Insider Selling: Tiptree Financial Inc. (TIPT) Major Shareholder Sells $6,150,000.00 in Stock
Tiptree Financial Inc. (NASDAQ:TIPT) major shareholder Securities Co Ltd Nomura sold 1,000,000 shares of the stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $6.15, for a total value of $6,150,000.00. Following the transaction, the insider now directly owns 2,273,701 shares in the company, valued at $13,983,261.15. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Tiptree Financial Inc. (NASDAQ:TIPT) opened at 5.92 on Tuesday. Tiptree Financial Inc. has a 12-month low of $4.74 and a 12-month high of $7.50. The stock’s 50 day moving average price is $5.38 and its 200 day moving average price is $5.50. The company has a market capitalization of $173.33 million, a PE ratio of 65.78 and a beta of -0.46.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 29th. Stockholders of record on Monday, August 22nd were issued a $0.025 dividend. The ex-dividend date was Thursday, August 18th. This represents a $0.10 annualized dividend and a dividend yield of 1.69%.
About Tiptree Financial
Tiptree Financial Inc is a diversified holding company that acquires and manages controlling interests of operating businesses. The Company conducts its operations through Tiptree Operating Company, LLC (the Operating Company). It has five segments: insurance and insurance services, specialty finance, real estate, asset management, and corporate and other.
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