Tiptree Inc (NASDAQ:TIPT) insider Michael Gene Barnes acquired 14,452 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were acquired at an average price of $6.18 per share, with a total value of $89,313.36. Following the acquisition, the insider now owns 7,831,256 shares in the company, valued at $48,397,162.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Michael Gene Barnes also recently made the following trade(s):

  • On Monday, May 20th, Michael Gene Barnes acquired 4,369 shares of Tiptree stock. The shares were acquired at an average price of $6.14 per share, with a total value of $26,825.66.
  • On Thursday, May 16th, Michael Gene Barnes acquired 7,130 shares of Tiptree stock. The shares were acquired at an average price of $6.14 per share, with a total value of $43,778.20.
  • On Friday, May 10th, Michael Gene Barnes acquired 4,123 shares of Tiptree stock. The shares were acquired at an average price of $5.90 per share, with a total value of $24,325.70.
  • On Monday, May 13th, Michael Gene Barnes acquired 9,625 shares of Tiptree stock. The shares were acquired at an average price of $5.91 per share, with a total value of $56,883.75.
  • On Friday, April 5th, Michael Gene Barnes bought 1,510 shares of Tiptree stock. The stock was purchased at an average price of $6.35 per share, with a total value of $9,588.50.
  • On Wednesday, April 3rd, Michael Gene Barnes bought 59,011 shares of Tiptree stock. The stock was purchased at an average price of $6.35 per share, with a total value of $374,719.85.
  • On Monday, April 1st, Michael Gene Barnes bought 46,720 shares of Tiptree stock. The stock was purchased at an average price of $6.35 per share, with a total value of $296,672.00.
  • On Friday, March 29th, Michael Gene Barnes bought 22,575 shares of Tiptree stock. The stock was purchased at an average price of $6.34 per share, with a total value of $143,125.50.
  • On Wednesday, March 27th, Michael Gene Barnes bought 88,826 shares of Tiptree stock. The stock was purchased at an average price of $6.29 per share, with a total value of $558,715.54.
  • On Monday, March 25th, Michael Gene Barnes bought 439 shares of Tiptree stock. The stock was purchased at an average price of $6.21 per share, with a total value of $2,726.19.

Shares of TIPT stock traded down $0.09 during mid-day trading on Thursday, hitting $6.13. The stock had a trading volume of 1,510 shares, compared to its average volume of 16,287. Tiptree Inc has a 12-month low of $5.01 and a 12-month high of $7.10.

Tiptree (NASDAQ:TIPT) last issued its earnings results on Wednesday, March 13th. The financial services provider reported ($0.25) earnings per share for the quarter. Tiptree had a negative return on equity of 1.26% and a net margin of 0.65%. The firm had revenue of $152.38 million during the quarter.

The company also recently announced a quarterly dividend, which will be paid on Monday, May 27th. Shareholders of record on Monday, May 20th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 2.61%. This is a boost from Tiptree’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Friday, May 17th.

Several hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Tiptree by 5.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 60,714 shares of the financial services provider’s stock worth $385,000 after buying an additional 3,200 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Tiptree by 15.3% in the 1st quarter. Renaissance Technologies LLC now owns 57,200 shares of the financial services provider’s stock worth $362,000 after buying an additional 7,600 shares during the period. TCW Group Inc. lifted its holdings in shares of Tiptree by 1.9% in the 1st quarter. TCW Group Inc. now owns 1,724,958 shares of the financial services provider’s stock worth $10,919,000 after buying an additional 31,659 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Tiptree by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,701,695 shares of the financial services provider’s stock worth $17,102,000 after buying an additional 27,744 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of Tiptree in the 1st quarter worth $123,000. Institutional investors and hedge funds own 36.82% of the company’s stock.

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Tiptree Company Profile

Tiptree Inc, through its subsidiaries, underwrites and administers specialty insurance products primarily in the United States. The company provides credit protection insurance, warranty and service contract products, and niche commercial and consumer insurance programs, as well as offers value-add services, including premium finance and business processing services.

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