Kennedy Capital Management LLC Boosts Stock Holdings in Tiptree Inc. (NASDAQ:TIPT)

Kennedy Capital Management LLC increased its position in shares of Tiptree Inc. (NASDAQ:TIPT - Free Report) by 55.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 273,014 shares of the financial services provider's stock after buying an additional 97,078 shares during the quarter. Kennedy Capital Management LLC owned about 0.74% of Tiptree worth $5,695,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of Tiptree in the fourth quarter valued at $642,000. Renaissance Technologies LLC acquired a new position in shares of Tiptree in the 4th quarter valued at $480,000. Invesco Ltd. raised its holdings in shares of Tiptree by 395.9% in the fourth quarter. Invesco Ltd. now owns 261,563 shares of the financial services provider's stock valued at $5,456,000 after buying an additional 208,814 shares during the last quarter. Wells Fargo & Company MN raised its stake in Tiptree by 31.9% during the 4th quarter. Wells Fargo & Company MN now owns 14,087 shares of the financial services provider's stock valued at $294,000 after acquiring an additional 3,403 shares during the last quarter. Finally, Trexquant Investment LP lifted its holdings in shares of Tiptree by 24.9% during the fourth quarter. Trexquant Investment LP now owns 13,221 shares of the financial services provider's stock worth $276,000 after purchasing an additional 2,635 shares during the period. Institutional investors and hedge funds own 37.78% of the company's stock.

Tiptree Trading Down 0.6 %

Shares of TIPT traded down $0.14 during mid-day trading on Thursday, hitting $22.59. The company's stock had a trading volume of 37,714 shares, compared to its average volume of 97,366. Tiptree Inc. has a 1-year low of $15.52 and a 1-year high of $26.90. The firm has a market capitalization of $841.49 million, a P/E ratio of 23.28 and a beta of 1.19. The firm has a 50-day simple moving average of $22.12 and a 200 day simple moving average of $21.17.

Tiptree (NASDAQ:TIPT - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $0.67 earnings per share for the quarter. The company had revenue of $503.60 million during the quarter. Tiptree had a return on equity of 11.50% and a net margin of 2.05%.

Tiptree Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a dividend of $0.06 per share. The ex-dividend date was Monday, March 10th. This represents a $0.24 annualized dividend and a yield of 1.06%. Tiptree's dividend payout ratio is presently 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.