Y Intercept Hong Kong Ltd Raises Holdings in Tiptree Financial Inc. $TIPT

Y Intercept Hong Kong Ltd grew its stake in shares of Tiptree Financial Inc. (NASDAQ:TIPT) by 143.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,865 shares of the financial services provider’s stock after acquiring an additional 36,990 shares during the quarter. Y Intercept Hong Kong Ltd owned about 0.17% of Tiptree Financial worth $1,064,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Strs Ohio acquired a new position in Tiptree Financial during the 1st quarter valued at approximately $99,000. State of Alaska Department of Revenue grew its holdings in shares of Tiptree Financial by 230.0% during the fourth quarter. State of Alaska Department of Revenue now owns 6,102 shares of the financial services provider’s stock valued at $110,000 after buying an additional 4,253 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Tiptree Financial in the 4th quarter valued at $140,000. SG Americas Securities LLC acquired a new position in shares of Tiptree Financial in the 4th quarter valued at $154,000. Finally, Militia Capital Partners LP purchased a new position in Tiptree Financial in the 3rd quarter worth $196,000. 37.78% of the stock is currently owned by institutional investors and hedge funds.

Tiptree Financial Stock Performance

NASDAQ:TIPT traded up $0.06 during mid-day trading on Friday, hitting $18.36. The company’s stock had a trading volume of 168,875 shares, compared to its average volume of 246,511. The business’s fifty day moving average is $17.53 and its two-hundred day moving average is $17.33. The stock has a market cap of $689.79 million, a price-to-earnings ratio of 20.86 and a beta of 0.93. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.26 and a quick ratio of 4.26. Tiptree Financial Inc. has a 1 year low of $15.49 and a 1 year high of $27.41.

Tiptree Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 18th were issued a $0.06 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.24 dividend on an annualized basis and a yield of 1.3%. Tiptree Financial’s payout ratio is presently 27.27%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Wall Street Zen cut Tiptree Financial from a “hold” rating to a “sell” rating in a research report on Saturday, March 14th. Weiss Ratings restated a “hold (c)” rating on shares of Tiptree Financial in a research note on Wednesday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

About Tiptree Financial

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.