Gabelli Funds LLC Raises Stock Holdings in Tiptree Financial Inc. $TIPT

Gabelli Funds LLC grew its position in Tiptree Financial Inc. (NASDAQ:TIPT - Free Report) by 329.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 314,668 shares of the financial services provider's stock after acquiring an additional 241,389 shares during the quarter. Gabelli Funds LLC owned about 0.84% of Tiptree Financial worth $5,324,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. SkyView Investment Advisors LLC increased its holdings in shares of Tiptree Financial by 1.9% in the 2nd quarter. SkyView Investment Advisors LLC now owns 27,280 shares of the financial services provider's stock valued at $669,000 after acquiring an additional 508 shares during the period. Creative Planning raised its position in Tiptree Financial by 6.0% in the 3rd quarter. Creative Planning now owns 10,667 shares of the financial services provider's stock valued at $204,000 after purchasing an additional 605 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Tiptree Financial by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,055 shares of the financial services provider's stock worth $363,000 after purchasing an additional 624 shares during the period. Royal Bank of Canada boosted its stake in Tiptree Financial by 8.3% during the 1st quarter. Royal Bank of Canada now owns 10,107 shares of the financial services provider's stock worth $243,000 after purchasing an additional 775 shares during the period. Finally, Qube Research & Technologies Ltd grew its position in Tiptree Financial by 0.8% during the 3rd quarter. Qube Research & Technologies Ltd now owns 125,921 shares of the financial services provider's stock worth $2,414,000 after purchasing an additional 982 shares during the last quarter. 37.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a "hold (c)" rating on shares of Tiptree Financial in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Tiptree Financial currently has an average rating of "Hold".

Tiptree Financial Trading Up 1.5%

Shares of TIPT stock opened at $18.05 on Tuesday. The company has a market capitalization of $678.14 million, a P/E ratio of 20.51 and a beta of 0.93. The company has a current ratio of 4.26, a quick ratio of 4.26 and a debt-to-equity ratio of 0.09. The business's 50 day moving average is $17.71 and its two-hundred day moving average is $17.29. Tiptree Financial Inc. has a twelve month low of $15.49 and a twelve month high of $27.41.

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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