Tiptree Inc (NASDAQ:TIPT) Major Shareholder Buys $20,251.48 in Stock

Tiptree Inc (NASDAQ:TIPT) major shareholder Michael Gene Barnes bought 3,578 shares of the business’s stock in a transaction on Tuesday, March 24th. The shares were acquired at an average cost of $5.66 per share, for a total transaction of $20,251.48. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Friday, March 20th, Michael Gene Barnes acquired 1,259 shares of Tiptree stock. The stock was purchased at an average cost of $4.87 per share, for a total transaction of $6,131.33.
  • On Wednesday, March 18th, Michael Gene Barnes bought 2,518 shares of Tiptree stock. The shares were bought at an average cost of $4.51 per share, for a total transaction of $11,356.18.
  • On Monday, March 2nd, Michael Gene Barnes bought 2,948 shares of Tiptree stock. The shares were bought at an average cost of $6.71 per share, for a total transaction of $19,781.08.
  • On Tuesday, February 25th, Michael Gene Barnes acquired 2,943 shares of Tiptree stock. The shares were acquired at an average price of $6.85 per share, with a total value of $20,159.55.
  • On Thursday, February 27th, Michael Gene Barnes acquired 24,121 shares of Tiptree stock. The shares were acquired at an average price of $6.83 per share, with a total value of $164,746.43.
  • On Friday, January 31st, Michael Gene Barnes bought 3,403 shares of Tiptree stock. The stock was purchased at an average price of $6.99 per share, with a total value of $23,786.97.

Tiptree stock traded up $0.20 during mid-day trading on Wednesday, hitting $5.59. The company had a trading volume of 402 shares, compared to its average volume of 45,371. The stock has a market cap of $166.27 million, a price-to-earnings ratio of 11.28 and a beta of 0.11. Tiptree Inc has a 1 year low of $4.45 and a 1 year high of $8.30. The business has a fifty day moving average of $6.41 and a 200 day moving average of $7.27.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 23rd will be given a $0.04 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a $0.16 dividend on an annualized basis and a yield of 2.86%.

A number of large investors have recently bought and sold shares of TIPT. Barclays PLC lifted its holdings in Tiptree by 31.3% in the third quarter. Barclays PLC now owns 22,692 shares of the financial services provider’s stock valued at $165,000 after acquiring an additional 5,403 shares during the period. Mackay Shields LLC grew its holdings in Tiptree by 58.2% in the 4th quarter. Mackay Shields LLC now owns 57,358 shares of the financial services provider’s stock valued at $466,000 after buying an additional 21,100 shares during the period. Boston Partners purchased a new stake in Tiptree in the 4th quarter valued at about $2,182,000. Russell Investments Group Ltd. purchased a new stake in Tiptree in the 4th quarter valued at about $6,363,000. Finally, California Public Employees Retirement System grew its holdings in Tiptree by 16.9% in the 4th quarter. California Public Employees Retirement System now owns 32,503 shares of the financial services provider’s stock valued at $265,000 after buying an additional 4,703 shares during the period. Hedge funds and other institutional investors own 35.44% of the company’s stock.

A number of research firms have weighed in on TIPT. ValuEngine upgraded shares of Tiptree from a “sell” rating to a “hold” rating in a research report on Thursday, January 23rd. BidaskClub cut shares of Tiptree from a “hold” rating to a “sell” rating in a research report on Friday, January 24th.

About Tiptree

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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