CWA Asset Management Group LLC purchased a new stake in Tiptree Financial Inc. (NASDAQ:TIPT) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 66,083 shares of the financial services provider’s stock, valued at approximately $466,000. CWA Asset Management Group LLC owned about 0.22% of Tiptree Financial as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Rhumbline Advisers boosted its holdings in shares of Tiptree Financial by 3.3% in the 2nd quarter. Rhumbline Advisers now owns 26,216 shares of the financial services provider’s stock valued at $185,000 after purchasing an additional 845 shares during the last quarter. LSV Asset Management acquired a new position in shares of Tiptree Financial in the 2nd quarter valued at $322,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Tiptree Financial by 34.3% in the 2nd quarter. SG Americas Securities LLC now owns 74,331 shares of the financial services provider’s stock valued at $524,000 after purchasing an additional 18,979 shares during the last quarter. Institutional investors own 45.08% of the company’s stock.
A number of equities analysts have weighed in on TIPT shares. BidaskClub lowered shares of Tiptree Financial from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. TheStreet downgraded shares of Tiptree Financial from a “c” rating to a “d+” rating in a research note on Friday, August 18th.
Shares of Tiptree Financial Inc. (NASDAQ TIPT) traded down 1.65% during trading on Tuesday, hitting $5.95. 3,827 shares of the stock were exchanged. The stock’s 50 day moving average is $6.49 and its 200-day moving average is $6.71. Tiptree Financial Inc. has a 12-month low of $5.37 and a 12-month high of $7.60. The stock has a market cap of $172.77 million, a price-to-earnings ratio of 17.35 and a beta of -0.42.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 28th. Shareholders of record on Monday, August 21st were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.98%. The ex-dividend date was Thursday, August 17th. Tiptree Financial’s dividend payout ratio is 37.50%.
About Tiptree Financial
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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