TriplePoint Venture Growth BDC Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TriplePoint Venture Growth BDC in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TriplePoint Venture Growth BDC stock.
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TriplePoint Venture Growth BDC is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
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TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) issued its quarterly earnings data on Wednesday, August, 4th. The investment management company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.03. The investment management company had revenue of $20.32 million for the quarter, compared to analyst estimates of $21.80 million. TriplePoint Venture Growth BDC had a net margin of 49.57% and a trailing twelve-month return on equity of 10.50%.
View TriplePoint Venture Growth BDC's earnings history.

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 increased by 43.0% and is now trading at $15.20.
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TriplePoint Venture Growth BDC announced a quarterly dividend on Wednesday, August 4th. Investors of record on Tuesday, August 31st will be paid a dividend of $0.36 per share on Wednesday, September 15th. This represents a $1.44 annualized dividend and a yield of 9.47%. The ex-dividend date is Monday, August 30th.
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TriplePoint Venture Growth BDC pays an annual dividend of $1.44 per share and currently has a dividend yield of 9.42%. TPVG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. TriplePoint Venture Growth BDC does not yet have a strong track record of dividend growth. The dividend payout ratio of TriplePoint Venture Growth BDC is 91.72%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, TriplePoint Venture Growth BDC will have a dividend payout ratio of 95.36% in the coming year. This indicates that TriplePoint Venture Growth BDC may not be able to sustain their current dividend.
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3 equities research analysts have issued 1-year price objectives for TriplePoint Venture Growth BDC's stock. Their forecasts range from $16.50 to $17.00. On average, they anticipate TriplePoint Venture Growth BDC's share price to reach $16.75 in the next year. This suggests a possible upside of 10.2% from the stock's current price.
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Some companies that are related to TriplePoint Venture Growth BDC include Sixth Street Specialty Lending (TSLX), New Mountain Finance (NMFC), Capital Southwest (CSWC), PennantPark Floating Rate Capital (PFLT), Gladstone Investment (GAIN), PennantPark Investment (PNNT), TAAT Global Alternatives (TOBAF), Stellus Capital Investment (SCM), Portman Ridge Finance (PTMN), Safeguard Scientifics (SFE), Elron Electronic Industries (ELRNF), OFS Capital (OFS), First Eagle Alternative Capital BDC (FCRD), Allied Minds (ALLWF) and Investcorp Credit Management BDC (ICMB).
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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 investors include Clearbridge Investments LLC (3.78%), Van ECK Associates Corp (1.50%), Sound Income Strategies LLC (1.15%), Advisors Asset Management Inc. (0.74%), Alliancebernstein L.P. (0.69%) and Baird Financial Group Inc. (0.67%). Company insiders that own TriplePoint Venture Growth BDC stock include Christopher M Mathieu, Cynthia M Fornelli and Stephen Cassani.
View institutional ownership trends for TriplePoint Venture Growth BDC.

TPVG stock was sold by a variety of institutional investors in the last quarter, including Van ECK Associates Corp, Clearbridge Investments LLC, Legal & General Group Plc, Eagle Global Advisors LLC, JPMorgan Chase & Co., Crewe Advisors LLC, Wells Fargo & Company MN, and Essex Investment Management Co. LLC.
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TPVG stock was bought by a variety of institutional investors in the last quarter, including Neuberger Berman Group LLC, First Trust Advisors LP, Citadel Advisors LLC, Susquehanna International Group LLP, Advisor Group Holdings Inc., Zeke Capital Advisors LLC, BlackRock Inc., and Simplex Trading LLC. Company insiders that have bought TriplePoint Venture Growth BDC stock in the last two years include Christopher M Mathieu, Cynthia M Fornelli, and Stephen Cassani.
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Shares of TPVG 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 $15.20.

TriplePoint Venture Growth BDC has a market capitalization of $470.44 million and generates $91.18 million in revenue each year. The investment management company earns $35.31 million in net income (profit) each year or $1.57 on an earnings per share basis.

The official website for TriplePoint Venture Growth BDC is www.tpvg.com.

TriplePoint Venture Growth BDC is headquartered at 2755 SAND HILL ROAD SUITE 150, MENLO PARK CA, 94025.

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].