Tiptree Financial (NASDAQ:TIPT) CFO Acquires $41,990.00 in Stock

Tiptree Financial Inc. (NASDAQ:TIPT) CFO Scott Mckinney bought 2,600 shares of the business’s stock in a transaction dated Wednesday, March 11th. The shares were acquired at an average cost of $16.15 per share, with a total value of $41,990.00. Following the completion of the purchase, the chief financial officer owned 2,768 shares in the company, valued at approximately $44,703.20. This represents a 1,547.62% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Tiptree Financial Trading Up 1.2%

Shares of TIPT opened at $16.25 on Monday. The firm’s 50-day moving average is $17.30 and its two-hundred day moving average is $18.69. Tiptree Financial Inc. has a twelve month low of $15.85 and a twelve month high of $27.41. The company has a current ratio of 6.45, a quick ratio of 6.45 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $614.58 million, a P/E ratio of 24.25 and a beta of 1.23.

Tiptree Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Monday, March 16th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Monday, March 16th. Tiptree Financial’s dividend payout ratio is presently 35.82%.

Institutional Investors Weigh In On Tiptree Financial

Several large investors have recently made changes to their positions in TIPT. State of Alaska Department of Revenue purchased a new position in Tiptree Financial in the third quarter valued at about $35,000. CWM LLC lifted its stake in shares of Tiptree Financial by 171.8% during the third quarter. CWM LLC now owns 4,200 shares of the financial services provider’s stock worth $81,000 after purchasing an additional 2,655 shares in the last quarter. Strs Ohio purchased a new stake in shares of Tiptree Financial in the first quarter worth about $99,000. Los Angeles Capital Management LLC purchased a new stake in shares of Tiptree Financial in the fourth quarter worth about $140,000. Finally, AlphaQuest LLC grew its stake in shares of Tiptree Financial by 422.2% in the third quarter. AlphaQuest LLC now owns 7,676 shares of the financial services provider’s stock valued at $147,000 after buying an additional 6,206 shares in the last quarter. Institutional investors and hedge funds own 37.78% of the company’s stock.

Wall Street Analyst Weigh In

TIPT has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Tiptree Financial from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings reissued a “hold (c+)” rating on shares of Tiptree Financial in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Tiptree Financial Company Profile

Tiptree Financial, Inc (NASDAQ: TIPT) is a specialty finance company that provides working capital solutions to small and medium-sized enterprises. Through its wholly owned subsidiary, Tiptree Finance LLC, the company focuses on asset-based lending, accounts receivable financing, and supply chain finance. Tiptree’s model is designed to help businesses manage cash flow, support growth initiatives, and optimize their balance sheets by unlocking liquidity tied up in receivables and inventory.

The company’s core services include invoice factoring and purchase order financing.