TPVG Stock Recent News

TriplePoint Venture Growth's high dividend yield of 16.3% is tempting, but its portfolio's resilience is questionable amid rising non-accruals and declining NAV. Despite reduced debt levels, TPVG's Q4 earnings disappointed with a net investment income of $0.32 per share, missing estimates. The portfolio's concentration in consumer products and services poses risks, especially with ongoing economic uncertainties and higher inflation.

TriplePoint Venture Growth reported weaker-than-expected Q4 earnings due to high non-accruals, leading to a 5.4% decline in net asset value in Q4'24. TPVG's 16% yield is still covered by net investment income, and I am maintaining a buy rating for now. TPVG trades at a 16% discount to NAV due to poor balance sheet quality, significantly underperforming rivals Hercules Capital and Horizon Technology Finance.

I've maintained a bearish stance on TriplePoint Venture Growth (TPVG) since May 2024; the stock has declined ~20% since then. TPVG's dividend is unsustainable despite a recent cut; another dividend reduction is likely this year due to ongoing financial headwinds. In this article I discuss in more details why I remain skeptical on TPVG.

Yield to maturity is crucial in baby bond analysis. Yield to call can also be relevant when call risk is more relevant. We're starting with a hypothetical for demonstrating a key point, then we'll look at two baby bonds as they are trading today. Market inefficiencies can arise from liquidity issues, creating trading opportunities between similar preferred shares or baby bonds.

TriplePoint Venture Growth BDC Corp (NYSE:TPVG ) Q4 2024 Earnings Conference Call March 5, 2025 5:00 PM ET Company Participants Jim Labe – Chief Executive Officer and Chairman Sajal Srivastava – President and Chief Investment Officer Mike Wilhelms – Chief Financial Officer Conference Call Participants Crispin Love – Piper Sandler Brian McKenna – Citizens Casey Alexander – Compass Point Christopher Nolan – Ladenburg Thalmann Paul Johnson – KBW Operator Good afternoon, ladies and gentlemen. Welcome to the TriplePoint Venture Growth BDC Corp. Fourth Quarter 2024 Earnings Conference Call.

TriplePoint Venture Growth (TPVG) came out with quarterly earnings of $0.32 per share, missing the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.47 per share a year ago.

MENLO PARK, Calif.--(BUSINESS WIRE)--TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the “Company,” “TPVG,” “we,” “us,” or “our”), a 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 fourth quarter and fiscal year ended December 31, 2024 and the declaration by its Board of Directors of its first quarter 2025 distribution of $0.30 per share.

MENLO PARK, Calif.--(BUSINESS WIRE)--TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the “Company”), a 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 it will release its financial results for its fourth quarter and fiscal year ended December 31, 2024 after market-close on Wednesday, March 5, 2025. James P. Labe, chief executive officer and chairman of the board, Saj.

Since the moment, when I issued my first bearish article on TriplePoint Venture Growth, the BDC has underperformed the index by ~37%. Currently, TPVG trades at a 14% discount to NAV and offers, at least optically, covered dividend of ~15.5%. This seems like an interesting opportunity to reconsider the case.

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.