TriplePoint Venture Growth BDC Corp. is part of the asset management industry and trades as part of the financial services sector. The company CEO is James P. Labe. TriplePoint Venture Growth BDC Corp is an externally managed, closed-end, non-diversified management investment company. It originates and invests in loans that have a secured collateral position and are used by venture growth stage companies.



Previous Intraday Performance:

The TPVG shares had a previous change of 0.22% which opened at 13.46 and closed at 13.48. It moved to an intraday high of 13.55 and a low of 13.40.

SeekingAlpha:  Strong Buy With 12% Yield With 30%+ Return Potential: TCG BDC

Historical Performance:

Over the last five trading days, TPVG shares returned 1.13% and in the past 30 trading days it returned 5.89%. Over three months, it changed 10.59%. In one year it has changed 29.36% and within that year its 52-week high was 13.95 and its 52-week low was 10.25. TPVG stock is 31.51% above its 52 Week Low.

Our calculations result in a 200 day moving average of 12.26 and a 50 day moving average of 12.62. Right now, TPVG stock is trading 9.99% above its 200 day moving average.

SeekingAlpha:  Strong Buy With 12% Yield With 30%+ Return Potential: TCG BDC

Liquidity:

The company has a market cap of $334.0m with 24.8m shares outstanding and a float of 24.4m shares. Trading volume was 237,539 shares and has experienced an average volume of 169,966 shares. Our calculation, using the current average volume and close price, leads me to believe that the liquidity is bad, highly speculative and an investor may want to avoid this stock.

Earnings:

The last annual reported EPS for TriplePoint Venture Growth BDC Corp. was 1.86 which ended on 31st of December 2018, which according to the previous close, that is a PE of 7.25. Based on 3 analyst estimates, the consensus EPS for the next quarter is 0.35. The trailing twelve month EPS is 1.71, which comes to a trailing twelve month PE of 7.88.

Below was the last reported quarterly earnings per share:
12-31-2018:  0.41
09-30-2018:  0.46
06-30-2018:  0.50
03-31-2018:  0.34

The dividend per share is currently 1.44, which is a dividend yield of 10.68%. TPVG stock may not have sufficient earnings to cover future dividends and still be able to invest in and grow the business, therefore in the future the dividend may be reduced.

Base on our calculations, the intrinsic value per share is 18.16, which means it might be undervalued and has a margin of safety of 25.77%



The next earnings report will be: 03-21-2019

The long-term trend of the EPS is an important number as it indicates the present value of TriplePoint Venture Growth BDC Corp.; the EPS growth rate, as it is typically called, is usually expressed as a percentage, which at this time is hard to estimate, but the year over year change has been 36.67%.

Indicators Also to Watch:

Based on the latest filings, there is 2.10% of insider ownership and 44.00% of institutional ownership. Short-interest was 78,042, which was 0.31% of shares outstanding. The short-interest ratio or days-to-cover ratio was 0.62. This stock has some short interest, but it might be normal and no need to worry if long the position.

I calculated the beta to be 1.23

SeekingAlpha:  Tracking Chase Coleman’s Tiger Global Portfolio – Q4 2018 Update

Fundamental Numbers:

Based on last reported financials, the company’s return on equity is 12.84%, return on assets is 7.48%, profit margin is 56.72%, price-to-sales is 5.17 and price-to-book is 1.00.

Company Score Card:

Results are out of six:
 2  : Growth Expectations Result
 2  : Financial Safety Result
 5  : Past Performance Result
 5  : Valuation Result
 4  : Dividend Safety Result
 3  : Overall Result

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Jake McWilliams
I am an independent trader, analyst and algorithmic trading expert, having worked both for the sell side (brokerage) and the buy side (fund administration). I have been trading professionally for about 20 years. I trade stocks and forex and I play both long and short positions in underlying asset or through options. I have experience with discretionary and fully automated systems (Metatrader and Quantshare).

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