Tiptree Financial (NASDAQ:TIPT – Get Free Report) announced its earnings results on Thursday. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $0.71 million during the quarter. Tiptree Financial had a return on equity of 8.79% and a net margin of 2.36%.
Tiptree Financial Stock Performance
Shares of TIPT traded up $0.14 during mid-day trading on Thursday, hitting $17.24. The company’s stock had a trading volume of 206,551 shares, compared to its average volume of 244,724. Tiptree Financial has a one year low of $15.49 and a one year high of $27.41. The company has a debt-to-equity ratio of 0.08, a quick ratio of 6.45 and a current ratio of 6.45. The firm has a market capitalization of $653.05 million, a PE ratio of 25.73 and a beta of 1.00. The stock’s 50-day moving average is $16.77 and its two-hundred day moving average is $17.57.
Tiptree Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Monday, March 16th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, March 16th. Tiptree Financial’s dividend payout ratio is currently 35.82%.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on TIPT
Insider Buying and Selling at Tiptree Financial
In other Tiptree Financial news, CFO Scott T. Mckinney acquired 2,600 shares of Tiptree Financial stock in a transaction dated Wednesday, March 11th. The stock was bought at an average cost of $16.15 per share, with a total value of $41,990.00. Following the completion of the transaction, the chief financial officer owned 2,768 shares of the company’s stock, valued at $44,703.20. The trade was a 1,547.62% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 31.91% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. State of Alaska Department of Revenue acquired a new position in Tiptree Financial during the third quarter worth $35,000. CWM LLC increased its stake in shares of Tiptree Financial by 171.8% in the third quarter. CWM LLC now owns 4,200 shares of the financial services provider’s stock valued at $81,000 after buying an additional 2,655 shares in the last quarter. Strs Ohio acquired a new stake in shares of Tiptree Financial in the first quarter valued at $99,000. Los Angeles Capital Management LLC acquired a new stake in shares of Tiptree Financial in the fourth quarter valued at $140,000. Finally, AlphaQuest LLC increased its stake in shares of Tiptree Financial by 422.2% in the third quarter. AlphaQuest LLC now owns 7,676 shares of the financial services provider’s stock valued at $147,000 after buying an additional 6,206 shares in the last quarter. 37.78% of the stock is currently owned by institutional investors and hedge funds.
Tiptree Financial Company Profile
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.
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