TriplePoint Venture Growth: Is This 16% Yield A Red Flag?
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TriplePoint Venture Growth (TPVG) reported weaker-than-expected Q4 earnings due to high non-accruals, resulting in a 5.4% decline in net asset value. Despite this, TPVG's 16% yield is covered by net investment income, and the stock trades at a 16% discount to NAV.
March 10, 2025 | 4:30 am
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TriplePoint Venture Growth reported weaker-than-expected Q4 earnings due to high non-accruals, leading to a 5.4% decline in net asset value. Despite this, TPVG's 16% yield is covered by net investment income, and the stock trades at a 16% discount to NAV.
The weaker-than-expected earnings and decline in NAV are negative indicators, suggesting potential short-term price pressure. However, the yield coverage by net investment income provides some support, mitigating the negative impact.
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