Ieq Capital LLC acquired a new stake in shares of Tiptree Financial Inc. (NASDAQ:TIPT – Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 31,429 shares of the financial services provider’s stock, valued at approximately $563,000. Ieq Capital LLC owned approximately 0.08% of Tiptree Financial as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in the stock. Persistent Asset Partners Ltd acquired a new stake in shares of Tiptree Financial during the 2nd quarter valued at $49,000. State of Wyoming acquired a new position in shares of Tiptree Financial in the first quarter worth $61,000. Strs Ohio purchased a new stake in shares of Tiptree Financial during the first quarter worth $99,000. Los Angeles Capital Management LLC purchased a new stake in shares of Tiptree Financial during the fourth quarter worth $140,000. Finally, Militia Capital Partners LP acquired a new stake in Tiptree Financial during the third quarter valued at $196,000. Institutional investors and hedge funds own 37.78% of the company’s stock.
Tiptree Financial Price Performance
NASDAQ TIPT opened at $18.45 on Friday. Tiptree Financial Inc. has a fifty-two week low of $15.49 and a fifty-two week high of $27.41. The stock’s 50-day moving average is $17.98 and its two-hundred day moving average is $17.38. The firm has a market cap of $687.08 million, a P/E ratio of 1.71 and a beta of 0.93.
Tiptree Financial Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Monday, August 17th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.24 dividend on an annualized basis and a yield of 1.3%. Tiptree Financial’s dividend payout ratio is presently 2.22%.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on TIPT shares. Weiss Ratings raised Tiptree Financial from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Wall Street Zen upgraded Tiptree Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.
Check Out Our Latest Stock Report on Tiptree Financial
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.
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