Financial Services - Asset Management - NYSE - US
$ 7.9
0.127 %
$ 316 M
Market Cap
39.5
P/E
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.[ Read More ]
The intrinsic value of one TPVG stock under the base case scenario is HIDDEN Compared to the current market price of 7.9 USD, TriplePoint Venture Growth BDC Corp. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart TPVG
FINANCIALS
137 M
REVENUE
73.8 M
OPERATING INCOME
-39.8 M
NET INCOME
106 M
OPERATING CASH FLOW
0
INVESTING CASH FLOW
6.17 M
FINANCING CASH FLOW
26.5 M
REVENUE
13.8 M
OPERATING INCOME
-16.6 M
NET INCOME
99.1 M
OPERATING CASH FLOW
0
INVESTING CASH FLOW
-14.4 M
FINANCING CASH FLOW
Balance Sheet Decomposition
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 | 137 M |
| Cost Of Revenue | 0 |
| Gross Profit | 137 M |
| Operating Expenses | -27.1 M |
| Operating Income | 73.8 M |
| Other Expenses | 114 M |
| Net Income | -39.8 M |
RATIOS
100.00%
GROSS MARGIN
53.68%
OPERATING MARGIN
-28.96%
NET MARGIN
-11.50%
ROE
-4.07%
ROA
21.31%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
TriplePoint Venture Growth BDC Corp.
| Net Income | -39.8 M |
| Depreciation & Amortization | -123 K |
| 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
-5.06%
TPVG Average Price Target
Wall Street Target
8.15 USD
3.16%
TPVG Highest Price Target
Wall Street Target
8.75 USD
10.76%
4. DIVIDEND ANALYSIS
10.41%
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
39.3 K USD 2
6-9 MONTHS
10.5 K USD 1
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
3 months ago
Aug 13, 2024
|
Bought 9.39 K USD
|
Srivastava Sajal
President |
+ 1324
|
7.0923 USD |
|
3 months ago
Aug 13, 2024
|
Bought 161 K USD
|
Srivastava Sajal
President |
+ 22759
|
7.0867 USD |
|
3 months ago
Aug 12, 2024
|
Bought 79.3 K USD
|
Srivastava Sajal
President |
+ 11298
|
7.0199 USD |
|
8 months ago
Mar 14, 2024
|
Bought 23.4 K USD
|
Park Katherine J
Director |
+ 2500
|
9.35 USD |
|
8 months ago
Mar 12, 2024
|
Bought 4.95 K USD
|
Cassani Stephen
Director |
+ 500
|
9.9 USD |
|
8 months ago
Mar 11, 2024
|
Bought 11 K USD
|
Cassani Stephen
Director |
+ 1103
|
9.99 USD |
|
11 months 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 |
|
1 year ago
Dec 19, 2022
|
Bought 11.2 K USD
|
Fornelli Cynthia M.
Director |
+ 1000
|
11.15 USD |
|
1 year 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 |
|
2 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 |
|
5 years ago
Dec 21, 2018
|
Bought 2.6 K USD
|
Labe James
Chief Executive Officer |
+ 250
|
10.4062 USD |
|
5 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 |
|
9 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: 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
- 4 days 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
- 1 week ago
TriplePoint Venture Growth (TPVG) Q3 2024 Earnings Call Transcript
TriplePoint Venture Growth (TPVG) Q3 2024 Earnings Call Transcript
seekingalpha.com
- 1 week ago
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.
zacks.com
- 1 week ago
TriplePoint Venture Growth BDC Corp. Announces Third Quarter 2024 Financial Results
MENLO PARK, Calif.--(BUSINESS WIRE)--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, 2024 and the declaration by its Board of Directors of its fourth quarter 2024 distribution of $0.30 per share. Third Quart.
businesswire.com
- 1 week ago
Readers Identify 25 Ideal September Dividend Buys Out Of 39 Picks
Since May 2017, any dividend-paying stock mentioned by readers is included in my reader favorite listings, highlighting potential opportunities and risks. My stock lists aim to identify promising dividend stocks, using a contrarian investing strategy, primarily for new buyers seeking high-yield opportunities. Reader feedback is crucial for correcting errors and refining strategies, including suggestions for buy-and-hold stocks and option strategies for monthly dividends.
seekingalpha.com
- 1 month 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.
seekingalpha.com
- 1 month ago
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.
seekingalpha.com
- 1 month ago
5 New Stocks Under $10 That Pay Huge Ultra-Yield Dividends of 10% and More
24/7 Wall St. Insights With rates now officially heading lower, ultra-high-yield stocks will be in big demand.
247wallst.com
- 1 month ago
2 Lessons From BDCs That Recently Cut Their Dividends
The fears of BDC dividends becoming unsustainable are rising. The primary driver for this is falling interest rates. While I fully appreciate this risk, in my opinion, by being very selective, investors can keep their attractive BDC dividends safe.
seekingalpha.com
- 1 month ago
2 BDCs At Discounts Of ~20% With Attractive Asymmetric Profiles
This is not the right time to take high risk in the BDC space. Yet, as it is often the case, a challenging environment creates opportunities. In this article, I elaborate on two BDCs which indeed have some risks, but not to the extent that is currently priced in by the market.
seekingalpha.com
- 1 month ago
How I Would Invest $100,000 For Big Dividends In September 2024
I discuss which areas of the market are most opportunistic for generating high yield income right now. I share some of my top picks within those sectors. I also share how I would deploy $100,000 of new money across those opportunities in September 2024.
seekingalpha.com
- 2 months ago
8. Profile Summary
TriplePoint Venture Growth BDC Corp. TPVG
COUNTRY
US
INDUSTRY
Asset Management
MARKET CAP
$ 316 M
Dividend Yield
10.41%
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. Steven Mitchell Levinson
Chief Compliance Officer
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