Short Interest in Tiptree Inc. (NASDAQ:TIPT) Expands By 39.7%

Tiptree Inc. (NASDAQ:TIPT) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 212,400 shares, an increase of 39.7% from the February 28th total of 152,000 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average daily volume of 122,500 shares, the short-interest ratio is presently 1.7 days.

Tiptree Price Performance

TIPT opened at $23.89 on Tuesday. The firm has a market cap of $890.12 million, a PE ratio of 24.64 and a beta of 1.31. Tiptree has a 1 year low of $15.52 and a 1 year high of $26.90. The stock has a 50-day moving average price of $21.56 and a 200-day moving average price of $20.95.

Tiptree (NASDAQ:TIPT) last posted its earnings results on Wednesday, February 26th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter. The business had revenue of $503.60 million for the quarter. Tiptree had a net margin of 2.05% and a return on equity of 11.50%.

Tiptree Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Monday, March 10th. Tiptree’s payout ratio is presently 18.60%.

Institutional Investors Weigh In On Tiptree

Large investors have recently bought and sold shares of the business. Group One Trading LLC increased its stake in Tiptree by 192.8% in the fourth quarter. Group One Trading LLC now owns 1,856 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 3,856 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Tiptree in the 4th quarter worth about $83,000. Aquatic Capital Management LLC bought a new stake in Tiptree during the 4th quarter valued at about $85,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Tiptree in the 3rd quarter valued at about $85,000. Finally, FMR LLC increased its position in shares of Tiptree by 43.1% during the third quarter. FMR LLC now owns 4,449 shares of the financial services provider’s stock worth $87,000 after acquiring an additional 1,339 shares during the period. Institutional investors own 37.78% of the company’s stock.

About Tiptree

Tiptree Inc, through its subsidiaries, provides specialty insurance products and related services primarily in the United States. It operates through two segments: Insurance and Mortgage. The company offers niche; commercial lines insurance products, including professional liability, general liability, contractual liability protection, property and other short-tail, and alternative risks insurance products; and personal lines insurance products, such as credit protection surrounding loan payments.