Tiptree Inc (NASDAQ:TIPT) Insider Michael Gene Barnes Purchases 6,483 Shares

Tiptree Inc (NASDAQ:TIPT) insider Michael Gene Barnes purchased 6,483 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was acquired at an average cost of $6.20 per share, for a total transaction of $40,194.60. Following the completion of the purchase, the insider now owns 7,912,639 shares of the company’s stock, valued at approximately $49,058,361.80. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Michael Gene Barnes also recently made the following trade(s):

  • On Wednesday, June 5th, Michael Gene Barnes purchased 13,826 shares of Tiptree stock. The stock was acquired at an average cost of $6.18 per share, for a total transaction of $85,444.68.
  • On Friday, May 31st, Michael Gene Barnes purchased 10,625 shares of Tiptree stock. The stock was acquired at an average cost of $6.10 per share, for a total transaction of $64,812.50.
  • On Monday, June 3rd, Michael Gene Barnes purchased 21,464 shares of Tiptree stock. The stock was acquired at an average cost of $6.09 per share, for a total transaction of $130,715.76.
  • On Wednesday, May 29th, Michael Gene Barnes purchased 7,895 shares of Tiptree stock. The stock was acquired at an average cost of $6.16 per share, for a total transaction of $48,633.20.
  • On Friday, May 24th, Michael Gene Barnes purchased 12,941 shares of Tiptree stock. The stock was acquired at an average cost of $6.15 per share, for a total transaction of $79,587.15.
  • On Wednesday, May 22nd, Michael Gene Barnes purchased 14,452 shares of Tiptree stock. The stock was acquired at an average cost of $6.18 per share, for a total transaction of $89,313.36.
  • On Monday, May 20th, Michael Gene Barnes purchased 4,369 shares of Tiptree stock. The stock was acquired at an average cost of $6.14 per share, for a total transaction of $26,825.66.
  • On Thursday, May 16th, Michael Gene Barnes purchased 7,130 shares of Tiptree stock. The stock was acquired at an average cost of $6.14 per share, for a total transaction of $43,778.20.
  • On Friday, May 10th, Michael Gene Barnes purchased 4,123 shares of Tiptree stock. The stock was acquired at an average cost of $5.90 per share, for a total transaction of $24,325.70.
  • On Monday, May 13th, Michael Gene Barnes purchased 9,625 shares of Tiptree stock. The stock was acquired at an average cost of $5.91 per share, for a total transaction of $56,883.75.

NASDAQ:TIPT opened at $6.25 on Wednesday. Tiptree Inc has a twelve month low of $5.01 and a twelve month high of $7.10.



Tiptree (NASDAQ:TIPT) last released its quarterly earnings data on Monday, May 6th. The financial services provider reported $0.11 earnings per share (EPS) for the quarter. Tiptree had a net margin of 0.65% and a negative return on equity of 1.26%. The firm had revenue of $183.90 million during the quarter.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 27th. Investors of record on Monday, May 20th were given a dividend of $0.04 per share. This is a boost from Tiptree’s previous quarterly dividend of $0.04. This represents a $0.16 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend was Friday, May 17th.

Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA increased its position in Tiptree by 418.7% during the first quarter. BNP Paribas Arbitrage SA now owns 5,623 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 4,539 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Tiptree during the first quarter worth about $123,000. Rhumbline Advisers increased its position in Tiptree by 43.8% during the fourth quarter. Rhumbline Advisers now owns 38,537 shares of the financial services provider’s stock worth $215,000 after purchasing an additional 11,733 shares during the last quarter. Renaissance Technologies LLC increased its position in Tiptree by 15.3% during the first quarter. Renaissance Technologies LLC now owns 57,200 shares of the financial services provider’s stock worth $362,000 after purchasing an additional 7,600 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Tiptree by 5.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 60,714 shares of the financial services provider’s stock worth $385,000 after purchasing an additional 3,200 shares during the last quarter. Hedge funds and other institutional investors own 34.59% of the company’s stock.

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Tiptree Company Profile

Tiptree Inc, through its subsidiaries, underwrites and administers specialty insurance products primarily in the United States. The company provides credit protection insurance, warranty and service contract products, and niche commercial and consumer insurance programs, as well as offers value-add services, including premium finance and business processing services.

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Insider Buying and Selling by Quarter for Tiptree (NASDAQ:TIPT)

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