128,157 Shares in Tiptree Financial Inc. $TIPT Purchased by Empowered Funds LLC

Empowered Funds LLC acquired a new stake in shares of Tiptree Financial Inc. (NASDAQ:TIPT) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 128,157 shares of the financial services provider’s stock, valued at approximately $2,297,000.

A number of other hedge funds also recently bought and sold shares of TIPT. Royal Bank of Canada boosted its holdings in shares of Tiptree Financial by 8.3% during the 1st quarter. Royal Bank of Canada now owns 10,107 shares of the financial services provider’s stock worth $243,000 after purchasing an additional 775 shares during the last quarter. AQR Capital Management LLC purchased a new stake in shares of Tiptree Financial in the first quarter valued at approximately $424,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Tiptree Financial by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,055 shares of the financial services provider’s stock valued at $363,000 after purchasing an additional 624 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Tiptree Financial by 43.3% in the first quarter. Millennium Management LLC now owns 167,964 shares of the financial services provider’s stock valued at $4,046,000 after purchasing an additional 50,738 shares during the last quarter. Finally, Strs Ohio purchased a new position in Tiptree Financial during the first quarter worth approximately $99,000. Institutional investors and hedge funds own 37.78% of the company’s stock.

Analyst Ratings Changes

TIPT has been the topic of a number of recent research reports. Weiss Ratings raised Tiptree Financial from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 24th. Wall Street Zen upgraded Tiptree Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Tiptree Financial Stock Performance

Shares of Tiptree Financial stock opened at $18.40 on Thursday. The stock has a 50 day moving average of $18.03 and a 200 day moving average of $17.40. The firm has a market capitalization of $685.22 million, a price-to-earnings ratio of 1.70 and a beta of 0.93. Tiptree Financial Inc. has a fifty-two week low of $15.49 and a fifty-two week high of $27.41.

Tiptree Financial (NASDAQ:TIPT) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $10.30 EPS for the quarter. Tiptree Financial had a return on equity of 0.75% and a net margin of 2.36%.The company had revenue of $3.92 million for the quarter.

Tiptree Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Monday, August 17th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, August 17th. Tiptree Financial’s dividend payout ratio is currently 2.22%.

Tiptree Financial 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.