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Stock impact report

TriplePoint Venture Growth: Should You Be Worried About The Dividend In 2024? [Seeking Alpha]

Hercules Capital, Inc. (HTGC) 
Last hercules capital, inc. earnings: 2/20 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investor.htgc.com
Company Research Source: Seeking Alpha
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. The shares have revalued 12% lower after earnings, and investors shouldn't expect much in terms of valuation growth. TriplePoint Venture Growth ( NYSE: TPVG ) missed net investment income expectations only by $0.01 per share for the fourth-quarter, and the BDC's Q4 '23 NII was sufficient to support the $0.40 per share dividend. The BDC's shares slumped 12%, however, as the BDC also reported a large amount of realized investment losses and an 11% drop in its net asset value, causing new concerns about the dividend. Since the investment company reported high net investment income relative to its dividend, I believe the market is overreacting to the earnings release. However, I recognize that shares have more r Show less Read more
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