Tiptree (TIPT) Receiving Somewhat Positive News Coverage, Study Finds
News headlines about Tiptree (NASDAQ:TIPT) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tiptree earned a news sentiment score of 0.04 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 46.1073738279403 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Tiptree (NASDAQ:TIPT) traded up $0.10 during trading hours on Thursday, hitting $6.25. 6,800 shares of the stock were exchanged, compared to its average volume of 9,918. Tiptree has a 52 week low of $5.70 and a 52 week high of $7.60. The company has a market capitalization of $232.80, a PE ratio of 312.50 and a beta of -0.40.
Tiptree (NASDAQ:TIPT) last posted its earnings results on Tuesday, November 7th. The financial services provider reported ($0.11) earnings per share (EPS) for the quarter. Tiptree had a net margin of 0.19% and a return on equity of 0.32%.
In other news, major shareholder Arif Inayatullah bought 70,000 shares of the business’s stock in a transaction dated Wednesday, November 21st. The stock was bought at an average price of $7.06 per share, for a total transaction of $494,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 35.53% of the company’s stock.
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Tiptree Inc, formerly Tiptree Financial Inc, is a diversified holding company that acquires and manages controlling interests of operating businesses. The Company conducts its operations through Tiptree Operating Company, LLC (the Operating Company). It operates through four segments: specialty insurance, asset management, senior living and specialty finance.
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