Gabelli Funds LLC increased its position in shares of Tiptree Financial Inc. (NASDAQ:TIPT – Free Report) by 329.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 314,668 shares of the financial services provider’s stock after purchasing an additional 241,389 shares during the period. Gabelli Funds LLC’s holdings in Tiptree Financial were worth $5,324,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL purchased a new stake in Tiptree Financial in the 1st quarter valued at approximately $558,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Tiptree Financial by 175.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 273,061 shares of the financial services provider’s stock worth $4,620,000 after buying an additional 173,774 shares in the last quarter. Sei Investments Co. raised its stake in shares of Tiptree Financial by 98.8% during the 1st quarter. Sei Investments Co. now owns 78,691 shares of the financial services provider’s stock worth $1,331,000 after buying an additional 39,114 shares in the last quarter. State of Wyoming acquired a new stake in shares of Tiptree Financial in the 1st quarter valued at approximately $61,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Tiptree Financial by 1.7% in 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 buying an additional 35,954 shares during the period. Institutional investors and hedge funds own 37.78% of the company’s stock.
Tiptree Financial Stock Performance
Shares of TIPT opened at $18.05 on Tuesday. The company has a quick ratio of 4.26, a current ratio of 4.26 and a debt-to-equity ratio of 0.09. Tiptree Financial Inc. has a 52-week low of $15.49 and a 52-week high of $27.41. The company has a 50-day simple moving average of $17.71 and a 200-day simple moving average of $17.29. The company has a market capitalization of $678.14 million, a PE ratio of 20.51 and a beta of 0.93.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on TIPT
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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