TriplePoint Venture Growth BDCTPVG
TPVG
About: TriplePoint Venture Growth BDC Corp is a closed-end, non-diversified management investment company. Its investment objective is to maximize its total return to stockholders in the form of current income and, to a lesser extent, capital appreciation. The fund focuses on companies operating in the fields of biofuels, business applications software, wireless communications equipment, e-commerce, clothing and accessories, conferencing equipment and services, personal goods, financial institutions and services, entertainment, mixed retailing, and healthcare services. Geographically, all the operations of the firm function through the region of the United states.
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
6% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 16
7% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 28
1% less funds holding
Funds holding: 83 [Q2] → 82 (-1) [Q3]
3.62% less ownership
Funds ownership: 18.05% [Q2] → 14.43% (-3.62%) [Q3]
27% less capital invested
Capital invested by funds: $54.4M [Q2] → $40M (-$14.5M) [Q3]
55% less call options, than puts
Call options by funds: $481K | Put options by funds: $1.06M
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$7.50
4%
upside
Avg. target
$7.63
6%
upside
High target
$8
11%
upside
4 analyst ratings
0 positive
0%
4 neutral
100%
0 negative
0%
Compass Point Casey Alexander 60% 1-year accuracy 9 / 15 met price target | 11%upside $8 | Neutral Maintained | 5 Dec 2024 |
Wells Fargo Finian O'Shea 61% 1-year accuracy 22 / 36 met price target | 4%upside $7.50 | Equal-Weight Maintained | 19 Nov 2024 |
Piper Sandler Crispin Love 65% 1-year accuracy 17 / 26 met price target | 4%upside $7.50 | Neutral Maintained | 7 Nov 2024 |
Keefe, Bruyette & Woods Paul Johnson 82% 1-year accuracy 9 / 11 met price target | 4%upside $7.50 | Market Perform Upgraded | 7 Nov 2024 |
Financial journalist opinion
Based on 7 articles about TPVG published over the past 30 days
Neutral
Business Wire
4 days ago
TriplePoint Venture Growth BDC Corp. Names Mike L. Wilhelms as Chief Financial Officer
MENLO PARK, Calif.--(BUSINESS WIRE)--TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the “Company” or “TPVG”), the leading financing provider to venture growth stage companies backed by a select group of venture capital firms in technology and other high growth industries, today announced the appointment of Mike L. Wilhelms as Chief Financial Officer (CFO) of the Company, effective as of January 6, 2025. Mr. Wilhelms will also serve as CFO of TriplePoint Capital LLC (TPC), TPVG's sponsor, an.
Neutral
GlobeNewsWire
1 week ago
KBW Announces Index Rebalancing for Fourth-Quarter 2024
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2024.
Neutral
Seeking Alpha
1 week ago
Huge Yields, Brief Notes
Preferred shares rallied, as predicted. Finding value is getting much harder. There are some common shares trading at discounts. Some big, some tiny. I would be interested in a few of the agency mortgage REITs, but the ones I would prefer remain unavailable. The valuation between those good ones and some of the weaker ones (as measured by things like destruction of shareholder wealth and me not liking them) is still small sometimes.
Positive
Seeking Alpha
1 week ago
TriplePoint Venture Growth: Is The 15% Dividend Yield Sustainable?
TriplePoint Venture Growth's 17% dividend yield may be enticing for some investors. They out-earned the upcoming dividend this month with room to spare. I suspect the 17% TPVG yield will remain covered for at least the near term, but I'm still not a buyer.
Positive
Seeking Alpha
1 week ago
2 Hidden Opportunities For Up To 14% Yields
BDCs are set to continue selling off as rates resume getting cut. We review two BDCs that are ahead of peers in that they benefit from falling rates. Don't neglect income in your portfolio.
Neutral
Seeking Alpha
3 weeks ago
BDC Weekly Review: Key Q3 Earnings Trends
We take a look at the action in business development companies through the second week of November and highlight some of the key themes we are watching. BDCs were flat this week in aggregate, outperforming other income sectors, with PSEC and TPVG bookending month-to-date returns. Q3 earnings reveal a slight decline in net investment income due to rate cuts, tight market spreads, and refinancing into higher coupon debt.
Positive
Seeking Alpha
3 weeks ago
Hold This 15% Yield For Big Income: TriplePoint Venture
No retirement portfolio can be totally "hands off." Some work will be required to maintain success. I am collecting income, but not piling deeper into this company. We look at why I'm not selling out, but not buying hand over fist.
Neutral
Seeking Alpha
1 month ago
Investing In BDCs For 10%+ Yields? This Is What Matters Now
When investing for 10%+ BDC yields, investors have to pay extra attention to leverage, dividend coverage, and portfolio quality. Going into Q3, 2024 earnings season, my expectation was that we would see elevated volatility levels and falling NII results. While the actual results have been mostly positive for high-quality BDCs (and even for some speculative picks), many risks remain open.
Neutral
Seeking Alpha
1 month ago
BDC Weekly Review: Tax-Loss Season Is Approaching
We take a look at the action in business development companies through the second week of November and highlight some of the key themes we are watching. BDCs saw a 2% aggregate return on the week; TPVG surged nearly 20%, while PSEC dropped due to a bad quarter and distribution cut. Tax-loss season may pressure some securities; PSEC, HRZN, TPVG, TCPC, OCSL, GSBD, NMFC, and CSWC could weaken further by year-end.
Positive
Seeking Alpha
1 month ago
TriplePoint Venture Growth: Inflection Point (Rating Upgrade)
TriplePoint Venture Growth saw a significant breakout after Q3 results, driven by a major decline in its non-accrual percentage, improving portfolio quality. The BDC's net investment income of $0.35 per-share implied a dividend coverage ratio of 1.17X for its $0.30 dividend. Compared to Q2'24, the coverage situation drastically improved. Improved loan performance and reduced non-accruals have flipped TPVG's risk profile, justifying an upgrade to a buy rating.
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