Arrowstreet Capital Limited Partnership Has $4.62 Million Stake in Tiptree Financial Inc. $TIPT

Key Points

• Arrowstreet Capital increased its Tiptree Financial stake by 175% in the first quarter, acquiring 173,774 additional shares for a total of 273,061 shares valued at $4.62 million. Institutional investors and hedge funds collectively own 37.78% of the company.
• Analyst sentiment remains cautious, with Tiptree holding a consensus “Hold” rating after Wall Street Zen upgraded the stock from “Sell” to “Hold.” TIPT opened at $17.67, well below its 52-week high of $27.41.
• Tiptree reported quarterly earnings of $10.30 per share and revenue of $3.92 million, while declaring a quarterly dividend of $0.06 per share. The dividend equates to $0.24 annually and a 1.4% yield.

Arrowstreet Capital Limited Partnership grew its position in Tiptree Financial Inc. (NASDAQ:TIPT - Free Report) by 175.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 273,061 shares of the financial services provider's stock after acquiring an additional 173,774 shares during the period. Arrowstreet Capital Limited Partnership owned 0.73% of Tiptree Financial worth $4,620,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Tudor Investment Corp ET AL raised its holdings in shares of Tiptree Financial by 221.0% in the third quarter. Tudor Investment Corp ET AL now owns 80,753 shares of the financial services provider's stock valued at $1,548,000 after buying an additional 55,599 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its position in Tiptree Financial by 143.0% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 62,865 shares of the financial services provider's stock worth $1,064,000 after buying an additional 36,990 shares in the last quarter. SkyView Investment Advisors LLC grew its holdings in Tiptree Financial by 1.9% during the 2nd quarter. SkyView Investment Advisors LLC now owns 27,280 shares of the financial services provider's stock worth $669,000 after acquiring an additional 508 shares during the last quarter. Man Group plc grew its holdings in Tiptree Financial by 129.0% during the 2nd quarter. Man Group plc now owns 80,400 shares of the financial services provider's stock worth $1,896,000 after acquiring an additional 45,289 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in Tiptree Financial by 40.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 76,695 shares of the financial services provider's stock valued at $1,808,000 after acquiring an additional 22,115 shares in the last quarter. 37.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on TIPT. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Tiptree Financial in a research note on Wednesday, July 8th. Wall Street Zen raised shares of Tiptree Financial from a "sell" rating to a "hold" rating in a report on Saturday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold".

Tiptree Financial Stock Performance

Shares of TIPT stock opened at $17.67 on Tuesday. Tiptree Financial Inc. has a 52-week low of $15.49 and a 52-week high of $27.41. The stock has a market cap of $663.86 million, a PE ratio of 1.63 and a beta of 0.93. The firm's 50 day moving average price is $17.80 and its two-hundred day moving average price is $17.30.

Tiptree Financial (NASDAQ:TIPT - Get Free Report) last released its earnings results on Wednesday, July 29th. The financial services provider reported $10.30 EPS for the quarter. The firm had revenue of $3.92 million during the quarter. Tiptree Financial had a net margin of 2.36% and a return on equity of 0.75%.

Tiptree Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Monday, August 17th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, August 17th. Tiptree Financial's dividend payout ratio (DPR) is currently 2.22%.

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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