Tiptree Inc. (NASDAQ:TIPT) Short Interest Update

Tiptree Inc. (NASDAQ:TIPT - Get Free Report) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totalling 158,000 shares, a decline of 25.6% from the March 15th total of 212,400 shares. Approximately 0.7% of the company's stock are short sold. Based on an average daily volume of 146,900 shares, the short-interest ratio is presently 1.1 days.

Institutional Trading of Tiptree

Several hedge funds have recently added to or reduced their stakes in TIPT. FMR LLC increased its position in shares of Tiptree by 43.1% in the 3rd quarter. FMR LLC now owns 4,449 shares of the financial services provider's stock valued at $87,000 after purchasing an additional 1,339 shares during the last quarter. State Street Corp raised its stake in Tiptree by 1.9% in the third quarter. State Street Corp now owns 494,299 shares of the financial services provider's stock valued at $9,673,000 after buying an additional 9,059 shares in the last quarter. Barclays PLC raised its stake in Tiptree by 74.2% in the third quarter. Barclays PLC now owns 72,745 shares of the financial services provider's stock valued at $1,424,000 after buying an additional 30,985 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Tiptree by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 559,905 shares of the financial services provider's stock worth $10,959,000 after buying an additional 7,974 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Tiptree by 55.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 79,202 shares of the financial services provider's stock worth $1,550,000 after acquiring an additional 28,400 shares in the last quarter. Institutional investors and hedge funds own 37.78% of the company's stock.

Tiptree Stock Up 0.4 %

Tiptree stock traded up $0.09 during mid-day trading on Thursday, reaching $22.41. 47,920 shares of the company's stock were exchanged, compared to its average volume of 97,402. Tiptree has a twelve month low of $15.60 and a twelve month high of $26.90. The company has a market cap of $834.90 million, a P/E ratio of 23.08 and a beta of 1.19. The company has a fifty day moving average of $22.33 and a 200-day moving average of $21.27.

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

Tiptree Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date was Monday, March 10th. 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.