Financial Services -
Asset Management - NYSE - US
$ 7.61
-1.55 %
$ 305 M
Market Cap
38.05
P/E
1. INTRINSIC VALUE
Balance Sheet
TriplePoint Venture Growth BDC Corp.
| Current Assets | 156 M |
| Cash & Short-Term Investments | 153 M |
| Receivables | 0 |
| Other Current Assets | 2.38 M |
| Non-Current Assets | 802 M |
| Long-Term Investments | 802 M |
| PP&E | 0 |
| Other Non-Current Assets | 0 |
| Current Liabilities | 27.5 M |
| Accounts Payable | 0 |
| Short-Term Debt | 0 |
| Other Current Liabilities | 27.5 M |
| Non-Current Liabilities | 0 |
| Long-Term Debt | 0 |
| Other Non-Current Liabilities | 0 |
EFFICIENCY
Earnings Waterfall
TriplePoint Venture Growth BDC Corp.
| Revenue | 61.7 M |
| Cost Of Revenue | -75.8 M |
| Gross Profit | 137 M |
| Operating Expenses | -27.1 M |
| Operating Income | 73.8 M |
| Other Expenses | 114 M |
| Net Income | -39.8 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
TriplePoint Venture Growth BDC Corp.
| Net Income | -39.8 M |
| Depreciation & Amortization | 0 |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 0 |
| Change in Working Capital | -3.5 M |
| Others | 146 M |
| Free Cash Flow | 106 M |
Wall Street Analysts Price Targets
TriplePoint Venture Growth BDC Corp.
Wall Street analysts predict an average 1-year price target for TPVG of $8.15 , with forecasts ranging from
a
low of
$7.5 to a high of $8.75 .
TPVG Lowest Price Target
Wall Street Target
7.5 USD
-1.45%
TPVG Average Price Target
Wall Street Target
8.15 USD
7.10%
TPVG Highest Price Target
Wall Street Target
8.75 USD
14.98%
4. DIVIDEND
ANALYSIS
4.02%
DIVIDEND YIELD
0.3 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
TriplePoint Venture Growth BDC Corp.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
250 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
39.3 K USD 2
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
5 months ago
Aug 13, 2024
|
Bought
9.39 K USD
|
Srivastava Sajal
President
|
+ 1324
|
7.0923 USD |
|
5 months ago
Aug 13, 2024
|
Bought
161 K USD
|
Srivastava Sajal
President
|
+ 22759
|
7.0867 USD |
|
5 months ago
Aug 12, 2024
|
Bought
79.3 K USD
|
Srivastava Sajal
President
|
+ 11298
|
7.0199 USD |
|
10 months ago
Mar 14, 2024
|
Bought
23.4 K USD
|
Park Katherine J
Director
|
+ 2500
|
9.35 USD |
|
10 months ago
Mar 12, 2024
|
Bought
4.95 K USD
|
Cassani Stephen
Director
|
+ 500
|
9.9 USD |
|
10 months ago
Mar 11, 2024
|
Bought
11 K USD
|
Cassani Stephen
Director
|
+ 1103
|
9.99 USD |
|
1 year ago
Dec 18, 2023
|
Bought
10.5 K USD
|
Fornelli Cynthia M.
Director
|
+ 1000
|
10.47 USD |
|
1 year ago
Nov 09, 2023
|
Bought
25.2 K USD
|
Park Katherine J
Director
|
+ 2480
|
10.17 USD |
|
1 year ago
Nov 08, 2023
|
Bought
203 USD
|
Park Katherine J
Director
|
+ 20
|
10.1505 USD |
|
2 years ago
Dec 19, 2022
|
Bought
11.2 K USD
|
Fornelli Cynthia M.
Director
|
+ 1000
|
11.15 USD |
|
2 years ago
Dec 19, 2022
|
Bought
30 K USD
|
Vogel Kimberley H
Director
|
+ 2764
|
10.8414 USD |
|
2 years ago
Sep 09, 2022
|
Bought
133 K USD
|
Mathieu Christopher M.
Chief Financial Officer
|
+ 10000
|
13.3425 USD |
|
2 years ago
Sep 09, 2022
|
Bought
13.4 K USD
|
Fornelli Cynthia M.
director:
|
+ 1000
|
13.35 USD |
|
2 years ago
Jun 17, 2022
|
Bought
122 K USD
|
Mathieu Christopher M.
Chief Financial Officer
|
+ 10000
|
12.1646 USD |
|
2 years ago
Jun 09, 2022
|
Bought
14.8 K USD
|
Fornelli Cynthia M.
director:
|
+ 1000
|
14.75 USD |
|
3 years ago
Dec 14, 2021
|
Bought
8.52 K USD
|
Fornelli Cynthia M.
Director
|
+ 500
|
17.0499 USD |
|
3 years ago
Aug 09, 2021
|
Bought
7.85 K USD
|
Fornelli Cynthia M.
Director
|
+ 500
|
15.6987 USD |
|
3 years ago
Mar 09, 2021
|
Bought
14.8 K USD
|
Fornelli Cynthia M.
Director
|
+ 1000
|
14.83 USD |
|
4 years ago
Aug 24, 2020
|
Bought
68.1 K USD
|
Mathieu Christopher M.
Chief Financial Officer
|
+ 5500
|
12.39 USD |
|
4 years ago
Aug 10, 2020
|
Bought
60.9 K USD
|
Mathieu Christopher M.
Chief Financial Officer
|
+ 5000
|
12.18 USD |
|
4 years ago
Jun 23, 2020
|
Bought
2.97 K USD
|
Fornelli Cynthia M.
Director
|
+ 300
|
9.901 USD |
|
4 years ago
May 28, 2020
|
Bought
10.1 K USD
|
Cassani Stephen
Director
|
+ 1000
|
10.0798 USD |
|
4 years ago
May 13, 2020
|
Bought
3.98 K USD
|
Fornelli Cynthia M.
Director
|
+ 500
|
7.961 USD |
|
4 years ago
Mar 27, 2020
|
Bought
6.01 K USD
|
Cassani Stephen
Director
|
+ 897
|
6.7 USD |
|
4 years ago
Mar 23, 2020
|
Bought
4.83 K USD
|
Cassani Stephen
Director
|
+ 1000
|
4.8302 USD |
|
4 years ago
Mar 24, 2020
|
Bought
15.6 K USD
|
Ahye Gilbert
Director
|
+ 3000
|
5.2034 USD |
|
4 years ago
Mar 25, 2020
|
Bought
25.4 K USD
|
Mathieu Christopher M.
Chief Financial Officer
|
+ 5000
|
5.09 USD |
|
4 years ago
Mar 23, 2020
|
Bought
922 USD
|
Fornelli Cynthia M.
Director
|
+ 200
|
4.6124 USD |
|
6 years ago
Dec 21, 2018
|
Bought
2.6 K USD
|
Labe James
Chief Executive Officer
|
+ 250
|
10.4062 USD |
|
6 years ago
Dec 20, 2018
|
Bought
73.3 K USD
|
Srivastava Sajal
President
|
+ 7034
|
10.4277 USD |
|
6 years ago
Nov 08, 2018
|
Bought
15 K USD
|
Cassani Stephen
Director
|
+ 1200
|
12.5284 USD |
|
6 years ago
Mar 22, 2018
|
Bought
238 K USD
|
Bird Steven
Director
|
+ 20000
|
11.9126 USD |
|
7 years ago
Oct 25, 2017
|
Bought
302 K USD
|
Labe James
Chief Executive Officer
|
+ 22156
|
13.65 USD |
|
7 years ago
Oct 25, 2017
|
Bought
605 K USD
|
Srivastava Sajal
President
|
+ 44313
|
13.65 USD |
|
7 years ago
Oct 25, 2017
|
Bought
101 K USD
|
Olson Andrew
Chief Financial Officer
|
+ 7386
|
13.65 USD |
|
7 years ago
May 31, 2017
|
Bought
105 K USD
|
Srivastava Sajal
President
|
+ 8000
|
13.1 USD |
|
8 years ago
Sep 09, 2016
|
Bought
77.2 K USD
|
Srivastava Sajal
CIO and President
|
+ 7000
|
11.0236 USD |
|
8 years ago
Aug 25, 2016
|
Bought
92.4 K USD
|
Srivastava Sajal
President and CIO
|
+ 8000
|
11.5445 USD |
|
9 years ago
Sep 01, 2015
|
Bought
356 K USD
|
Bird Steven
Director
|
+ 30000
|
11.8546 USD |
|
9 years ago
Aug 24, 2015
|
Bought
58.1 K USD
|
Srivastava Sajal
See Remarks
|
+ 5000
|
11.62 USD |
|
9 years ago
Aug 21, 2015
|
Bought
150 K USD
|
Srivastava Sajal
See Remarks
|
+ 12366
|
12.11 USD |
|
9 years ago
Aug 20, 2015
|
Bought
32.5 K USD
|
Srivastava Sajal
See Remarks
|
+ 2634
|
12.35 USD |
|
9 years ago
Jun 02, 2015
|
Bought
94.8 K USD
|
Srivastava Sajal
See Remarks
|
+ 7000
|
13.55 USD |
|
10 years ago
Dec 22, 2014
|
Bought
7.42 K USD
|
Cassani Stephen
Director
|
+ 500
|
14.84 USD |
|
10 years ago
Nov 05, 2014
|
Bought
110 K USD
|
Labe James
Chief Executive Officer
|
+ 7500
|
14.6749 USD |
|
10 years ago
Nov 04, 2014
|
Bought
94.2 K USD
|
Labe James
Chief Executive Officer
|
+ 6500
|
14.49 USD |
|
10 years ago
Nov 05, 2014
|
Bought
73.4 K USD
|
ZAGUNIS HAROLD F
Chief Financial Officer
|
+ 5000
|
14.6827 USD |
|
10 years ago
Nov 03, 2014
|
Bought
72.4 K USD
|
Srivastava Sajal
President and CIO
|
+ 5000
|
14.4859 USD |
|
10 years ago
Oct 31, 2014
|
Bought
145 K USD
|
Srivastava Sajal
President and CIO
|
+ 10000
|
14.4898 USD |
|
10 years ago
Jun 16, 2014
|
Sell 185 K
USD
|
Philadelphia Financial Management of San Francisco, LLC
10 percent owner
|
- 12090
|
15.3 USD |
|
10 years ago
Jun 16, 2014
|
Sell 76.3 K
USD
|
Philadelphia Financial Management of San Francisco, LLC
10 percent owner
|
- 4988
|
15.3 USD |
|
10 years ago
Apr 15, 2014
|
Bought
109 K USD
|
Philadelphia Financial Management of San Francisco, LLC
10 percent owner
|
+ 7289
|
14.99 USD |
|
10 years ago
May 09, 2014
|
Sell 21.9 K
USD
|
Philadelphia Financial Management of San Francisco, LLC
10 percent owner
|
- 1452
|
15.11 USD |
|
10 years ago
May 12, 2014
|
Sell 12.1 K
USD
|
Philadelphia Financial Management of San Francisco, LLC
10 percent owner
|
- 804
|
15 USD |
|
10 years ago
May 21, 2014
|
Sell 60.5 K
USD
|
Philadelphia Financial Management of San Francisco, LLC
10 percent owner
|
- 3928
|
15.4 USD |
|
10 years ago
May 22, 2014
|
Sell 14.7 K
USD
|
Philadelphia Financial Management of San Francisco, LLC
10 percent owner
|
- 951
|
15.45 USD |
|
10 years ago
Mar 19, 2014
|
Bought
205 K USD
|
Philadelphia Financial Management of San Francisco, LLC
10 percent owner
|
+ 12612
|
16.23 USD |
|
10 years ago
May 23, 2014
|
Sell 9.97 K
USD
|
Philadelphia Financial Management of San Francisco, LLC
10 percent owner
|
- 645
|
15.45 USD |
|
10 years ago
Jun 02, 2014
|
Sell 80.7 K
USD
|
Philadelphia Financial Management of San Francisco, LLC
10 percent owner
|
- 5158
|
15.64 USD |
|
10 years ago
Mar 18, 2014
|
Bought
42.5 K USD
|
Philadelphia Financial Management of San Francisco, LLC
10 percent owner
|
+ 2648
|
16.04 USD |
|
10 years ago
Mar 14, 2014
|
Bought
75 K USD
|
Philadelphia Financial Management of San Francisco, LLC
10 percent owner
|
+ 4715
|
15.9 USD |
|
10 years ago
Mar 13, 2014
|
Bought
128 K USD
|
Philadelphia Financial Management of San Francisco, LLC
10 percent owner
|
+ 8164
|
15.73 USD |
|
10 years ago
Apr 15, 2014
|
Bought
35.8 K USD
|
Philadelphia Financial Management of San Francisco, LLC
10 percent owner
|
+ 2391
|
14.99 USD |
|
10 years ago
May 09, 2014
|
Sell 10.5 K
USD
|
Philadelphia Financial Management of San Francisco, LLC
10 percent owner
|
- 696
|
15.11 USD |
|
10 years ago
Mar 19, 2014
|
Bought
71.5 K USD
|
Philadelphia Financial Management of San Francisco, LLC
10 percent owner
|
+ 4404
|
16.23 USD |
|
10 years ago
May 12, 2014
|
Sell 36.8 K
USD
|
Philadelphia Financial Management of San Francisco, LLC
10 percent owner
|
- 2450
|
15 USD |
|
10 years ago
Mar 18, 2014
|
Bought
14.8 K USD
|
Philadelphia Financial Management of San Francisco, LLC
10 percent owner
|
+ 925
|
16.04 USD |
|
10 years ago
May 21, 2014
|
Sell 59.3 K
USD
|
Philadelphia Financial Management of San Francisco, LLC
10 percent owner
|
- 3852
|
15.4 USD |
|
10 years ago
Mar 14, 2014
|
Bought
26 K USD
|
Philadelphia Financial Management of San Francisco, LLC
10 percent owner
|
+ 1637
|
15.9 USD |
|
10 years ago
May 22, 2014
|
Sell 14.4 K
USD
|
Philadelphia Financial Management of San Francisco, LLC
10 percent owner
|
- 932
|
15.45 USD |
|
10 years ago
May 23, 2014
|
Sell 3.65 K
USD
|
Philadelphia Financial Management of San Francisco, LLC
10 percent owner
|
- 236
|
15.45 USD |
|
10 years ago
Mar 13, 2014
|
Bought
44.6 K USD
|
Philadelphia Financial Management of San Francisco, LLC
10 percent owner
|
+ 2837
|
15.73 USD |
|
10 years ago
Jun 02, 2014
|
Sell 30.6 K
USD
|
Philadelphia Financial Management of San Francisco, LLC
10 percent owner
|
- 1955
|
15.64 USD |
7. News
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.
seekingalpha.com
- 2 weeks 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.
businesswire.com
- 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.
globenewswire.com
- 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.
seekingalpha.com
- 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.
seekingalpha.com
- 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.
seekingalpha.com
- 1 month 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.
seekingalpha.com
- 1 month 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.
seekingalpha.com
- 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.
seekingalpha.com
- 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.
seekingalpha.com
- 2 months 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.
seekingalpha.com
- 2 months ago
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.
seekingalpha.com
- 2 months ago
8. Profile
Summary
TriplePoint Venture Growth BDC Corp. TPVG
COUNTRY
US
INDUSTRY
Asset Management
MARKET CAP
$ 305 M
Dividend Yield
4.02%
Description
TriplePoint Venture Growth BDC Corp. is a business development company specializing investments in venture capital-backed companies at the growth stage investments. It also provides debt financing to venture growth space companies which includes growth capital loans, secured and customized loans, equipment financings, revolving loans and direct equity investments. The fund seeks to invest in e-commerce, entertainment, technology and life sciences sector. Within technology the areas of focus include: Security, wireless communication equipments, network system and software, business applications software, conferencing equipments/services .big data, cloud computing, data storage, electronics, energy efficiency, hardware, information services, internet and media, networking, semiconductors, software, software as a service, and other technology related subsectors and within life sciences the areas of focus include: biotechnology, bio fuels/bio mass, diagnostic testing and bioinformatics, drug delivery, drug discovery, healthcare information systems, healthcare services, medical, surgical and therapeutic devices, pharmaceuticals and other life science related subsectors. Within growth capital loans it invests between $5 million and $50 million, for equipment financings it invests between $5 million and $25 million, for revolving loans it invests between $1 million and $25 million, and for direct equity investments it may invest between $0.1 million and $5 million (generally not exceeding 5% of the company's total equity). The debt financing products are typically structured as lines of credit and it invests through warrants and secured loans. It targeted returns between 10% and 18%. It does not take board seat in the company.
Contact
2755 Sand Hill Road, Menlo Park, CA, 94025
https://www.tpvg.com
IPO
Date
March 6, 2014
Employees
None
Officers
Mr. Matthew A. Galiani
Interim Chief Financial Officer & Controller
Mr. Sajal K. Srivastava
Co-Founder, President, Chief Investment Officer, Secretary, Treasurer & Director
Mr. James Peter Labe
Co-Founder, Chairman & Chief Executive Officer
Mr. Steven Mitchell Levinson
Chief Compliance Officer