Dividends4Life: This BDC is at a 45% Discount, 19% Yield, Insiders Buying, Analyst Upgrades

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

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