Tiptree Inc. (NASDAQ:TIPT) Shares Sold by Caption Management LLC

Caption Management LLC trimmed its holdings in shares of Tiptree Inc. (NASDAQ:TIPT - Free Report) by 92.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,168 shares of the financial services provider's stock after selling 96,732 shares during the quarter. Caption Management LLC's holdings in Tiptree were worth $170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in TIPT. KLP Kapitalforvaltning AS acquired a new stake in Tiptree in the 4th quarter worth approximately $83,000. Aquatic Capital Management LLC purchased a new stake in shares of Tiptree during the fourth quarter valued at $85,000. Price T Rowe Associates Inc. MD purchased a new position in shares of Tiptree in the fourth quarter worth about $200,000. Trexquant Investment LP lifted its stake in Tiptree by 24.9% during the 4th quarter. Trexquant Investment LP now owns 13,221 shares of the financial services provider's stock valued at $276,000 after acquiring an additional 2,635 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of Tiptree by 31.9% in the fourth quarter. Wells Fargo & Company MN now owns 14,087 shares of the financial services provider's stock worth $294,000 after acquiring an additional 3,403 shares during the period. 37.78% of the stock is owned by institutional investors and hedge funds.

Tiptree Price Performance

TIPT traded down $0.01 on Friday, reaching $21.44. 74,701 shares of the company's stock were exchanged, compared to its average volume of 99,639. Tiptree Inc. has a twelve month low of $15.60 and a twelve month high of $26.90. The stock has a market cap of $798.83 million, a PE ratio of 22.10 and a beta of 1.16. The stock's fifty day moving average price is $22.49 and its 200-day moving average price is $21.42.

Tiptree (NASDAQ:TIPT - Get Free Report) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $0.49 EPS 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 business also recently announced a quarterly dividend, which will be paid on Monday, May 19th. Shareholders of record on Monday, May 12th will be paid a dividend of $0.06 per share. 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 dividend payout ratio (DPR) is presently 20.00%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Tiptree from a "buy" rating to a "hold" rating in a research note 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.