Triplepoint Venture Growth BDC Corp (NYSE:TPVG) Position Cut by TCW Group Inc.

Share on StockTwits

TCW Group Inc. decreased its position in Triplepoint Venture Growth BDC Corp (NYSE:TPVG) by 18.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 25,441 shares of the investment management company’s stock after selling 5,800 shares during the period. TCW Group Inc.’s holdings in Triplepoint Venture Growth BDC were worth $350,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Macquarie Group Ltd. bought a new stake in Triplepoint Venture Growth BDC in the fourth quarter valued at $44,000. Great West Life Assurance Co. Can increased its stake in Triplepoint Venture Growth BDC by 13.3% in the fourth quarter. Great West Life Assurance Co. Can now owns 6,856 shares of the investment management company’s stock valued at $72,000 after purchasing an additional 806 shares in the last quarter. Deutsche Bank AG increased its stake in Triplepoint Venture Growth BDC by 31.8% in the fourth quarter. Deutsche Bank AG now owns 10,675 shares of the investment management company’s stock valued at $116,000 after purchasing an additional 2,575 shares in the last quarter. Wedbush Securities Inc. increased its stake in Triplepoint Venture Growth BDC by 18.9% in the first quarter. Wedbush Securities Inc. now owns 13,122 shares of the investment management company’s stock valued at $181,000 after purchasing an additional 2,087 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in Triplepoint Venture Growth BDC by 89.3% in the first quarter. Commonwealth Equity Services LLC now owns 20,882 shares of the investment management company’s stock valued at $287,000 after purchasing an additional 9,848 shares in the last quarter. Institutional investors and hedge funds own 31.00% of the company’s stock.

TPVG opened at $14.09 on Friday. Triplepoint Venture Growth BDC Corp has a 1-year low of $10.25 and a 1-year high of $14.61. The firm has a market capitalization of $349.15 million, a price-to-earnings ratio of 8.24, a P/E/G ratio of 2.89 and a beta of 1.13.

Triplepoint Venture Growth BDC (NYSE:TPVG) last posted its quarterly earnings results on Wednesday, May 1st. The investment management company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.03. The firm had revenue of $17.49 million during the quarter, compared to the consensus estimate of $17.35 million. Triplepoint Venture Growth BDC had a net margin of 57.09% and a return on equity of 12.50%. On average, equities research analysts predict that Triplepoint Venture Growth BDC Corp will post 1.61 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 10.22%. The ex-dividend date is Thursday, May 30th. Triplepoint Venture Growth BDC’s payout ratio is presently 84.21%.

Several equities research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Triplepoint Venture Growth BDC from a “buy” rating to a “hold” rating in a research note on Saturday, April 13th. Compass Point downgraded shares of Triplepoint Venture Growth BDC from a “buy” rating to a “neutral” rating and set a $14.50 price target for the company. in a research note on Monday, May 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Triplepoint Venture Growth BDC has a consensus rating of “Hold” and a consensus target price of $14.69.

TRADEMARK VIOLATION NOTICE: “Triplepoint Venture Growth BDC Corp (NYSE:TPVG) Position Cut by TCW Group Inc.” was originally reported by Equities Focus and is the sole property of of Equities Focus. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international copyright and trademark laws. The correct version of this report can be viewed at https://www.equitiesfocus.com/2019/06/14/triplepoint-venture-growth-bdc-corp-nysetpvg-position-cut-by-tcw-group-inc.html.

Triplepoint Venture Growth BDC Profile

TriplePoint Venture Growth BDC Corp is a business development company specializing investments in growth stage. It also provides debt financing to venture growth space companies which includes growth capital loans, equipment financings, revolving loans, and direct equity investments. The fund seeks to invest in e-commerce, entertainment, technology and life sciences sector.

Featured Article: Fiduciary

Want to see what other hedge funds are holding TPVG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Triplepoint Venture Growth BDC Corp (NYSE:TPVG).

Institutional Ownership by Quarter for Triplepoint Venture Growth BDC (NYSE:TPVG)

Receive News & Ratings for Triplepoint Venture Growth BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triplepoint Venture Growth BDC and related companies with MarketBeat.com's FREE daily email newsletter.