Corsair Capital Management L.P. bought a new stake in Tiptree Financial Inc. (NASDAQ:TIPT – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 38,425 shares of the financial services provider’s stock, valued at approximately $650,000. Corsair Capital Management L.P. owned approximately 0.10% of Tiptree Financial as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in Tiptree Financial by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,149,373 shares of the financial services provider’s stock valued at $36,367,000 after purchasing an additional 35,954 shares during the last quarter. Vanguard Group Inc. grew its stake in Tiptree Financial by 1.8% during the third quarter. Vanguard Group Inc. now owns 1,351,702 shares of the financial services provider’s stock worth $25,912,000 after buying an additional 23,347 shares during the last quarter. Millennium Management LLC grew its stake in Tiptree Financial by 66.6% during the fourth quarter. Millennium Management LLC now owns 531,619 shares of the financial services provider’s stock worth $9,713,000 after buying an additional 212,430 shares during the last quarter. State Street Corp increased its holdings in shares of Tiptree Financial by 0.4% during the fourth quarter. State Street Corp now owns 530,632 shares of the financial services provider’s stock worth $9,695,000 after buying an additional 2,213 shares in the last quarter. Finally, Steamboat Capital Partners LLC increased its holdings in shares of Tiptree Financial by 24.6% during the fourth quarter. Steamboat Capital Partners LLC now owns 493,854 shares of the financial services provider’s stock worth $9,023,000 after buying an additional 97,474 shares in the last quarter. Institutional investors own 37.78% of the company’s stock.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Tiptree Financial in a research note on Wednesday, July 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.
Tiptree Financial Price Performance
Shares of TIPT opened at $17.79 on Monday. The business’s fifty day moving average price is $17.69 and its two-hundred day moving average price is $17.29. The firm has a market capitalization of $668.37 million, a price-to-earnings ratio of 20.22 and a beta of 0.93. Tiptree Financial Inc. has a 52 week low of $15.49 and a 52 week high of $27.41. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.26 and a current ratio of 4.26.
Tiptree Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 18th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, May 18th. Tiptree Financial’s dividend payout ratio (DPR) is presently 27.27%.
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.
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