Eaton Vance Floating-Rate Income Trust (NYSE: EFT) and TriplePoint Venture Growth BDC (NYSE:TPVG) are both small-cap financials companies, but which is the superior stock? We will contrast the two companies based on the strength of their profitability, analyst recommendations, earnings, dividends, risk, institutional ownership and valuation.
Institutional & Insider Ownership
33.8% of TriplePoint Venture Growth BDC shares are owned by institutional investors. 1.3% of TriplePoint Venture Growth BDC shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.
Eaton Vance Floating-Rate Income Trust has a beta of 0.39, indicating that its stock price is 61% less volatile than the S&P 500. Comparatively, TriplePoint Venture Growth BDC has a beta of 1.31, indicating that its stock price is 31% more volatile than the S&P 500.
This is a breakdown of recent recommendations for Eaton Vance Floating-Rate Income Trust and TriplePoint Venture Growth BDC, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Eaton Vance Floating-Rate Income Trust||0||0||0||0||N/A|
|TriplePoint Venture Growth BDC||0||1||1||0||2.50|
TriplePoint Venture Growth BDC has a consensus price target of $14.00, indicating a potential upside of 8.53%. Given TriplePoint Venture Growth BDC’s higher probable upside, analysts clearly believe TriplePoint Venture Growth BDC is more favorable than Eaton Vance Floating-Rate Income Trust.
TriplePoint Venture Growth BDC pays an annual dividend of $1.44 per share and has a dividend yield of 11.2%. Eaton Vance Floating-Rate Income Trust does not pay a dividend. TriplePoint Venture Growth BDC pays out 102.1% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.
This table compares Eaton Vance Floating-Rate Income Trust and TriplePoint Venture Growth BDC’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Eaton Vance Floating-Rate Income Trust||N/A||N/A||N/A|
|TriplePoint Venture Growth BDC||43.72%||12.05%||5.99%|
Earnings and Valuation
This table compares Eaton Vance Floating-Rate Income Trust and TriplePoint Venture Growth BDC’s revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|Eaton Vance Floating-Rate Income Trust||N/A||N/A||N/A||N/A||N/A|
|TriplePoint Venture Growth BDC||$43.63 million||5.24||$11.12 million||$1.41||9.15|
TriplePoint Venture Growth BDC has higher revenue and earnings than Eaton Vance Floating-Rate Income Trust.
TriplePoint Venture Growth BDC beats Eaton Vance Floating-Rate Income Trust on 10 of the 11 factors compared between the two stocks.
About Eaton Vance Floating-Rate Income Trust
Eaton Vance Floating-Rate Income Trust (the Trust) is a diversified, closed-end management investment company. The Trust’s investment objective is to provide a high level of current income. The Trust will, as a secondary objective, also seek preservation of capital to the extent consistent with its primary goal of high current income. Normally, the Trust invests approximately 80% of its total assets in senior loans of domestic and foreign borrowers that are denominated in the United States dollars, euros, British pounds, Swiss francs, Canadian dollars and Australian dollars. The Trust invests in a range of sectors, including healthcare, electronics/electrical, business equipment and services, retailers (except food and drug), chemicals and plastics, food products, oil and gas, lodging and casinos, insurance, and leisure goods/activities/movies. Eaton Vance Management is the investment advisor of the Trust.
About TriplePoint Venture Growth BDC
TriplePoint Venture Growth BDC Corp. is a closed-end, non-diversified management investment company. The Company’s investment objective is to maximize its total return to stockholders primarily in the form of current income and, to a lesser extent, capital appreciation by primarily lending with warrants to venture growth stage companies focused in technology, life sciences and other high growth industries, which are backed by TriplePoint Capital LLC’s (TPC) select group of venture capital investors. The Company targets investment opportunities in venture growth stage companies backed by venture capital investors. The Company originates and invests primarily in loans that have a secured collateral position and are used by venture growth stage companies to finance their continued expansion and growth, equipment financings and, on a select basis, revolving loans. The Company is managed by TPVG Advisers LLC.
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