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.

Wall Street Analyst Weigh In

Several research firms have commented on TPVG. Wells Fargo & Company increased their price target on shares of TriplePoint Venture Growth BDC from $17.50 to $18.00 and gave the company an "overweight" rating in a research report on Monday, April 25th. 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 report on Tuesday, June 28th. Finally, StockNews.com lowered shares of TriplePoint Venture Growth BDC from a "hold" rating to a "sell" rating in a research report on Friday, August 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $17.19.

TriplePoint Venture Growth BDC Price Performance

NYSE:TPVG traded up $0.05 during midday trading on Wednesday, hitting $13.65. The company's stock had a trading volume of 689 shares, compared to its average volume of 189,574. TriplePoint Venture Growth BDC has a fifty-two week low of $11.86 and a fifty-two week high of $19.25. The firm's 50 day moving average is $13.44 and its 200-day moving average is $15.36. The firm has a market cap of $423.66 million, a P/E ratio of 9.51 and a beta of 1.69.

TriplePoint Venture Growth BDC (NYSE:TPVG - Get Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The investment management company reported $0.41 earnings per share for the quarter, topping 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. As a group, analysts forecast that TriplePoint Venture Growth BDC will post 1.67 EPS for the current year.

TriplePoint Venture Growth BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be paid 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 10.55%. TriplePoint Venture Growth BDC's payout ratio is 100.70%.

Insider Transactions at TriplePoint Venture Growth BDC

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