Insider Selling: Tiptree Inc (NASDAQ:TIPT) CFO Sells 8,682 Shares of Stock

Share on StockTwits

Tiptree Inc (NASDAQ:TIPT) CFO Sandra Bell sold 8,682 shares of the stock in a transaction on Monday, September 17th. The shares were sold at an average price of $6.55, for a total value of $56,867.10. Following the completion of the transaction, the chief financial officer now directly owns 41,881 shares in the company, valued at approximately $274,320.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sandra Bell also recently made the following trade(s):

  • On Tuesday, September 4th, Sandra Bell sold 2,350 shares of Tiptree stock. The shares were sold at an average price of $6.45, for a total value of $15,157.50.
  • On Monday, July 2nd, Sandra Bell sold 2,350 shares of Tiptree stock. The shares were sold at an average price of $6.85, for a total value of $16,097.50.

NASDAQ TIPT traded up $0.05 during trading on Friday, hitting $5.91. 68,761 shares of the company’s stock traded hands, compared to its average volume of 52,461. Tiptree Inc has a 12-month low of $5.35 and a 12-month high of $7.24.

Tiptree (NASDAQ:TIPT) last posted its quarterly earnings results on Monday, August 6th. The financial services provider reported $0.02 earnings per share (EPS) for the quarter. Tiptree had a net margin of 5.08% and a negative return on equity of 4.57%. The business had revenue of $152.71 million during the quarter.

A number of hedge funds and other institutional investors have recently bought and sold shares of TIPT. Tricadia Capital Management LLC boosted its position in Tiptree by 68.9% during the second quarter. Tricadia Capital Management LLC now owns 10,261,752 shares of the financial services provider’s stock valued at $69,780,000 after buying an additional 4,186,804 shares during the period. BlackRock Inc. boosted its position in Tiptree by 16.0% during the second quarter. BlackRock Inc. now owns 1,389,423 shares of the financial services provider’s stock valued at $9,448,000 after buying an additional 191,608 shares during the period. TCW Group Inc. boosted its position in Tiptree by 15.3% during the second quarter. TCW Group Inc. now owns 1,067,797 shares of the financial services provider’s stock valued at $7,261,000 after buying an additional 141,400 shares during the period. Polar Asset Management Partners Inc. boosted its position in Tiptree by 23.9% during the first quarter. Polar Asset Management Partners Inc. now owns 477,028 shares of the financial services provider’s stock valued at $3,029,000 after buying an additional 92,028 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Tiptree by 3.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,529,086 shares of the financial services provider’s stock valued at $17,198,000 after buying an additional 80,044 shares during the period. Institutional investors and hedge funds own 64.14% of the company’s stock.

Separately, BidaskClub raised Tiptree from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 28th.

Tiptree Company Profile

Tiptree Inc, through its subsidiaries, underwrites and administers specialty insurance products primarily in the United States. It operates through three segments: Specialty Insurance, Asset Management, and Mortgage. The company provides credit protection insurance, warranty and service contract products, and insurance programs that underwrite niche personal and commercial lines of insurance, as well as offers value-add services, including premium finance and business processing services.

Read More: Outstanding Shares

Insider Buying and Selling by Quarter for Tiptree (NASDAQ:TIPT)

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

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.