Tiptree Financial (NASDAQ:TIPT) CFO Acquires $41,990.00 in Stock

Tiptree Financial Inc. (NASDAQ:TIPT) CFO Scott Mckinney acquired 2,600 shares of the stock in a transaction on Wednesday, March 11th. The shares were acquired at an average price of $16.15 per share, for a total transaction of $41,990.00. Following the acquisition, the chief financial officer owned 2,768 shares of the company’s stock, valued at approximately $44,703.20. The trade was a 1,547.62% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Tiptree Financial Trading Up 2.3%

NASDAQ TIPT traded up $0.37 during trading hours on Friday, hitting $16.43. The company’s stock had a trading volume of 50,041 shares, compared to its average volume of 215,595. Tiptree Financial Inc. has a 52 week low of $15.85 and a 52 week high of $27.41. The company’s 50-day simple moving average is $17.33 and its two-hundred day simple moving average is $18.80. The company has a market capitalization of $621.38 million, a PE ratio of 24.50 and a beta of 1.23.

Tiptree Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Monday, March 16th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, March 16th. Tiptree Financial’s dividend payout ratio (DPR) is presently 35.82%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued 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, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Tiptree Financial

A number of institutional investors and hedge funds have recently modified their holdings of the company. Heartland Advisors Inc. boosted its holdings in Tiptree Financial by 28.1% in the 3rd quarter. Heartland Advisors Inc. now owns 384,155 shares of the financial services provider’s stock valued at $7,364,000 after purchasing an additional 84,155 shares during the period. Kennedy Capital Management LLC increased its position in shares of Tiptree Financial by 15.0% during the 2nd quarter. Kennedy Capital Management LLC now owns 503,923 shares of the financial services provider’s stock valued at $11,883,000 after purchasing an additional 65,607 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Tiptree Financial by 7.2% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 73,770 shares of the financial services provider’s stock valued at $1,739,000 after acquiring an additional 4,943 shares during the last quarter. Corsair Capital Management L.P. bought a new position in shares of Tiptree Financial during the 2nd quarter valued at $354,000. Finally, Norges Bank purchased a new position in shares of Tiptree Financial in the second quarter worth about $1,766,000. 37.78% of the stock is owned by hedge funds and other 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.