TriplePoint Venture Growth BDC Corp. (TPVG)
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.
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.
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.
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.
TriplePoint Venture Growth: The Worst May Be Over (Rating Upgrade)
I initially issued a sell rating on TriplePoint Venture Growth due to weak net investment income and questionable distribution coverage, but recent Q3 earnings show improvement. TPVG's portfolio strategy focuses on lending to venture capital-backed companies, with a diverse debt portfolio, but remains vulnerable to interest rates. The current dividend yield of 17.6% is attractive for income investors but comes with additional risks compared to peer BDCs.
TriplePoint Venture Growth (TPVG) Q3 2024 Earnings Call Transcript
TriplePoint Venture Growth (TPVG) Q3 2024 Earnings Call Transcript
TriplePoint Venture Growth (TPVG) Beats Q3 Earnings and Revenue Estimates
TriplePoint Venture Growth (TPVG) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.54 per share a year ago.
TriplePoint Venture: Upgrading The 18% Yielder Ahead Of Q3 Results
TriplePoint Venture Growth had, and perhaps still has, major issues. One new insider stepped up to buy more shares. We assess the ruins and tell you why we are giving this an upgrade.
TriplePoint Venture Growth: Stay Away From This 17% Yield (Rating Downgrade)
TriplePoint Venture Growth offers a high dividend yield but has a risky portfolio and poor net asset value performance, making it a less attractive investment. TriplePoint focuses on tech and venture growth stage companies, which increases potential returns but also elevates risks, especially in a high-interest-rate environment. The company's net asset value has declined consistently, and its high non-accruals and writedowns suggest ongoing financial issues within its portfolio.
TriplePoint Venture Growth: Don't Get Caught Going Down With The Ship
TriplePoint Venture Growth has faced headwinds, cutting its dividend by 25% and underperforming peers in the BDC sector the past two years. TPVG's latest earnings showed missed estimates, declining portfolio value, but also some positive signs such as new commitments and reduced leverage. While TPVG's dividend is currently covered, risks of an additional cut remain due to declining portfolio value and potential economic downturns.
TriplePoint Venture Growth: 25% Dividend Cut - What To Do Now?
TriplePoint Venture Growth BDC stock price plummeted 7% to a new 52-week low after worse-than-expected Q2 results. TPVG realigned its dividend with lower net investment income, resulting in a 25% cut to $0.30 per share per quarter. Ongoing investment losses led to a QoQ drop in net asset value, causing TriplePoint stock to sell at an 18% discount.
TriplePoint Venture: New Distribution Looks Unsustainable As Well
TriplePoint Venture Growth stock dropped after its Q2 2024 results. TriplePoint Venture's distribution cut was to blame. With its equity issuance window closed, TPVG has a whole host of challenges to overcome, and the new distribution looks unsustainable.
