() saw a notable decline in short interest during April. On April 30, there were 201,300 short shares. This is a decrease of 25,6% compared to the total of 270 600 shares on April 15. At the moment, 0.9% are short-sold. The short-interest rate is currently 2.2 days based on a daily average volume of 89.700 shares.
Analyst Upgrades and downgrades
During Friday's midday trading, the stock rose $0.60 to $13.00. The company's shares were traded at a volume of 391,922 compared to the average of 84,589. Tiptree's 52-week low is $9.90, and its 52-week high is $16.97. The company has a $477.62-million market capitalization, a P/E of -48.15, and a beta value of 1.10. The 50-day moving average of the business is $14.34, and its 200-day moving average is $14.38.
The last time ) announced its results was on March 8th. The financial services provider posted $0.35 per share in earnings for the first quarter. Tiptree reported a negative net profit margin of 0.58%, and a positive equity return of 9.93%. Revenue for the business was $369.53 millions during the quarter.
Tiptree Dividend announcement
A quarterly dividend was also announced by the firm, and will be paid out on May 30th. Dividends will be paid to stockholders who were in the record books on Monday, May 22, at $0.05 per share. Ex-dividend day is Friday, 19th May. This is a $0.20 dividend with a yield of 1.54 percent. Tiptree’s dividend payout rate (DPR), is -74.07%.
Insider Buying & Selling
In a deal that took place on Monday 13th March, 2,900 shares were purchased. Stock was bought at an average of $15 per share for a $43,500.00 transaction. The chief executive now owns approximately 2,789,565, or 185,971 company shares, after the completion of this purchase. Insiders hold 31.06% the stock of the company.
Inflows of Institutional Capital and Outflows
TIPT has recently seen several large investors increase or reduce their stakes. Tower Research Capital LLC TRC increased its holdings of Tiptree during the first quarter by 183.1%. Tower Research Capital LLC TRC owns 1,704 of the financial services providers stock, worth $25,000, after buying an additional 1,102 in the previous quarter. Credit Suisse AG acquired a new Tiptree position during the second quarter, valued at approximately $32,000. Dorsey Wright & Associates bought a new Tiptree position in the fourth-quarter valued at approximately $37,000. Acadian Asset Management LLC bought a new Tiptree position in the first quarter worth about $44,000. Cubist Systematic Strategies LLC also increased its Tiptree holdings by 252.0% during the second quarter. Cubist Systematic Strategies LLC owns now 5,924 shares worth $63,000 of the stock of the financial service provider after purchasing an additional 4,241 in the last quarter. Hedge funds and institutional investors own 33.59%.
Tiptree Company profile
Tiptree Inc. is a holding firm that provides investment management and specialty insurance services. It is organized into three segments: Mortgage, Insurance and Other. The Insurance segment provides specialty insurance products, warranty products and related administrative services.
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