Tiptree (TIPT) Reaches New 52-Week Low at $5.27

Tiptree Inc (NASDAQ:TIPT)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $5.27 and last traded at $5.35, with a volume of 5 shares traded. The stock had previously closed at $5.48.

Tiptree (NASDAQ:TIPT) last posted its quarterly earnings results on Monday, November 5th. The financial services provider reported ($0.02) EPS for the quarter. The business had revenue of $172.67 million during the quarter. Tiptree had a negative return on equity of 3.93% and a net margin of 5.41%.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 26th. Shareholders of record on Monday, November 19th were paid a $0.035 dividend. The ex-dividend date was Friday, November 16th. This represents a $0.14 annualized dividend and a dividend yield of 2.70%.

In other Tiptree news, CFO Sandra Bell sold 8,682 shares of the business’s 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 owns 41,881 shares in the company, valued at $274,320.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 23.68% of the company’s stock.

Large investors have recently bought and sold shares of the business. Tricadia Capital Management LLC lifted its position in shares of Tiptree by 68.9% during the 2nd quarter. Tricadia Capital Management LLC now owns 10,261,752 shares of the financial services provider’s stock worth $69,780,000 after purchasing an additional 4,186,804 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Tiptree by 4.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,629,168 shares of the financial services provider’s stock worth $17,221,000 after purchasing an additional 100,082 shares during the last quarter. TCW Group Inc. lifted its position in shares of Tiptree by 50.7% during the 3rd quarter. TCW Group Inc. now owns 1,609,199 shares of the financial services provider’s stock worth $10,540,000 after purchasing an additional 541,402 shares during the last quarter. BlackRock Inc. lifted its position in shares of Tiptree by 8.6% during the 3rd quarter. BlackRock Inc. now owns 1,508,745 shares of the financial services provider’s stock worth $9,882,000 after purchasing an additional 119,322 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Tiptree by 14.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,201,967 shares of the financial services provider’s stock worth $7,873,000 after purchasing an additional 154,226 shares during the last quarter. Institutional investors and hedge funds own 65.87% of the company’s stock.

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Tiptree Company Profile (NASDAQ:TIPT)

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.

Further Reading: SEC Filing

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