TPVG - TriplePoint Venture Growth BDC Corp.

NYSE - Nasdaq Real Time Price. Currency in USD
11.83
-0.56 (-4.52%)
As of 10:53AM EST. Market open.
Stock chart is not supported by your current browser
Previous Close12.39
Open12.08
Bid11.76 x 1200
Ask11.82 x 900
Day's Range11.55 - 12.08
52 Week Range11.55 - 17.17
Volume254,132
Avg. Volume283,588
Market Cap352.891M
Beta (5Y Monthly)1.01
PE Ratio (TTM)8.28
EPS (TTM)1.43
Earnings DateMar 03, 2020
Forward Dividend & Yield1.44 (10.55%)
Ex-Dividend DateNov 26, 2019
1y Target Est15.04
  • Business Wire

    TriplePoint Venture Growth BDC Corp. to Announce 2019 Fourth Quarter and Fiscal Year Financial Results on Wednesday, March 4, 2020

    TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the "Company"), the leading financing provider to venture growth stage companies backed by a select group of venture capital firms in the technology, life sciences and other high growth industries, today announced it will release its financial results for its fourth quarter and fiscal year ended December 31, 2019 after market-close on Wednesday, March 4, 2020. James P. Labe, chief executive officer and chairman of the board, Sajal K. Srivastava, president and chief investment officer, and Christopher M. Mathieu, chief financial officer, will host a conference call that same day at 5:00 p.m., Eastern Time to discuss the Company's financial results.

  • 3 Buy-Rated Dividend Stocks Yielding 6% — Or More
    TipRanks

    3 Buy-Rated Dividend Stocks Yielding 6% — Or More

    Dividends are profit sharing payments, paid out by companies to stockholders, and they represent a steady income stream for investors. Amounts, of course, can vary.There is hard and fast rule for companies to follow in determining a dividend to pay. Some never pay them out, others pay out token amounts as minor rewards for shareholders, while others make the dividend a true incentive for investors. Some companies, real estate investment trusts particularly, are required by law to pay out profits to stake owners and so routinely show high yields.Generally, however, dividend stocks are going to be a good deal for investors. Their price appreciation is usually slower than among their non-dividend counterparts, but they make up for that with the steady yield. Among S&P 500 companies, the average yield is about 2%, making dividends, on average – slightly more lucrative than Treasury bonds, which are currently yielding between 1.5% and 1.75%. And with Wall Street’s analysts predicting a slow year for stock appreciation, dividends are looking even more attractive.And that’s just some basic background, of course. Dividends are only factor for investors to considers in choosing their portfolio. Share gains, the stock’s history and reliability, the company’s forward prospects all count, too. Here, we’ve used the TipRanks Stock Screener tool to focus on dividends. Setting the filters to show us stocks with small market caps, and dividend yields and upside potentials both above 5%, reduced the list to 95 stocks. Here are three that income-minded investors should take note of.Braemar Hotels & Resorts (BHR)First up on our list is an REIT. Braemar focuses on luxury properties, in the hotel and resort segment. The company holds 13 properties across the United States, including one in the Virgin Islands. Five of the resorts are located in California. The company has a market cap of $268 million.From an investor’s perspective, BHR shares represent a true bargain. Share prices have slipped in the last 12 months, making the current point of entry low, while the upside potential remains high (more below). With general economic conditions in the US looking strong – the January jobs numbers were excellent, and the Phase 1 trade agreement between the US and China has eased trade war fears – and spring time just around the corner, the luxury resort segment is looking better as an investment.BHR has met or beaten expectations in the last three reported quarters. In Q3, the most recent, the company showed EPS of 29 cents, 3.5% higher than forecast, on revenues of $118.9 million. The top-line number was 2.2% above estimates, and 9% higher year-over-year. Looking forward, the Wall Street expects to see 21 cents EPS, for a 40% year-over-year gain. The company will report Q4 numbers on February 26.The company, in compliance with tax regulations on REITs, uses its earnings to fund a high-yield dividend. The quarterly payment is 16 cents per share, or 64 cents per share annualized. This gives a yield of 7.8%, almost 4.5x higher than the S&P average. The payout ratio, an important metric that compares the dividend to the company’s earnings and is taken as a sign of payment sustainability, is a healthy 55%.4-star analyst Tyler Batory covers BHR for Janney Montgomery, and is impressed with the company. He recently toured Braemar’s St. Thomas Ritz-Carlton hotel, and wrote, “We were impressed by the quality of the Ritz and expect it to ramp steadily this year, with more substantial growth coming in 2021 and beyond… We expect the hotel to steadily ramp this year with growth in margins and occupancy... We forecast substantial growth in 2021 and beyond.”Batory sets a $14 price target on this stock, suggesting a whopping upside potential of 71%. His rating is a Buy, of course. (To watch Batory’s track record, click here)All in all, BHR holds a Moderate Buy analyst consensus rating, based on 2 Buys and 1 Hold. As mentioned, shares are selling at a discount, only $8.17, but the average price target of $12 suggests a high upside growth potential of 46%. Combined with the dividend, this is a stock that income-minded investors should note closely. (See Braemar stock analysis at TipRanks)TriplePoint Venture Growth (TPVG)Next up is a management investment company, TriplePoint Venture. The company was formed to as the venture capital branch of TriplePoint Capital, and holds invests in a portfolio of venture growth stage target companies. TPVG focuses its efforts on tech and life sciences companies – in short, high-growth industries.After beating quarterly earnings forecasts consistently for 6 quarters in a row, TPVG hit a stumbling block in November when it missed the EPS and revenue estimates. The numbers were still positive, with EPS at 29 cents and revenue at $15.7 million, but were below the forecasts and down year-over-year. The stock took a 10% after the report, and has not yet recovered.TriplePoint had funds on hand to meet its dividend commitment, and paid out 36 cents in the quarter. The company has a long history of reliable dividend payments at this level, and even paid out a special, one-time dividend of 10 cents per share in December 2018. The regular payment annualizes to $1.44, with a yield of 10.4%. The payout ratio for Q3 was 125%, a sign of possible worry, but the long-term average is lower, at 87%. At that level, the dividend is easily sustainable.Investors will see if TVPG’s dividend payout ratio will return to historical average on March 4, when the company is expected to report 40 cents EPS for Q4. Meeting that estimate would represent a 37% sequential gain, and a boon for stockholders.JMP Securities analyst Christopher York reviewed this stock recently, and was impressed enough to initiate coverage with a Buy rating. Supporting that, he wrote, “As a leading provider of debt capital and equity co-investment solutions to a niche but rapidly growing commercial lending segment of venture-backed companies in the expansion or venture growth stage, we think TriplePoint is positioned favorably to prudently grow the investment portfolio to $750 million at low-to-mid-teens asset yields… while simultaneously managing credit risks and occasionally harvesting co-investments…”York gives this stock a $15.50 price target, suggesting an upside of 12%. (To watch York’s track record, click here)TPVG has the lowest average upside potential of the stocks on this list, with the $14.88 average price target representing just 7.5% growth potential from the current share price of $13.83. Remember, however, that this stock also has a dividend yield well above 10%. The combination of a steady upside and dividend five times higher than average should soothe any investor. The Moderate Buy consensus view is based on just two recent ratings, one Buy and one Hold. (See TriplePoint stock analysis at TipRanks)BG Staffing (BGSF)Last on today’s list is a recruitment company. Staffing is a profitable niche as the US labor market continues to tighten. January’s jobs numbers, with indications that the labor force participation rate is rising, provides a firm support for staffing agencies. BG recruits workers in the accounting, finance, information tech, light industry, and real estate fields.BG Staffing announced earlier this month that it completed the acquisition of competing agency EdgeRock – a tech-oriented consulting and staffing firm – in a deal worth $21.6 million. The move will allow BG to offer expanded solutions in the tech staffing sector.Of the stocks on this list, BGSF has the lowest dividend yield, at 6.23%. This is calculated from an annualized dividend of $1.20, paid out quarterly at 30 cents per share. BGSF has held the dividend at its current level for two years now; before this, it was paid out at 25 cents per quarter for three years. The reliability of the company’s payment – it has not missed a quarter in the last five years – is another attractive feature. The next payment is due on February 18.While BGSF is the low dividend in this list, its yield is still much higher than average, and it’s supported by strong earnings. The company has beaten estimates consistently in recent quarters, with the most recent report showing EPS at 52 cents and revenue at $79.4 million. These numbers were above forecasts, and up year-over-year. The EPS is high enough to maintain the dividend payment easily going forward, with a payout ratio of 77%. Looking ahead to Q4, analysts expect to see 33 cents EPS. While lower sequentially, this does fit BGSF’s pattern – Q4 earnings are typically lower than Q3.Roth Capital’s 5-star analyst Jeff Martin has been following BGSF, and recently reiterated his Buy rating on the stock. Supporting his bullish stance, he wrote, “We believe EdgeRock (which we understand grew more than 10% in FY19) brings growth potential for BGSF as well as management talent that can be leveraged across the Professional segment… EdgeRock generated $41mm revenue in FY19 and we believe it carries gross margins that will be accretive to the Professional segment margin of ~27%.”Martin gives this stock a $26 price target, suggesting an upside potential of 35%. (To watch Martin’s track record, click here)BG Staffing is a small company, with a market cap of just $198 million. Smaller companies typically pull less attention from Wall Street’s analyst corps, so it’s no surprising to see that Martin’s is the only recent review on BGSF. That’s unfortunate, because the numbers show that this stock offers investors a powerful combination of dividend yield and upside growth potential. Shares are priced affordably for the potential gains, at $19.25. (See BG Staffing stock analysis at TipRanks)

  • Business Wire

    TriplePoint Venture Growth BDC Corp. Closes Public Offering of Common Stock

    TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the "Company") today announced that it has completed an underwritten offering of 5,000,000 shares of its common stock at a public offering price of $14.08 per share, exclusive of underwriting discounts and commissions and offering expenses. The offering resulted in net proceeds to the Company, exclusive of offering expenses, of approximately $68.25 million. In connection with the offering, the Company has granted the underwriters an option to purchase up to an additional 750,000 shares of the Company’s common stock.

  • Business Wire

    TriplePoint Venture Growth BDC Corp. Prices Public Offering of Common Stock

    TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the "Company") today announced that it has priced an underwritten offering of 5,000,000 shares of its common stock resulting in net proceeds exclusive of offering expenses to the Company of approximately $68.25 million, or $13.65 per share. In connection with the offering, the Company has granted the underwriters for the offering an option to purchase up to an additional 750,000 shares of the Company’s common stock.

  • Business Wire

    TriplePoint Venture Growth BDC Corp. Announces Public Offering of Common Stock

    TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the "Company") today announced that it has commenced an underwritten offering of 5,000,000 shares of its common stock. In connection with the proposed offering, the Company intends to grant the underwriters for the offering an option to purchase up to an additional 750,000 shares of the Company’s common stock.

  • Business Wire

    TriplePoint Venture Growth BDC Corp. Announces Addition to Board of Directors

    TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the "Company," "TPVG," "we," "us," or "our"), the 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 that Cynthia M. Fornelli has been appointed to serve as a member of the Company’s Board of Directors, effective December 27, 2019. The Board now comprises six directors, four of whom are independent. Ms. Fornelli will also serve on each of the Board’s four standing committees: the Audit Committee, the Valuation Committee, the Compensation Committee and the Nominating and Corporate Governance Committee.

  • MoneyShow

    Invest like the "Super Rich"

    Study after study has shown that private-equity funds -- as well as venture capital and hedge funds -- have delivered some of the fattest returns on the planet.

  • Thomson Reuters StreetEvents

    Edited Transcript of TPVG earnings conference call or presentation 6-Nov-19 10:00pm GMT

    Q3 2019 Triplepoint Venture Growth BDC Corp Earnings Call

  • TriplePoint (TPVG) Stock Falls on Q3 Earnings Miss, Costs Up
    Zacks

    TriplePoint (TPVG) Stock Falls on Q3 Earnings Miss, Costs Up

    Fall in revenues and higher expenses hurt TriplePoint's (TPVG) third-quarter 2019 results.

  • TriplePoint Venture Growth (TPVG) Misses Q3 Earnings and Revenue Estimates
    Zacks

    TriplePoint Venture Growth (TPVG) Misses Q3 Earnings and Revenue Estimates

    TriplePoint Venture Growth (TPVG) delivered earnings and revenue surprises of -30.95% and -18.58%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Analysts Estimate TriplePoint Venture Growth (TPVG) to Report a Decline in Earnings: What to Look Out for
    Zacks

    Analysts Estimate TriplePoint Venture Growth (TPVG) to Report a Decline in Earnings: What to Look Out for

    TriplePoint Venture Growth (TPVG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Prospects Look Bleak for SBIC & Commercial Finance Industry
    Zacks

    Prospects Look Bleak for SBIC & Commercial Finance Industry

    Prospects Look Bleak for SBIC & Commercial Finance Industry

  • How to Retire on $500,000
    Kiplinger

    How to Retire on $500,000

    If you ask most financial advisers how to retire on a half-million dollars, they'll likely say it can't be done.Many financial advisers point to the "4% rule" (also the "Bengen rule") for tax-advantaged accounts such as 401(k)s and IRAs. The 4% rule says you can draw up to 4% of your nest egg's value in your first year of retirement, then add inflation to the prior year's total and withdraw that each subsequent year, for 30 years, without worrying your money will run out. William Bengen, who first proposed the rule in 1994, later updated that figure to 4.5%.The median personal income in the U.S. is $33,706 per year, as of 2018 data. Not including Social Security, you'd need about $750,000 in your retirement account(s) to hit that number, if you followed this rule. Depending on where you live, as well as the lifestyle you want to maintain, you'd probably need to start with more. That's why many advisers point even higher, stating figures between $1 million to $1.5 million as ideal retirement targets.Brent Weiss, head of planning at Facet Wealth in Baltimore, reminds us there is no one-size-fits-all retirement solution. "In retirement, we face a unique set of risks and many are unknowns," he says. "From inflation to healthcare costs to longevity, we need to have a plan for them today." Among those issues is that not every family has as much saved as they need. That's OK. If you're wondering how to retire on less than what the traditional wisdom says you need, you have a few options.These seven high-yield investments may allow you to retire well on a nest egg as small as $500,000. One other aspect of the 4% rule is that any dividends or bond interest you receive diminishes the amount you need to withdraw for your annual income. These seven investments should provide more across dividends and distributions* alone than the U.S. median personal income. SEE ALSO: 25 Stocks Every Retiree Should Own

  • Top Ranked Income Stocks to Buy for September 16th
    Zacks

    Top Ranked Income Stocks to Buy for September 16th

    Top Ranked Income Stocks to Buy for September 16th

  • Thomson Reuters StreetEvents

    Edited Transcript of TPVG earnings conference call or presentation 31-Jul-19 9:00pm GMT

    Q2 2019 Triplepoint Venture Growth BDC Corp Earnings Call

  • Retail Loan Growth, Solid Balance Sheet Aid Ally Financial
    Zacks

    Retail Loan Growth, Solid Balance Sheet Aid Ally Financial

    Ally Financial (ALLY) remains well poised for top-line improvement, supported by retail loan growth and strong originations.

  • 4 Reasons to Add Encore Capital (ECPG) Stock to Your Portfolio
    Zacks

    4 Reasons to Add Encore Capital (ECPG) Stock to Your Portfolio

    Encore Capital (ECPG) seems to be a solid bet now, driven by strong fundamentals and good growth prospects.

  • Capital One (COF) to Acquire KippsDeSanto, Enter M&A Market
    Zacks

    Capital One (COF) to Acquire KippsDeSanto, Enter M&A Market

    Capital One (COF) agrees to buy investment banking firm KippsDeSanto, thus making its entry into the M&A market.

  • Margin Pressure, High Costs to Hurt East West Bancorp (EWBC)
    Zacks

    Margin Pressure, High Costs to Hurt East West Bancorp (EWBC)

    While East West Bancorp (EWBC) is poised for revenue growth, supported by rise in loans; increasing costs, margin pressure and deteriorating asset quality remain concerns.

  • 4 Reasons to Buy Och-Ziff Capital Management (OZM) Stock Now
    Zacks

    4 Reasons to Buy Och-Ziff Capital Management (OZM) Stock Now

    Och-Ziff Capital Management (OZM) seems to be a solid bet now, driven by strong fundamentals and good growth prospects.

  • CIT Group (CIT) Ratings Affirmed by Moody's, Outlook Positive
    Zacks

    CIT Group (CIT) Ratings Affirmed by Moody's, Outlook Positive

    Moody's affirms CIT Group (CIT) and its subsidiary's ratings. Moreover, the company's outlook remains positive.