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

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 Performance

NYSE:TPVG opened at $13.69 on Friday. TriplePoint Venture Growth BDC has a one year low of $11.86 and a one year high of $19.25. The company has a market capitalization of $424.90 million, a price-to-earnings ratio of 9.57 and a beta of 1.68. The stock has a 50-day simple moving average of $13.39 and a 200 day simple moving average of $15.34.

TriplePoint Venture Growth BDC (NYSE:TPVG - Get Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The investment management company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.04. TriplePoint Venture Growth BDC had a net margin of 43.80% and a return on equity of 11.53%. During the same period in the prior year, the firm posted $0.30 EPS. On average, equities research analysts forecast that TriplePoint Venture Growth BDC will post 1.67 EPS for the current fiscal year.

TriplePoint Venture Growth BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be given a dividend of $0.36 per share. The ex-dividend date is Wednesday, September 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 10.52%. TriplePoint Venture Growth BDC's dividend payout ratio (DPR) is 100.70%.

Wall Street Analyst Weigh In

TPVG has been the subject of a number of recent analyst reports. StockNews.com downgraded shares of TriplePoint Venture Growth BDC from a "hold" rating to a "sell" rating in a report on Friday, August 5th. Piper Sandler decreased their price objective on shares of TriplePoint Venture Growth BDC from $19.00 to $16.00 and set an "overweight" rating for the company in a research note on Tuesday, June 28th. Finally, Wells Fargo & Company upped their price target on shares of TriplePoint Venture Growth BDC from $17.50 to $18.00 and gave the stock an "overweight" rating in a research report on Monday, April 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, TriplePoint Venture Growth BDC presently has an average rating of "Hold" and a consensus price target of $17.19.

Insider Activity at TriplePoint Venture Growth BDC

In related news, CFO Christopher M. Mathieu acquired 10,000 shares of the business's stock in a transaction dated Friday, June 17th. The stock was bought at an average price of $12.16 per share, for a total transaction of $121,600.00. Following the transaction, the chief financial officer now owns 25,500 shares of the company's stock, valued at $310,080. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.38% of the company's stock.