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

$4.69

-0.54 (-10.33 %)

(As of 04/3/2020 04:00 PM ET)

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Today's Range

$4.56

Now: $4.69▼

$5.34

50-Day Range

$2.90

MA: $10.14▼

$14.16

52-Week Range

$2.80

Now: $4.69▼

$17.17

Volume478,736 shs

Average Volume459,074 shs

Market Capitalization$143.86 million

P/E Ratio3.64

Dividend Yield27.53%

Beta1.54

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.

Beat the Market (BTM) Rank^™

3.5 Analyst's Opinion

Consensus Rating
Triplepoint Venture Growth BDC has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $12.40, Triplepoint Venture Growth BDC has a potential upside of 164.4% from its current price of $4.69.
Amount of Analyst Coverage
Triplepoint Venture Growth BDC has only been the subject of 4 research reports in the past 90 days.

2.3 Community Rank

Outperform Votes
Triplepoint Venture Growth BDC has received 225 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Triplepoint Venture Growth BDC has received 269 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Triplepoint Venture Growth BDC has received 54.45% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Triplepoint Venture Growth BDC and other stocks. Vote “Outperform” if you believe TPVG will outperform the S&P 500 over the long term. Vote “Underperform” if you believe TPVG will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Leadership
Triplepoint Venture Growth BDC is a leading dividend payer. It pays a dividend yield of 27.53%, 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 93.51 %. 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 88.34 % in the coming year. This indicates that Triplepoint Venture Growth BDC may not be able to sustain their current dividend.

3.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Triplepoint Venture Growth BDC insiders have bought more of their company's stock than they have sold. Specifically, they have bought $38,811.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 1.71% of the stock of Triplepoint Venture Growth BDC is held by insiders.
Percentage Held by Institutions
Only 25.82% of the stock of Triplepoint Venture Growth BDC is held by institutions.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Triplepoint Venture Growth BDC are expected to grow by 0.62% in the coming year, from $1.62 to $1.63 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Triplepoint Venture Growth BDC is 3.64, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 11.23.
Price to Earnings Ratio vs. Sector
The P/E ratio of Triplepoint Venture Growth BDC is 3.64, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 11.64.
Price to Book Value per Share Ratio
Triplepoint Venture Growth BDC has a P/B Ratio of 0.35. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.59 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Investors, not elsewhere classified

Sub-IndustryN/A

SectorFinance

Current SymbolNYSE:TPVG

Previous Symbol

CUSIPN/A

CIK1580345

Webhttp://www.tpvg.com/

Phone650-854-2090

Debt

Debt-to-Equity RatioN/A

Current Ratio0.09

Quick Ratio0.09

Price-To-Earnings

Trailing P/E Ratio3.64

Forward P/E Ratio2.90

P/E GrowthN/A

Sales & Book Value

Annual Sales$73.39 million

Price / Sales1.96

Cash Flow$1.33 per share

Price / Cash Flow3.53

Book Value$13.36 per share

Price / Book0.35

Profitability

EPS (Most Recent Fiscal Year)$1.54

Net Income$31.76 million

Net Margins43.28%

Return on Equity11.27%

Return on Assets6.50%

Miscellaneous

EmployeesN/A

Outstanding Shares30,673,000

Market Cap$143.86 million

Next Earnings Date5/6/2020 (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 Coronavirus reached pandemic status according to the World Health Organization. Since then, TPVG stock has decreased by 55.9% and is now trading at $4.69. View which stocks have been mosted impacted by Coronavirus.

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

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Triplepoint Venture Growth BDC in the last year. There are currently 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, May 6th 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 earnings results on Wednesday, March, 4th. The investment management company reported $0.45 EPS for the quarter, beating the Zacks' consensus estimate of $0.40 by $0.05. The investment management company earned $21.27 million during the quarter, compared to analysts' expectations of $20.01 million. Triplepoint Venture Growth BDC had a return on equity of 11.27% and a net margin of 43.28%. 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 announced a quarterly dividend on Friday, March 6th. Stockholders of record on Monday, March 16th will be paid a dividend of $0.36 per share on Monday, March 30th. This represents a $1.44 annualized dividend and a dividend yield of 30.70%. The ex-dividend date of this dividend is Friday, March 13th. View Triplepoint Venture Growth BDC's dividend history.

What price target have analysts set for TPVG?

5 Wall Street analysts have issued 1-year price targets for Triplepoint Venture Growth BDC's shares. Their forecasts range from $8.00 to $16.00. On average, they expect Triplepoint Venture Growth BDC's share price to reach $12.40 in the next twelve months. This suggests a possible upside of 164.4% 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 coverage about TPVG stock has been trending very negative recently, InfoTrie Sentiment reports. The research group identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of 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 news impact score of -3.3 on InfoTrie's scale. They also gave news stories about the investment management company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutTriplepoint Venture Growth BDC.

Are investors shorting Triplepoint Venture Growth BDC?

Triplepoint Venture Growth BDC saw a increase in short interest in March. As of March 13th, there was short interest totaling 287,800 shares, an increase of 89.6% from the February 27th total of 151,800 shares. Based on an average trading volume of 302,200 shares, the short-interest ratio is currently 1.0 days. Approximately 1.0% of the company's stock are sold short. View Triplepoint Venture Growth BDC's Current Options Chain.

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

Some companies that are related to Triplepoint Venture Growth BDC include New Mountain Finance (NMFC), Gladstone Investment (GAIN), Capital Southwest (CSWC), Pennantpark Floating Rate Capital (PFLT), PennantPark Investment (PNNT), Oaktree Strategic Income (OCSI), Stellus Capital Investment (SCM), Safeguard Scientifics (SFE), Allied Minds (ALLWF), CM Finance (CMFN), THL Credit (TCRD), OFS Capital (OFS), Capitala Finance (CPTA), Elron Electronic Industries (ELRNF) and 180 Degree Capital (TURN).

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

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), New Residential Investment (NRZ), Two Harbors Investment (TWO), Energy Transfer LP Unit (ET), Calumet Specialty Products Partners, L.P (CLMT), Washington Prime Group (WPG), Blackrock Capital Investment (BKCC), Summit Midstream Partners (SMLP) and Alliance Resource Partners (ARLP).

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."

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 $4.69.

How big of a company is Triplepoint Venture Growth BDC?

Triplepoint Venture Growth BDC has a market capitalization of $143.86 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. View additional information about Triplepoint Venture Growth BDC.

What is Triplepoint Venture Growth BDC's official website?

The official website for Triplepoint Venture Growth BDC is http://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 4/3/2020 by MarketBeat.com Staff

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

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Beat the Market (BTM) Rank™

3.5 Analyst's Opinion

Consensus Rating

Price Target Upside/Downside

Amount of Analyst Coverage

2.3 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment