Tiptree Financial (NASDAQ:TIPT) CFO Buys $19,687.36 in Stock

Tiptree Financial Inc. (NASDAQ:TIPT) CFO Scott Mckinney purchased 1,232 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was bought at an average price of $15.98 per share, for a total transaction of $19,687.36. Following the purchase, the chief financial officer owned 4,000 shares in the company, valued at $63,920. The trade was a 44.51% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Tiptree Financial Stock Performance

NASDAQ:TIPT traded up $0.37 during mid-day trading on Friday, hitting $16.43. 50,041 shares of the stock were exchanged, compared to its average volume of 215,595. The stock has a market capitalization of $621.38 million, a price-to-earnings ratio of 24.52 and a beta of 1.23. The firm’s 50-day simple moving average is $17.33 and its 200 day simple moving average is $18.80. Tiptree Financial Inc. has a fifty-two week low of $15.85 and a fifty-two week high of $27.41.

Tiptree Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 16th will be paid a $0.06 dividend. The ex-dividend date is Monday, March 16th. This represents a $0.24 annualized dividend and a yield of 1.5%. Tiptree Financial’s payout ratio is 35.82%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tiptree Financial in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue bought a new stake in shares of Tiptree Financial during the third quarter worth $35,000. CWM LLC increased its holdings in shares of Tiptree Financial by 171.8% during the third quarter. CWM LLC now owns 4,200 shares of the financial services provider’s stock worth $81,000 after buying an additional 2,655 shares in the last quarter. Strs Ohio bought a new position in shares of Tiptree Financial in the 1st quarter valued at $99,000. Los Angeles Capital Management LLC acquired a new stake in shares of Tiptree Financial during the 4th quarter valued at $140,000. Finally, AlphaQuest LLC boosted its holdings in shares of Tiptree Financial by 422.2% during the 3rd quarter. AlphaQuest LLC now owns 7,676 shares of the financial services provider’s stock valued at $147,000 after acquiring an additional 6,206 shares in the last quarter. Institutional investors own 37.78% of the company’s stock.

Tiptree Financial Company Profile

Tiptree Financial, Inc (NASDAQ: TIPT) is a specialty finance company that provides working capital solutions to small and medium-sized enterprises. Through its wholly owned subsidiary, Tiptree Finance LLC, the company focuses on asset-based lending, accounts receivable financing, and supply chain finance. Tiptree’s model is designed to help businesses manage cash flow, support growth initiatives, and optimize their balance sheets by unlocking liquidity tied up in receivables and inventory.

The company’s core services include invoice factoring and purchase order financing.