TriplePoint Venture Growth: 25% Dividend Cut, What Now? (Rating Upgrade) [Seeking Alpha]
Horizon Technology Finance Corporation (HRZN)
Last horizon technology finance corporation earnings: 4/28 04:15 pm
Check Earnings Report
US:NASDAQ Investor Relations:
ir.horizontechfinance.com/investor-relations
Company Research
Source: Seeking Alpha
Summary TriplePoint Venture Growth cut its dividend by 25% due to insufficient net investment income and high non-accrual percentages, leading to significant selling pressure on the BDC's shares. The BDC's weak balance sheet quality resulted in a poor distribution coverage profile. The dividend cut, however, should help the BDC improve its distribution coverage going forward. Therefore, my rating upgrade is a hold. TPVG's shares trade at a significant discount to net asset value, reflecting ongoing investor concerns about income stability and portfolio quality. Richard Drury TriplePoint Venture Growth ( NYSE: TPVG ) chopped its dividend by 25% this month due to insufficient net investment income and performance challenges in the debt portfolio. The dividend cut was widely expected, as the BDC's shares traded at a dividend yield of up 19% prior to the announcement. I believe TriplePoint Venture Growth cut its dividend down to a more manageable level and the new distributio
Show less
Read more
Impact Snapshot
Event Time:
HRZN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
HRZN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
HRZN alerts
High impacting Horizon Technology Finance Corporation news events
Weekly update
A roundup of the hottest topics
HRZN
News
- Horizon Technology Finance Provides $10 Million Venture Loan Facility to Ursa Space SystemsBusiness Wire
- Horizon Technology: The Level Of Speculation Has Increased After Q3 [Seeking Alpha]Seeking Alpha
- Horizon Technology Finance Announces Monthly Distributions for January, February and March 2025 Totaling $0.33 per ShareBusiness Wire
- Horizon Technology Finance Announces Third Quarter 2024 Financial ResultsBusiness Wire
- Horizon Technology Finance to Announce Third Quarter 2024 Financial ResultsBusiness Wire
HRZN
Earnings
- 10/29/24 - Miss
HRZN
Sec Filings
- 11/14/24 - Form 4
- 10/29/24 - Form 10-Q
- 10/29/24 - Form 8-K
- HRZN's page on the SEC website