TPVG Stock Recent News

TriplePoint Venture Growth suffers from high non-accruals in its credit portfolio. The firm's NAV dropped 11% Q/Q to $9.21 per share in Q4 due to realized investment losses. The BDC's non-accrual percentage dropped to 4% in Q4 '23. TPVG had a 118% NII/dividend ratio in Q4 '23, and 129% in FY 2023. The dividend, for now, appears reasonably well-protected.

TriplePoint Venture Growth experienced a rough quarter with $52 million in realized losses and a decline in portfolio value. The company has been able to maintain its dividend by waiving the incentive fee, but this may lead to talent leaving the company. We tell you why TriplePoint Venture Growth is a Sell despite the high yield.

Triplepoint Venture Growth (NYSE:TPVG ) Q4 2023 Earnings Conference March 6, 2024 5:00 PM ET Company Participants James Labe - Co-Founder, Chairman & CEO Sajal Srivastava - Co-Founder, President, CIO, Secretary, Treasurer & Director Christopher Mathieu - CFO Conference Call Participants Brian McKenna - Citizens JMP Casey Alexander - Compass Point Research & Trading Christopher Nolan - Ladenburg Thalmann & Co. Paul Johnson - KBW Operator Good afternoon, ladies and gentlemen. Welcome to the Triplepoint Venture Growth BDC Corp. Fourth Quarter 2023 Earnings Conference Call.

TriplePoint Venture Growth (TPVG) came out with quarterly earnings of $0.47 per share, missing the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.58 per share a year ago.

I'm locking in massive income from this "accidental high yielder." The market moves in mysterious ways, but I don't let it decide for me. Retirement needs cash to pay for your needs, we can help you find cash in the market.

TriplePoint Venture Growth has posted solid financials in 2023, beating estimates on net investment income and total investment income. The company has increased its spillover income quarter-over-quarter but has chosen to be more conservative. TPVG's NAV has been in constant decline since the start of 2022, and its non-accrual percentage is alarmingly high compared to some peers.

TriplePoint Venture Growth is a BDC that specializes in venture debt and targets companies in the growth stage. Venture debt is a growing market, reaching $47 billion in 2021, and offers high yields for investors. The company's portfolio generates high cash flow and has a strong track record, but there are risks associated with non-accruals and leverage.

TriplePoint Venture Growth is a BDC that provides financial assistance to companies in industries like e-commerce, entertainment, technology, and life sciences. The company has a robust financial position with a solid net asset value and total liquidity. The dividend yield is currently above 15% and has been well-covered, but there are concerns about the credit quality of TPVG's portfolio.

TriplePoint Venture Growth is an externally-managed BDC that invests in debt financing for high-growth companies. It currently pays a 15% dividend yield that's well-covered by net investment income. TPVG's portfolio quality has declined, and its NAV/share performance lags behind its peers, making it a less attractive investment option at present.

When SVB collapsed, it created a void that needed to be filled. Venture capital lending can be extremely profitable when done correctly. I'm collecting 15% from TriplePoint Venture Growth as others flee the sector.