Gamco Investors INC. ET AL Invests $558,000 in Tiptree Financial Inc. $TIPT

Gamco Investors INC. ET AL acquired a new position in Tiptree Financial Inc. (NASDAQ:TIPT) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 33,000 shares of the financial services provider’s stock, valued at approximately $558,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Tudor Investment Corp ET AL lifted its holdings in Tiptree Financial by 221.0% during the 3rd quarter. Tudor Investment Corp ET AL now owns 80,753 shares of the financial services provider’s stock worth $1,548,000 after buying an additional 55,599 shares during the period. Y Intercept Hong Kong Ltd increased its stake in shares of Tiptree Financial by 143.0% in the first quarter. Y Intercept Hong Kong Ltd now owns 62,865 shares of the financial services provider’s stock valued at $1,064,000 after buying an additional 36,990 shares during the period. Hsbc Holdings PLC increased its stake in shares of Tiptree Financial by 38.2% in the first quarter. Hsbc Holdings PLC now owns 32,962 shares of the financial services provider’s stock valued at $560,000 after buying an additional 9,118 shares during the period. Bleakley Financial Group LLC increased its stake in shares of Tiptree Financial by 123.3% in the first quarter. Bleakley Financial Group LLC now owns 31,936 shares of the financial services provider’s stock valued at $540,000 after buying an additional 17,635 shares during the period. Finally, Counterpoint Mutual Funds LLC bought a new position in shares of Tiptree Financial during the first quarter worth about $300,000. 37.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tiptree Financial in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Tiptree Financial Price Performance

Shares of NASDAQ TIPT opened at $18.46 on Thursday. The company has a market capitalization of $693.54 million, a PE ratio of 20.98 and a beta of 0.93. The company has a quick ratio of 4.26, a current ratio of 4.26 and a debt-to-equity ratio of 0.09. Tiptree Financial Inc. has a twelve month low of $15.49 and a twelve month high of $27.41. The firm has a fifty day simple moving average of $17.77 and a 200 day simple moving average of $17.30.

Tiptree Financial (NASDAQ:TIPT) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $10.30 EPS for the quarter. Tiptree Financial had a net margin of 2.36% and a return on equity of 5.01%. The business had revenue of $3.92 million for the quarter.

Tiptree Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Monday, August 17th will be given a dividend of $0.06 per share. The ex-dividend date is Monday, August 17th. This represents a $0.24 annualized dividend and a dividend yield of 1.3%. Tiptree Financial’s dividend payout ratio is presently 27.27%.

About Tiptree Financial

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.