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TriplePoint Venture Growth Q3 net investment income falls, NAV per share declines

By Reuters News


Overview

  • US venture debt provider's Q3 net investment income fell year-over-year

  • Net asset value per share declined to $8.32 from $8.73 at prior year-end

  • Company declared Q4 regular distribution of $0.23 per share


Outlook

  • Company declared Q4 2026 regular distribution of $0.23 per share

  • Company to pay $0.06 per share supplemental distribution on December 30, 2026

  • Company's adviser to waive quarterly income incentive fee through end of fiscal 2027


Result Drivers

  • LOWER YIELDS - Co said lower investment yields, partly due to a lower Prime rate, reduced investment income in the qtr

  • HIGHER INTEREST EXPENSES - Co reported increased interest expense and higher operating costs in the qtr

  • REALIZED LOSSES - Co said realized losses were mainly due to the sale and write-off of investments in certain portfolio companies


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Asset Value

$339.92 mln

Q3 Net Asset Value Per Share

$8.32


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the investment management & fund operators peer group is "buy."

  • Wall Street's median 12-month price target for Triplepoint Venture Growth BDC Corp is $5.50, about 22.2% above its November 3 closing price of $4.50

  • The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 5 three months ago


Reuters Recommended Reads

  • Nov 2 - New Mountain Finance Q3 adjusted net investment income falls YoY

  • Nov 3 - SLR Investment Q3 investment income falls on smaller portfolio

  • Nov 3 - Sixth Street Specialty Lending Q3 adjusted EPS misses estimates


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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