GSA Capital Partners LLP Raises Position in Tiptree Inc. (NASDAQ:TIPT)

GSA Capital Partners LLP boosted its stake in Tiptree Inc. (NASDAQ:TIPT) by 4.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 84,854 shares of the financial services provider’s stock after buying an additional 3,383 shares during the period. GSA Capital Partners LLP’s holdings in Tiptree were worth $1,661,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Tiptree by 1.6% during the first quarter. Vanguard Group Inc. now owns 1,154,954 shares of the financial services provider’s stock valued at $19,958,000 after purchasing an additional 17,660 shares during the last quarter. Hillsdale Investment Management Inc. lifted its holdings in shares of Tiptree by 8.5% during the first quarter. Hillsdale Investment Management Inc. now owns 226,577 shares of the financial services provider’s stock valued at $3,915,000 after purchasing an additional 17,700 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Tiptree by 58.7% during the second quarter. Millennium Management LLC now owns 205,416 shares of the financial services provider’s stock valued at $3,387,000 after purchasing an additional 75,943 shares during the last quarter. Kennedy Capital Management LLC lifted its holdings in shares of Tiptree by 538.6% during the first quarter. Kennedy Capital Management LLC now owns 156,356 shares of the financial services provider’s stock valued at $2,702,000 after purchasing an additional 131,871 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Tiptree by 11.6% during the second quarter. Bank of New York Mellon Corp now owns 114,595 shares of the financial services provider’s stock valued at $1,890,000 after purchasing an additional 11,901 shares during the last quarter. 37.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Tiptree from a “strong-buy” rating to a “buy” rating in a report on Friday, November 1st.

Tiptree Stock Down 1.0 %

Shares of TIPT opened at $21.80 on Wednesday. The company has a market capitalization of $807.82 million, a P/E ratio of 22.47 and a beta of 1.30. The firm has a 50 day moving average of $19.89 and a 200 day moving average of $18.39. Tiptree Inc. has a twelve month low of $14.96 and a twelve month high of $22.94.

Tiptree Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Monday, November 18th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Monday, November 18th. Tiptree’s dividend payout ratio (DPR) is currently 24.74%.

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.