News coverage about Tiptree Financial (NASDAQ:TIPT) has trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tiptree Financial earned a coverage optimism score of 0.04 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 45.7061677706628 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Tiptree Financial (NASDAQ TIPT) traded down 2.48% during midday trading on Tuesday, reaching $5.90. The company had a trading volume of 42,118 shares. Tiptree Financial has a 12-month low of $5.37 and a 12-month high of $7.60. The stock has a 50-day moving average price of $6.48 and a 200 day moving average price of $6.70. The company has a market capitalization of $171.32 million, a PE ratio of 17.20 and a beta of -0.42.
The business also recently announced a quarterly dividend, which was paid on Monday, August 28th. Shareholders of record on Monday, August 21st were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 2.03%. The ex-dividend date was Thursday, August 17th. Tiptree Financial’s payout ratio is presently 37.50%.
A number of research firms recently commented on TIPT. BidaskClub downgraded Tiptree Financial from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. TheStreet downgraded Tiptree Financial from a “c” rating to a “d+” rating in a report on Friday, August 18th.
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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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