TPVG Stock Recent News

TriplePoint Venture Growth is currently paying out a substantial 15.2% dividend yield. The BDC has enough spillover income to cover its base dividend for 2.6 quarters, with a year-end special payment also likely. A continued rise of loans on non-accrual status and payment-in-kind income against a high leverage ratio means TPVG will be more sensitive to possible rate cuts next year.

TriplePoint Venture Growth BDC's high non-accrual ratio may deter passive income investors. However, the BDC's earnings show that it easily covered its dividend payout with net investment income, suggesting dividend sustainability. Despite the BDC's credit portfolio challenges, the stock is selling at net asset value, making it an attractive option for passive income investors.

TPVG's earnings growth continued in Q3 - NII, rose 13.3%, thanks to its floating interest rate debt investments. TPVG is undervalued vs. the BDC industry, on an earnings and NAV basis. Its top 2 rating tiers of companies held remained above 86% in Q3 '23.

TriplePoint Venture Growth saw a surge in problematic loans in its portfolio in Q1'23 and Q2'23, which could lead to a dividend cut going forward. The BDC's poor loan quality and high non-accrual percentage raise concerns for dividend investors. Comparisons with rival Hercules Capital show that TriplePoint Venture is an inferior choice in terms of portfolio quality.

American innovation has led to many investment opportunities in start-up companies. The venture capital sector saw several headwinds early in the year that had ripple effects throughout the start-up world. You can earn a massive income by helping to provide liquidity to young firms with TriplePoint Venture Growth.

TriplePoint Venture Growth had a solid last quarter at first glance. Despite growing investment income, TPVG's significant net unrealized losses put the company's viability under question. TPVG has a supermarket balance sheet, a growing percentage of distressed investments, and a too-large portion of its debt portfolio that carries fixed interest. Rising net investment income, generous dividend yield, and 50% margin of safety are not enough to consider TPVG investable. In conclusion, I give TPVG a sell rating.

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Triplepoint Venture Growth is a high-yielding fund that can provide stable income even during market downturns. TPVG's NAV is still down from its peak, but its NII has continued to increase, indicating the potential for a repricing upwards. The market's punishment of tech companies has created buying opportunities for TPVG, and its strong NII growth makes it an attractive investment.

TriplePoint Venture Growth BDC's stock price dropped after presenting second quarter earnings, creating a buying opportunity for passive income investors. Despite an increase in bad loans, TriplePoint Venture Growth BDC continues to cover its dividend with net investment income. The BDC's credit quality has deteriorated, but it still maintains good dividend coverage and a stable dividend for the third quarter.

TriplePoint Venture Growth now yields 14% after dropping post Q2 earnings. TPVG provides debt financing to high-growth venture capital-backed companies and targets returns in the 10-18% range. TPVG has a high weighted average portfolio yield, strong net investment income, and a well-covered dividend yield, making it an attractive option for risk-tolerant investors.