investment (BKCC), Washington Prime Group (WPG), Summit Midstream Partners (SMLP) and Alliance Resource Partners (ARLP).

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

TriplePoint Venture Growth BDC's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Sound Income Strategies LLC (1.81%), Hennion & Walsh Asset Management Inc. (0.50%), Claybrook Capital LLC (0.32%), Mckinley Capital Management LLC Delaware (0.13%), Sigma Planning Corp (0.11%) and CAPROCK Group Inc. (0.05%). Insiders that own company stock include Christopher M Mathieu, Cynthia M Fornelli and Stephen Cassani.
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Shares of TPVG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TPVG stock can currently be purchased for approximately $11.87.

TriplePoint Venture Growth BDC (NYSE:TPVG) has a market capitalization of $418.77 million and generates $87.39 million in revenue each year. The investment management company earns $76.56 million in net income (profit) each year or $0.18 on an earnings per share basis.

TriplePoint Venture Growth BDC's mailing address is 2755 SAND HILL ROAD SUITE 150, MENLO PARK CA, 94025. The official website for the company is www.tpvg.com. The investment management company can be reached via phone at (650) 854-2090 or via email at aho@abmac.com.