Tiptree Financial (NASDAQ:TIPT) Issues Earnings Results

Tiptree Financial (NASDAQ:TIPT) released its quarterly earnings results on Wednesday. The financial services provider reported $10.30 earnings per share for the quarter, FiscalAI reports. The business had revenue of $3.92 million for the quarter. Tiptree Financial had a net margin of 2.36% and a return on equity of 0.78%.

Tiptree Financial Price Performance

Tiptree Financial stock traded down $0.08 during mid-day trading on Friday, reaching $17.50. 7,810 shares of the company’s stock traded hands, compared to its average volume of 249,157. Tiptree Financial has a 12-month low of $15.49 and a 12-month high of $27.41. The company has a quick ratio of 4.26, a current ratio of 4.26 and a debt-to-equity ratio of 0.09. The stock has a 50 day moving average of $17.78 and a two-hundred day moving average of $17.30. The company has a market cap of $657.63 million, a price-to-earnings ratio of 1.61 and a beta of 0.93.

Tiptree Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Monday, August 17th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, August 17th. Tiptree Financial’s payout ratio is currently 27.27%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Corsair Capital Management L.P. purchased a new stake in Tiptree Financial during the first quarter valued at approximately $650,000. Gabelli Funds LLC raised its holdings in Tiptree Financial by 329.4% during the 1st quarter. Gabelli Funds LLC now owns 314,668 shares of the financial services provider’s stock valued at $5,324,000 after buying an additional 241,389 shares during the period. Gamco Investors INC. ET AL bought a new stake in Tiptree Financial in the first quarter worth $558,000. Arrowstreet Capital Limited Partnership lifted its position in Tiptree Financial by 175.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 273,061 shares of the financial services provider’s stock worth $4,620,000 after buying an additional 173,774 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in Tiptree Financial by 98.8% during the first quarter. Sei Investments Co. now owns 78,691 shares of the financial services provider’s stock worth $1,331,000 after buying an additional 39,114 shares during the period. Hedge funds and other institutional investors own 37.78% of the company’s stock.

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.