Short Interest in Tiptree Financial Inc. (NASDAQ:TIPT) Decreases By 19.3%

Tiptree Financial Inc. (NASDAQ:TIPT) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 176,600 shares, a decline of 19.3% from the August 15th total of 218,700 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily volume of 167,000 shares, the short-interest ratio is currently 1.1 days. Based on an average daily volume of 167,000 shares, the short-interest ratio is currently 1.1 days. Approximately 0.8% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Tiptree Financial from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd.

Tiptree Financial Stock Performance

Shares of NASDAQ:TIPT opened at $23.59 on Friday. The company has a market cap of $884.63 million, a price-to-earnings ratio of 18.72 and a beta of 1.23. The company has a 50-day moving average price of $22.37 and a 200-day moving average price of $22.48. Tiptree Financial has a 12 month low of $18.25 and a 12 month high of $26.90.

Tiptree Financial (NASDAQ:TIPT) last issued its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.52 EPS for the quarter. The firm had revenue of $528.75 million during the quarter. Tiptree Financial had a net margin of 2.77% and a return on equity of 13.90%.

Tiptree Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 18th were given a dividend of $0.06 per share. The ex-dividend date was Monday, August 18th. This represents a $0.24 annualized dividend and a dividend yield of 1.0%. Tiptree Financial’s payout ratio is currently 19.05%.

Hedge Funds Weigh In On Tiptree Financial

Several hedge funds and other institutional investors have recently modified their holdings of TIPT. AlphaQuest LLC purchased a new position in shares of Tiptree Financial during the second quarter valued at about $35,000. CWM LLC increased its position in shares of Tiptree Financial by 86.7% during the first quarter. CWM LLC now owns 1,535 shares of the financial services provider’s stock valued at $37,000 after buying an additional 713 shares during the period. Group One Trading LLC increased its position in shares of Tiptree Financial by 192.8% during the fourth quarter. Group One Trading LLC now owns 1,856 shares of the financial services provider’s stock valued at $39,000 after buying an additional 3,856 shares during the period. GAMMA Investing LLC increased its position in shares of Tiptree Financial by 10,791.3% during the first quarter. GAMMA Investing LLC now owns 2,505 shares of the financial services provider’s stock valued at $60,000 after buying an additional 2,482 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of Tiptree Financial during the first quarter valued at about $89,000. Hedge funds and other institutional investors own 37.78% of the company’s stock.

Tiptree Financial Company Profile

Tiptree Inc, through its subsidiaries, provides specialty insurance products and related services primarily in the United States. It operates through two segments: Insurance and Mortgage. The company offers niche; commercial lines insurance products, including professional liability, general liability, contractual liability protection, property and other short-tail, and alternative risks insurance products; and personal lines insurance products, such as credit protection surrounding loan payments.