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TRIPLEPOINT VENTURE GROWTH BDC CORP (NYSE: TPVG)
Last Trade
4:00 p.m. - 13.50
Change
 UNCH ( 0.0%)
Shares Traded
715
Day's Volume
98,117
Book Value
NA
Price/Book
NA
Beta
1.1538
Day's Range
13.30 - 13.6099
Prev Close
13.50
Open
13.30
52 Wk Range
2.80 - 14.19
EPS
1.28
PE
10.55
Quarterly Div/Shr
0.36
Ex-Div
11/25/20
Yield
10.67%
Shares Out.
30.83M
Market Cap.
416.17M
  • 1 Year Stock Performance:

CAGR - Chart the growth of a $10K investment in TPVG

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Related news from
Tue, 22 Dec 2020
14:41:02 +0000
TriplePoint (TPVG) Announces Special Dividend: Worth a Look?
TriplePoint (TPVG) announces a special distribution of 10 cents per share, which reflects the significant capital gains earned from its warrant and equity portfolio.
Mon, 21 Dec 2020
22:06:00 +0000
TriplePoint Venture Growth BDC Corp. Announces Special Distribution of $0.10 per Share
TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the "Company," "TPVG," "we," "us," or "our"), the leading financing provider to venture growth stage companies backed by a select group of venture capital firms in the technology and other high growth industries, today announced that its Board of Directors declared a special distribution of $0.10 per share, payable on January 13, 2021, to shareholders of record at the close of business on December 31, 2020. Shareholders have the option to receive the distribution payment in cash or receive shares of common stock pursuant to the Company’s dividend reinvestment plan.
Mon, 14 Dec 2020
22:27:00 +0000
TriplePoint Venture Growth BDC Corp. Announces Extension and Expansion of Its Revolving Credit Facility
TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the "Company," "TPVG," "we," "us," or "our"), the leading financing provider to venture growth stage companies backed by a select group of venture capital firms in the technology and other high growth industries, today announced it has extended and expanded its revolving credit facility ("Credit Facility"). Deutsche Bank AG serves as administrative agent and as a lender, together with existing lenders KeyBank National Association, TIAA, FSB, MUFG Union Bank, N.A., Hitachi Capital America Corporation and NBH Bank, and along with new lender, Customers Bank, under the Credit Facility.
Tue, 24 Nov 2020
15:20:16 +0000
Ex-Dividend Date Insight: TriplePoint Venture Gwth
On October 29, 2020, TriplePoint Venture Gwth (NYSE: TPVG) declared a dividend payable on December 14, 2020 to its shareholders. TriplePoint Venture Gwth also announced that shareholders on the company's books on or before November 27, 2020 are entitled to the dividend. The stock will then go ex-dividend 2 business day(s) before the record date. TriplePoint Venture Gwth, which has a current dividend per share of $0.36, has an ex-dividend date scheduled for November 25, 2020. That equates to a dividend yield of 13.73% at current price levels.Understanding Ex-Dividend Dates'Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.TriplePoint Venture Gwth's Dividend Payouts And Yields Over the past year, TriplePoint Venture Gwth has seen its dividend payouts remain the same and its yields climb upward overall. Last year on November 27, 2019 the company's payout sat at $0.36, which has returned to its value today. TriplePoint Venture Gwth's dividend yield last year was 8.53%, which has since grown by 5.2%. Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.To read more news on TriplePoint Venture Gwth click here.See more from Benzinga * Click here for options trades from Benzinga * Understanding Tekla Life Sciences's Ex-Dividend Date * Understanding Tekla Healthcare's Ex-Dividend Date(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Mon, 09 Nov 2020
13:14:01 +0000
TriplePoint Venture (TPVG) Q3 Earnings Beat, Expenses Up
Higher total investment income, and solid liquidity and balance sheet position support TriplePoint Venture's (TPVG) Q3 earnings.
Sat, 07 Nov 2020
06:31:07 +0000
TriplePoint Venture Growth BDC Corp (TPVG) Q3 2020 Earnings Call Transcript
At this time, [Operator Instructions] After the speakers' prepared remarks, there will be an opportunity to ask questions and instructions will follow at that time. Today, representing the company is Jim Labe, Chief Executive Officer and Chairman of the Board; Sajal Srivastava, President and Chief Investment Officer; and Chris Mathieu, Chief Financial Officer.
Fri, 06 Nov 2020
02:10:02 +0000
TriplePoint Venture Growth (TPVG) Q3 Earnings and Revenues Top Estimates
TriplePoint Venture Growth (TPVG) delivered earnings and revenue surprises of 11.11% and 2.01%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
Thu, 05 Nov 2020
21:15:00 +0000
TriplePoint Venture Growth BDC Corp. Announces Third Quarter 2020 Financial Results
TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the "Company," "TPVG," "we," "us," or "our"), 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 its financial results for the third quarter ended September 30, 2020 and the declaration by its Board of Directors of its fourth quarter 2020 distribution of $0.36 per share.
Wed, 04 Nov 2020
13:01:01 +0000
What's in Store for TriplePoint Venture (TPVG) Q3 Earnings?
Rise in prepayment activities is expected to have supported TriplePoint Venture's (TPVG) Q3 earnings.
Thu, 29 Oct 2020
16:34:04 +0000
TriplePoint Venture Growth (TPVG) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
TriplePoint Venture Growth (TPVG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Thu, 22 Oct 2020
20:15:00 +0000
TriplePoint Venture Growth BDC Corp. to Announce 2020 Third Quarter Financial Results on Thursday, November 5, 2020
TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the "Company"), the leading financing provider to venture growth stage companies backed by a select group of venture capital firms in the technology, life sciences and other high growth industries, today announced it will release its financial results for its third quarter ended September 30, 2020 after market-close on Thursday, November 5, 2020. James P. Labe, chief executive officer and chairman of the board, Sajal K. Srivastava, president and chief investment officer, and Christopher M. Mathieu, chief financial officer, will host a conference call that same day at 5:00 p.m., Eastern Time to discuss the Company's financial results.
Wed, 30 Sep 2020
18:03:20 +0000
3 ‘Strong Buy’ Stocks With Dividend Yields of 8% or Better
What to make of the markets lately? Early September showed a sharp drop from peak values, but since the eighth of the month – for the past three weeks – volatility has ruled the day. All the major indexes have bouncing up and down without showing a clear trend. While increased volatility is almost certainly going to stay with us for a while, it’s time to consider defensive stocks. And that will bring us to dividends. By providing a steady income stream, no matter what the market conditions, a reliable dividend stock provides a pad for your investment portfolio when the share stop appreciating.With this in mind, we’ve used the TipRanks database to pull up three dividend stocks yielding 8% or more. That’s not all they offer, however. Each of these stocks has a Strong Buy rating, and considerable upside potential.Solar Senior Capital (SUNS)The first stock is Solar Senior Capital, an investment management company focused on an externally managed non-diversified portfolio. SUNS invests in mid-market companies, taking positions in unitranche instruments, secured loans, and first and second lien debt. The company’s investment targets are mid-market firms with below-investment grade credit ratings, and its portfolio is valued at $532.4 million.Solar’s earnings, up to 1Q20, had held steady at 35 cents per share – but that took a sudden dive in the second quarter this year, coming in at 32 cents. That drop came even as the company also reported a solid financial base, with net assets of $249 million and available capital exceeding $210 million.Despite the lower earnings, the quarterly results were sufficient to maintain the dividend. This is paid monthly, at a rate of 10 cents per common share, making the quarterly distribution 30 cents. This leads to a high payout ratio, but at current earning levels the dividend is sustainable. The annualized payment, of $1.20, gives a yield of 9.4%, which is more than 4.5x higher than the average dividend yield found among S&P index members. The company has paid out the dividend reliably, no matter the market conditions, since 2011.Covering this stock for Ladenburg, analyst Mickey Schleien rates SUNS a Buy, along with a $15 price target. This target implies an 18% upside for the coming year. (To watch Schleien’s track record, click here)Supporting his stance, Schleien writes, “…the company's pipeline is increasing with more compelling opportunities at higher yields. SUNS is operating within the incentive management fee catch-up band, and the external manager continues to waive fees to the extent necessary for NII to cover the dividend through 2020.” The Strong Buy analyst consensus rating on SUNS is unanimous, based on 3 Buy reviews. The stock’s $12.68 trading price and $15.67 average price target give a one-year upside potential of 24%. (See SUNS stock analysis on TipRanks)Barings BDC, Inc. (BBDC)Barings, the next stock on our list, is a busines development corporation. The company provides capital access and asset management for its customers, middle-market companies seeking financing solutions. Barings invests in debt, equity, and fixed income assets, and boasts over $346 billion in total assets under management.While Barings took a hard hit to revenue in the first quarter, as the corona crisis took hold, the company has seen the top line return to positive numbers in the second quarter. At $56 million, the Q2 revenue was also more than 4x higher than results in the second half of 2019. Earnings have been stable, with EPS reported between 14 and 16 cents for the past 7 quarters.In another sign of strength, Barings in August completed an agreement to acquire MVC Capital. The deal, which totals $177.5 million in cash and stock, is expected to close in 4Q20 and will create a combined company with an investment portfolio worth more than $1.2 billion.While that move is going forward, BBDC continues to reward shareholders. The company has been gradually growing its quarterly dividend payment for the past two years. The current payout is 16 cents per common share, giving an annualized payment of 64 cents and a robust yield of 8%.Raymond James analyst Robert Dodd notes the importance of the MVC transaction for BBDC: “…we expect that BBDC will recognize a top-line income contributor 'accretion of purchase discount' over the life of the MVC portfolio.” Dodd goes on to note that this will have a positive impact on the dividend, writing, “We are projecting a dividend increase following the close of the MVC acquisition. We believe the dividend could be increased from the current $0.16/share per quarter to $0.17/share in 1Q21. While we believe earnings power will exceed that level, over-coverage is a good thing in our view — and we believe projecting a 90% payout ratio is prudent.”Dodd’s comments back up his Buy rating on the stock. He gives Barings a $9.50 price target, which indicates room for 19% growth over the next 12 months. (To watch Dodd’s track record, click here)Overall, Barings’ Strong Buy consensus rating is held up by 3 recent Buys against a single Hold. The company has an average price target of $9, suggesting a 12.5% upside from the $8.01 trading price. (See BBDC stock analysis on TipRanks)TriplePoint Venture Growth (TPVG)The last stock on our list is another management investment company. TriplePoint Venture is a venture capital investment firm with a portfolio focused on the tech and life sciences. These are high-growth industries that gobble up cash – but also offer the promise of high returns.TriplePoint’s earnings have been falling off this year from their peak, at 45 cents per share in Q4 of last year, even as revenue as recovered from corona-induced losses in the first quarter. For the second quarter, the top line came in at $23 million, while EPS slipped 7% to 38 cents. Even though earnings are down, they still beat the forecast by 5.5%.However, the company’s dividend payment has been remarkably stable for the past few years. Except for one downward blip in December 2018, the dividend has been consistently paid out at 36 cents per common share per quarter. This gives an annualized payment of $1.44, and a powerful yield of 12.8%. The high yield, combined with the reliable payment history, make this dividend valuable, especially in a time of near-zero interest rate policy.Christopher York, 4-star analyst with JMP Securities, believes that the recent second quarter results justify an Outperform (i.e. Buy) rating on TPVG, and his $13 price target implies an upside of 16%. (To watch York’s track record, click here)Backing his outlook, York writes, “TPVG remains our favorite BDC idea for those that trade below $500mln in market cap; we find the stock especially attractive for both yield-seeking and value investors [...] We continue to believe TriplePoint's core dividend run-rate of $0.36 is sustainable throughout 2021 and note that the total return requirement in the incentive fee should provide additional support to dividend coverage from any future credit losses.”Overall, Wall Street’s analysts have been nothing but bullish on TPVG over the past three months. Out of 5 analysts who cover the stock, all 5 are bullish. Meanwhile, their average price target of $13.30 suggests a 19% upside from current levels. (See TriplePoint’s stock analysis at TipRanks)To find good ideas for dividend stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
Wed, 05 Aug 2020
20:17:00 +0000
TriplePoint Venture Growth BDC Corp. Announces Second Quarter 2020 Financial Results
TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the "Company," "TPVG," "we," "us," or "our"), 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 its financial results for the second quarter ended June 30, 2020 and the declaration by its Board of Directors of its third quarter 2020 distribution of $0.36 per share.
Wed, 22 Jul 2020
20:20:00 +0000
TriplePoint Venture Growth BDC Corp. to Announce 2020 Second Quarter Financial Results on Wednesday, August 5, 2020
TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the "Company"), the leading financing provider to venture growth stage companies backed by a select group of venture capital firms in the technology, life sciences and other high growth industries, today announced it will release its financial results for its second quarter ended June 30, 2020 after market-close on Wednesday, August 5, 2020. James P. Labe, chief executive officer and chairman of the board, Sajal K. Srivastava, president and chief investment officer, and Christopher M. Mathieu, chief financial officer, will host a conference call that same day at 5:00 p.m., Eastern Time to discuss the Company's financial results.
Sun, 14 Jun 2020
22:41:57 +0000
Edited Transcript of TPVG earnings conference call or presentation 6-May-20 10:00pm GMT
Q1 2020 Triplepoint Venture Growth BDC Corp Earnings Call
Thu, 07 May 2020
21:00:44 +0000
TriplePoint Venture Growth BDC Corp (TPVG) Q1 2020 Earnings Call Transcript
TPVG earnings call for the period ending March 31, 2020.
Wed, 06 May 2020
21:55:09 +0000
TriplePoint Venture Growth (TPVG) Beats Q1 Earnings Estimates
TriplePoint Venture Growth (TPVG) delivered earnings and revenue surprises of 2.50% and -7.19%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Wed, 06 May 2020
20:40:00 +0000
TriplePoint Venture Growth BDC Corp. Announces First Quarter 2020 Financial Results
TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the "Company," "TPVG," "we," "us," or "our"), 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 its financial results for the first quarter ended March 31, 2020 and the declaration by its Board of Directors of its second quarter 2020 distribution of $0.36 per share.
Wed, 06 May 2020
20:00:00 +0000
TriplePoint Venture Growth BDC Corp. to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / May 6, 2020 / TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on May 6, 2020 ...
Fri, 01 May 2020
21:29:00 +0000
TriplePoint Venture Growth BDC Corp. Announces Adjournment of 2020 Annual Meeting of Stockholders
TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the "Company") held its 2020 Annual Meeting of Stockholders (the "Annual Meeting") on May 1, 2020. As a result of mailing difficulties faced by the Company’s proxy solicitation firm relating to the COVID-19 pandemic, no quorum was present for the conduct of business at the Annual Meeting. To solicit additional votes to establish a quorum for the Annual Meeting, the meeting was adjourned until Friday, May 29, 2020 at 10:30 a.m., Pacific Time, and will reconvene at that time as a live webcast at www.virtualshareholdermeeting.com/TPVG2020.

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Triplepoint Venture Growth Bdc Corp (TPVG)