Steamboat Capital Partners LLC Has $3.32 Million Position in Tiptree Financial Inc. $TIPT

Key Points

• Steamboat Capital Partners cut its Tiptree Financial stake by 73.2% in the second quarter, selling 504,741 shares and retaining 185,259 shares worth approximately $3.32 million. Institutional investors collectively own 37.78% of the company.
• Tiptree shares opened at $17.97, down 2.8%, with a market capitalization of about $669.2 million. The stock has traded between $15.49 and $27.41 over the past year.
• The company declared a quarterly dividend of $0.06, equivalent to $0.24 annually and a 1.3% yield. Analysts maintain a consensus “Hold” rating, while recent research updates upgraded the stock from “Sell” or “Hold (C)” to more favorable hold assessments.

Steamboat Capital Partners LLC decreased its holdings in shares of Tiptree Financial Inc. (NASDAQ:TIPT - Free Report) by 73.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 185,259 shares of the financial services provider's stock after selling 504,741 shares during the period. Steamboat Capital Partners LLC owned about 0.50% of Tiptree Financial worth $3,320,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. SkyView Investment Advisors LLC increased its position in shares of 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 purchasing an additional 508 shares in the last quarter. Creative Planning increased its holdings in shares of Tiptree Financial by 6.0% during the third quarter. Creative Planning now owns 10,667 shares of the financial services provider's stock worth $204,000 after buying an additional 605 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Tiptree Financial by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,055 shares of the financial services provider's stock worth $363,000 after buying an additional 624 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Tiptree Financial by 8.3% in the 1st quarter. Royal Bank of Canada now owns 10,107 shares of the financial services provider's stock worth $243,000 after acquiring an additional 775 shares in the last quarter. 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 acquiring an additional 982 shares during the last quarter. 37.78% of the stock is currently owned by institutional investors.

Tiptree Financial Trading Down 2.8%

Tiptree Financial stock opened at $17.97 on Wednesday. The firm has a market capitalization of $669.20 million, a P/E ratio of 1.66 and a beta of 0.93. The business has a 50-day moving average of $18.09 and a 200-day moving average of $17.42. Tiptree Financial Inc. has a 1 year low of $15.49 and a 1 year high of $27.41.

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

Tiptree Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 17th were given a $0.06 dividend. The ex-dividend date was Monday, August 17th. This represents a $0.24 annualized dividend and a dividend yield of 1.3%. Tiptree Financial's payout ratio is currently 2.22%.

Analysts Set New Price Targets

Several brokerages have issued reports on TIPT. Weiss Ratings upgraded Tiptree Financial from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, August 24th. Wall Street Zen upgraded shares of Tiptree Financial from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of "Hold".

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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