Bridgeway Capital Management LLC Has $5.29 Million Stock Holdings in Tiptree Inc. (NASDAQ:TIPT)

Bridgeway Capital Management LLC decreased its position in shares of Tiptree Inc. (NASDAQ:TIPT - Free Report) by 12.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 253,413 shares of the financial services provider's stock after selling 36,481 shares during the period. Bridgeway Capital Management LLC owned about 0.68% of Tiptree worth $5,286,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TIPT. Barclays PLC raised its stake in Tiptree by 74.2% during the third quarter. Barclays PLC now owns 72,745 shares of the financial services provider's stock valued at $1,424,000 after buying an additional 30,985 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Tiptree by 55.9% during the third quarter. JPMorgan Chase & Co. now owns 79,202 shares of the financial services provider's stock valued at $1,550,000 after purchasing an additional 28,400 shares in the last quarter. Sanders Morris Harris LLC lifted its stake in shares of Tiptree by 66.7% in the 4th quarter. Sanders Morris Harris LLC now owns 25,000 shares of the financial services provider's stock worth $518,000 after acquiring an additional 10,000 shares during the period. SG Americas Securities LLC lifted its position in Tiptree by 23.5% in the fourth quarter. SG Americas Securities LLC now owns 15,485 shares of the financial services provider's stock worth $323,000 after purchasing an additional 2,944 shares during the period. Finally, Hodges Capital Management Inc. boosted its stake in Tiptree by 35.5% during the fourth quarter. Hodges Capital Management Inc. now owns 168,853 shares of the financial services provider's stock valued at $3,522,000 after buying an additional 44,269 shares in the last quarter. Institutional investors and hedge funds own 37.78% of the company's stock.

Tiptree Stock Down 0.0 %

Shares of TIPT stock traded down $0.01 during trading hours on Friday, reaching $21.44. 74,701 shares of the stock traded hands, compared to its average volume of 99,639. Tiptree Inc. has a 1-year low of $15.60 and a 1-year high of $26.90. The firm has a market capitalization of $798.83 million, a PE ratio of 22.10 and a beta of 1.16. The business has a fifty day moving average price of $22.49 and a 200 day moving average price of $21.42.

Tiptree (NASDAQ:TIPT - Get Free Report) last released its earnings results on Wednesday, April 30th. The financial services provider reported $0.49 earnings per share for the quarter. The company had revenue of $497.43 million for the quarter. Tiptree had a return on equity of 11.50% and a net margin of 2.05%.

Tiptree Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 19th. Shareholders of record on Monday, May 12th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Monday, May 12th. Tiptree's payout ratio is currently 20.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Tiptree from a "buy" rating to a "hold" rating in a report on Monday, May 5th.

Tiptree Company Profile

Tiptree Inc, through its subsidiaries, provides specialty insurance products and related services primarily in the United States. It operates through two segments: Insurance and Mortgage. The company offers niche; commercial lines insurance products, including professional liability, general liability, contractual liability protection, property and other short-tail, and alternative risks insurance products; and personal lines insurance products, such as credit protection surrounding loan payments.