The 2020 market crash has pressured prices on most dividend-paying stocks and other income vehicles, and BDCs have been particularly punished. This BDC's price is -45% below its NAV/share. The market crash has pressured all BDCs' prices/share, but they've started to rebound the past week. This stock has received two analyst upgrades in March and April. Insiders bought more than 10,000 shares in March.
TriplePoint Venture Growth BDC (TPVG) is down -45% year to date, and that's after rallying 164% off of its 52-week lows. It jumped ~50% in the past week, but is still 57% below its 52-week high of over $17.00. The broader tracking ETN, the UBS ETRACS Wells Fargo Business Development Company ETN (BDCS), has had a similar but not as painful performance as TPVG in 2020, but hasn't rebounded quite as strongly yet. Both TPVG and BDCS have lagged far behind the Financial Select Sector SPDR ETF (XLF) and the S&P in 2020 and over the past year.
Source: Seeking Alpha
Related Articles:
- 5 Dividend Stocks Beating the S&P With Positive Returns In Excess of 50% YTD
- Income Annuities vs. Dividend Stocks
- 5 Tech Stocks With A History of Growing Their Dividends
- How To Manage Your Dividend Portfolio In A Downturn
- Where To Find Great Dividend Stocks
This BDC is at a 45% Discount, 19% Yield, Insiders Buying, Analyst Upgrades
Posted by D4L | Wednesday, May 06, 2020 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
In short, dividend-bearing stocks are one of the smartest approaches stock investors have available currently. The same is true in strong ec...
-
If your growth-investing days are over (or nearly so) and you're more interested in steady income, start your search with all-weather st...
-
Even in the current inflationary environment, where stocks across a wide variety of sectors are trading down, companies with a favorable his...
-
Finding cheap dividend stocks is critical for another reason. By the time the Federal Reserve meets for the second time in 2023, the central...
-
Investing in passive income can allow you to make money with minimal portfolio management. There are many types of investments to make passi...
-
Many companies make very predictable fixed dividend payments each quarter. When they do, their investors have a pretty good idea of how much...
-
As 2022 wraps up, many investors are likely looking for ways to position their portfolio for more macroeconomic uncertainty next year. After...
-
Linked here is a detailed quantitative analysis of Chevron Corporation (CVX). Below are some highlights from the above linked analysis: Comp...
-
Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) is crushing the market this year as value and dividend stocks have pulle...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.