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 6,831 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]
0% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 15
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: 18.06% [Q2] → 14.44% (-3.62%) [Q3]
27% less capital invested
Capital invested by funds: $54.5M [Q2] → $40M (-$14.5M) [Q3]
58% less call options, than puts
Call options by funds: $555K | Put options by funds: $1.34M
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$7.50
7%
downside
Avg. target
$7.63
5%
downside
High target
$8
1%
downside
4 analyst ratings
0 positive
0%
4 neutral
100%
0 negative
0%
Compass Point Casey Alexander 65% 1-year accuracy 11 / 17 met price target | 1%downside $8 | Neutral Maintained | 5 Dec 2024 |
Wells Fargo Finian O'Shea 66% 1-year accuracy 25 / 38 met price target | 7%downside $7.50 | Equal-Weight Maintained | 19 Nov 2024 |
Piper Sandler Crispin Love 68% 1-year accuracy 21 / 31 met price target | 7%downside $7.50 | Neutral Maintained | 7 Nov 2024 |
Keefe, Bruyette & Woods Paul Johnson 91% 1-year accuracy 10 / 11 met price target | 7%downside $7.50 | Market Perform Upgraded | 7 Nov 2024 |
Financial journalist opinion
Based on 3 articles about TPVG published over the past 30 days
Positive
Seeking Alpha
1 day ago
TriplePoint Venture: Expected Bounce Plays Out For 15% Yielder
We upgraded TriplePoint Venture to a Hold on our previous update. The stock bottomed around there and is up 21% since then. We update our outlook.
Neutral
Seeking Alpha
1 day ago
5 BDC Investment Criteria And 3 Picks I'd Recommend For Retirees
As a BDC bull, I've to admit that most BDCs are not good enough for being included in a durable retirement/passive income portfolio. In the article I share 5 specific criteria that we have to comply with to minimize dividend cut risk. I also share 3 concrete BDC picks, which I could easily see being included in the retirement income mix.
Neutral
Business Wire
3 days ago
TriplePoint Venture Growth BDC Corp. Enters into Note Purchase Agreement for Issuance of 3-Year Investment Grade Notes
MENLO PARK, Calif.--(BUSINESS WIRE)--TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the “Company” or “TPVG”), a 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 that it has entered into a note purchase agreement governing the issuance of $50 million in aggregate principal amount of senior unsecured investment grade notes due February 2028 (the “2028 Notes”). The 2028.
Positive
Seeking Alpha
1 month ago
TriplePoint Venture Growth: The Tide May Have Turned (Upgrade)
TriplePoint Venture Growth BDC had a challenging 2024, with a high non-accrual ratio and significant realized losses impacting its stock value and net asset value. Despite these issues, recent improvements in non-accruals and a dividend reset have provided some relief, making TPVG a potential buying opportunity. The tech-focused BDC sector, including competitors like Hercules Capital and Horizon Technology Finance, benefits from a strong capital markets environment, enhancing equity-driven returns.
Neutral
Business Wire
1 month 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 month 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 month 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 month 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 month 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
2 months 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.
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