Tiptree Inc. (NASDAQ:TIPT) Short Interest Up 39.7% in March

Tiptree Inc. (NASDAQ:TIPT) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 212,400 shares, an increase of 39.7% from the February 28th total of 152,000 shares. Based on an average daily volume of 122,500 shares, the short-interest ratio is presently 1.7 days. Currently, 1.0% of the shares of the stock are short sold.

Tiptree Trading Down 2.1 %

Tiptree stock opened at $23.27 on Friday. The company has a market capitalization of $867.02 million, a PE ratio of 23.99 and a beta of 1.31. The stock has a 50-day moving average price of $21.48 and a two-hundred day moving average price of $20.90. Tiptree has a 12 month low of $15.52 and a 12 month high of $26.90.

Tiptree (NASDAQ:TIPT) last posted its earnings results on Wednesday, February 26th. The financial services provider reported $0.67 EPS for the quarter. Tiptree had a net margin of 2.05% and a return on equity of 11.50%. The business had revenue of $503.60 million for the quarter.

Tiptree Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a $0.06 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.24 dividend on an annualized basis and a yield of 1.03%. Tiptree’s payout ratio is 18.60%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TIPT. Group One Trading LLC raised its position in shares of Tiptree by 192.8% during the fourth quarter. Group One Trading LLC now owns 1,856 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 3,856 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Tiptree during the 4th quarter valued at approximately $83,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Tiptree during the 3rd quarter worth approximately $85,000. Aquatic Capital Management LLC acquired a new position in shares of Tiptree in the 4th quarter worth approximately $85,000. Finally, FMR LLC boosted its stake in shares of Tiptree by 43.1% in the 3rd quarter. FMR LLC now owns 4,449 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 1,339 shares during the last quarter. 37.78% of the stock is owned by institutional investors and hedge funds.

About Tiptree

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.