Key Points
- CFO Scott Mckinney bought 1,232 shares of Tiptree Financial at an average $15.98 per share for $19,687.36, increasing his holding to 4,000 shares (a 44.51% rise).
- Quarterly dividend announced: $0.06 per share (annualized $0.24) with an ex-dividend date of March 16 and payment on March 23, implying a 1.5% yield.
- Market and analyst context: The stock has a consensus "Hold" rating (one recent downgrade to "Sell"), roughly 37.78% institutional ownership, and several hedge funds materially increased their positions in Q4.
Tiptree Financial Inc. (NASDAQ:TIPT - Get Free Report) CFO Scott Mckinney bought 1,232 shares of Tiptree Financial stock in a transaction on Thursday, March 12th. The shares were purchased at an average cost of $15.98 per share, for a total transaction of $19,687.36. Following the acquisition, the chief financial officer owned 4,000 shares in the company, valued at $63,920. The trade was a 44.51% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Tiptree Financial Trading Up 1.2%
Shares of TIPT opened at $16.25 on Friday. Tiptree Financial Inc. has a 52 week low of $15.85 and a 52 week high of $27.41. The firm has a market cap of $614.58 million, a price-to-earnings ratio of 24.25 and a beta of 1.23. The stock has a 50 day moving average of $17.30 and a 200-day moving average of $18.76.
Tiptree Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 16th will be issued 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 payout ratio is currently 35.82%.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the stock. Wall Street Zen cut shares of Tiptree Financial from a "hold" rating to a "sell" rating in a report on Saturday. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Tiptree Financial in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of "Hold".
Read Our Latest Analysis on TIPT
Institutional Trading of Tiptree Financial
Several hedge funds have recently bought and sold shares of TIPT. Mercer Global Advisors Inc. ADV boosted its stake in Tiptree Financial by 6.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 24,962 shares of the financial services provider's stock valued at $456,000 after purchasing an additional 1,520 shares during the period. Tudor Investment Corp ET AL grew its position in Tiptree Financial by 6.9% in the 4th quarter. Tudor Investment Corp ET AL now owns 86,289 shares of the financial services provider's stock worth $1,576,000 after purchasing an additional 5,536 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Tiptree Financial in the fourth quarter valued at approximately $464,000. Millennium Management LLC increased its stake in shares of Tiptree Financial by 66.6% in the fourth quarter. Millennium Management LLC now owns 531,619 shares of the financial services provider's stock valued at $9,713,000 after purchasing an additional 212,430 shares during the period. Finally, AQR Capital Management LLC raised its holdings in shares of Tiptree Financial by 93.3% during the fourth quarter. AQR Capital Management LLC now owns 215,231 shares of the financial services provider's stock valued at $3,932,000 after buying an additional 103,909 shares during the last quarter. 37.78% of the stock is currently owned by institutional investors.
About Tiptree Financial
(
Get Free Report)
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.
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