Tiptree Financial (NASDAQ:TIPT) Posts Quarterly Earnings Results

Tiptree Financial (NASDAQ:TIPT) announced its quarterly earnings data on Wednesday. The financial services provider reported $10.30 EPS for the quarter, FiscalAI reports. Tiptree Financial had a return on equity of 5.01% and a net margin of 2.36%.The business had revenue of $3.92 million for the quarter.

Tiptree Financial Price Performance

Shares of Tiptree Financial stock opened at $18.46 on Thursday. The firm has a market cap of $693.54 million, a PE ratio of 20.98 and a beta of 0.93. The stock has a 50 day moving average of $17.77 and a 200 day moving average of $17.30. The company has a current ratio of 4.26, a quick ratio of 4.26 and a debt-to-equity ratio of 0.09. Tiptree Financial has a 12 month low of $15.49 and a 12 month high of $27.41.

Tiptree Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Monday, August 17th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.24 dividend on an annualized basis and a yield of 1.3%. Tiptree Financial’s dividend payout ratio is presently 27.27%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Tiptree Financial in a report on Wednesday, July 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. SkyView Investment Advisors LLC grew its holdings in shares of Tiptree Financial by 1.9% in the second quarter. SkyView Investment Advisors LLC now owns 27,280 shares of the financial services provider’s stock valued at $669,000 after purchasing an additional 508 shares in the last quarter. Creative Planning raised its stake in Tiptree Financial by 6.0% during the third quarter. Creative Planning now owns 10,667 shares of the financial services provider’s stock valued at $204,000 after purchasing an additional 605 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Tiptree Financial by 4.3% during 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. Royal Bank of Canada lifted its position in Tiptree Financial by 8.3% during the first quarter. Royal Bank of Canada now owns 10,107 shares of the financial services provider’s stock valued at $243,000 after purchasing an additional 775 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in shares of Tiptree Financial by 0.8% in the 3rd quarter. Qube Research & Technologies Ltd now owns 125,921 shares of the financial services provider’s stock worth $2,414,000 after buying an additional 982 shares in the last quarter. 37.78% of the stock is currently owned by institutional investors.

About Tiptree Financial

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.