Tiptree Inc. (NASDAQ:TIPT) Sees Large Decrease in Short Interest

Tiptree Inc. (NASDAQ:TIPT) saw a large decrease in short interest in March. As of March 31st, there was short interest totalling 158,000 shares, a decrease of 25.6% from the March 15th total of 212,400 shares. Based on an average daily trading volume, of 146,900 shares, the short-interest ratio is presently 1.1 days. Currently, 0.7% of the company’s stock are sold short.

Institutional Trading of Tiptree

Several large investors have recently added to or reduced their stakes in TIPT. SG Americas Securities LLC lifted its holdings in shares of Tiptree by 21.3% during the first quarter. SG Americas Securities LLC now owns 18,781 shares of the financial services provider’s stock worth $452,000 after purchasing an additional 3,296 shares during the period. GAMMA Investing LLC lifted its stake in Tiptree by 10,791.3% during the 1st quarter. GAMMA Investing LLC now owns 2,505 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 2,482 shares during the period. Two Sigma Investments LP lifted its stake in Tiptree by 3.7% during the 4th quarter. Two Sigma Investments LP now owns 70,429 shares of the financial services provider’s stock valued at $1,469,000 after acquiring an additional 2,517 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of Tiptree by 6.2% in the 4th quarter. Nuveen Asset Management LLC now owns 207,973 shares of the financial services provider’s stock valued at $4,338,000 after acquiring an additional 12,160 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Tiptree by 4.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,431 shares of the financial services provider’s stock worth $301,000 after acquiring an additional 608 shares during the period. Hedge funds and other institutional investors own 37.78% of the company’s stock.

Tiptree Stock Performance

Tiptree stock opened at $22.51 on Monday. The stock has a market cap of $838.70 million, a PE ratio of 23.21 and a beta of 1.19. The stock has a 50-day moving average of $22.20 and a two-hundred day moving average of $21.24. Tiptree has a one year low of $15.60 and a one year high of $26.90.

Tiptree (NASDAQ:TIPT) last released 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 company had revenue of $503.60 million during the quarter.

Tiptree Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Monday, March 10th. Tiptree’s payout ratio is 18.60%.

Tiptree Company Profile

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.