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

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TriplePoint Venture Growth BDC in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TPVG shares.
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4 analysts have issued twelve-month target prices for TriplePoint Venture Growth BDC's shares. Their TPVG share price forecasts range from $13.50 to $15.00. On average, they anticipate the company's share price to reach $14.13 in the next year. This suggests a possible upside of 13.7% from the stock's current price.
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TriplePoint Venture Growth BDC's stock was trading at $17.96 on January 1st, 2022. Since then, TPVG stock has decreased by 30.8% and is now trading at $12.42.
View the best growth stocks for 2022 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) posted its quarterly earnings data on Tuesday, November, 2nd. The investment management company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by $0.02. The investment management company had revenue of $21.23 million for the quarter, compared to analyst estimates of $22.27 million. TriplePoint Venture Growth BDC had a trailing twelve-month return on equity of 13.05% and a net margin of 5.12%. During the same quarter last year, the firm posted $0.40 earnings per share.

TriplePoint Venture Growth BDC announced a quarterly dividend on Friday, October 28th. Shareholders of record on Thursday, December 15th 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 11.92%. The ex-dividend date is Wednesday, December 14th. This is an increase 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 $1.44 per share and currently has a dividend yield of 11.09%. 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 800.04%. 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 79.56% 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 many different institutional and retail investors. Top institutional shareholders include Sound Income Strategies LLC (1.34%), Van ECK Associates Corp (1.23%), Advisors Asset Management Inc. (0.95%), Two Sigma Advisers LP (0.83%), BlackRock Inc. (0.72%) and Baird Financial Group Inc. (0.57%). 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 $12.42.

TriplePoint Venture Growth BDC (NYSE:TPVG) has a market capitalization of $438.18 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.