Tiptree Inc. (NASDAQ:TIPT) Short Interest Up 24.2% in January

Tiptree Inc. (NASDAQ:TIPT - Get Free Report) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 155,000 shares, an increase of 24.2% from the December 31st total of 124,800 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 84,900 shares, the days-to-cover ratio is currently 1.8 days.

Tiptree Trading Up 1.0 %

Tiptree stock traded up $0.20 during midday trading on Wednesday, hitting $20.40. 6,096 shares of the stock were exchanged, compared to its average volume of 77,117. The stock's 50-day simple moving average is $20.77 and its 200 day simple moving average is $20.09. Tiptree has a fifty-two week low of $14.96 and a fifty-two week high of $24.09. The stock has a market capitalization of $755.76 million, a price-to-earnings ratio of 21.00 and a beta of 1.30.

Tiptree Announces Dividend

The company also recently declared a special dividend, which was paid on Thursday, December 19th. Stockholders of record on Wednesday, December 11th were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, December 11th. Tiptree's dividend payout ratio is currently 24.74%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Tiptree from a "strong-buy" rating to a "buy" rating in a report on Friday, November 1st.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Copeland Capital Management LLC purchased a new position in shares of Tiptree during the 3rd quarter worth $56,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Tiptree in the third quarter valued at about $85,000. FMR LLC boosted its stake in Tiptree by 43.1% during the third quarter. FMR LLC now owns 4,449 shares of the financial services provider's stock worth $87,000 after buying an additional 1,339 shares during the period. Quest Partners LLC purchased a new stake in shares of Tiptree in the 3rd quarter valued at approximately $149,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Tiptree in the 2nd quarter valued at $176,000. 37.78% of the stock is currently owned by institutional investors and hedge funds.

About Tiptree

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.