TriplePoint Venture Growth: Get Ready For A Dividend Cut (Downgrade) [Seeking Alpha]
TriplePoint Venture Growth BDC Corp. (TPVG)
Last triplepoint venture growth bdc corp. earnings: 3/4 04:15 pm
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US:NYSE Investor Relations:
investor.tpvg.com/investor-relations/default.aspx
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Source: Seeking Alpha
The BDC is facing pressure on its net investment income and continues to report investment losses. Shareholders are likely to see a dividend cut in the next 1-2 quarters due to weakening distribution coverage. TriplePoint Venture Growth BDC ( NYSE: TPVG ) is most likely headed for a dividend cut in the near term as the company's net asset value and balance sheet quality continued to suffer in the first fiscal quarter. Although the BDC supported its dividend of $0.40 per-share quarterly with NII, there is practically no dividend safety left for TriplePoint Growth at this point. For those reasons, and considering the fact that the BDC continued to report investment losses in Q1'24, I believe the risk profile is skewed to the downside, and I am changing my rating to sell! Previous rating I rated shares of TriplePoint Venture Growth a hold in March as the company reported a drop in its non-accrual percentage (due to realized losses) and because the BDC supported its dividend with
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TPVG
News
- TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) had its "underperform" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $9.00 price target on the stock.MarketBeat
- TriplePoint Venture Growth BDC Corp. Announces Retirement of Chief Financial Officer [Yahoo! Finance]Yahoo! Finance
- TriplePoint Venture Growth BDC Corp. Announces Retirement of Chief Financial OfficerBusiness Wire
- TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) had its "underweight" rating re-affirmed by analysts at Wells Fargo & Company. They now have a $8.50 price target on the stock, down previously from $9.50.MarketBeat
- Implied Volatility Surging for TriplePoint Venture (TPVG) Stock Options [Yahoo! Finance]Yahoo! Finance
TPVG
Earnings
- 5/1/24 - Miss
TPVG
Sec Filings
- 6/26/24 - Form 40-APP/A
- 6/14/24 - Form 8-K
- 5/2/24 - Form 8-K
- TPVG's page on the SEC website