Tiptree Financial Inc. (NASDAQ:TIPT) Short Interest Update

Key Points

• Tiptree Financial Inc. experienced a 19.3% decline in short interest for August, with 176,600 shares short as of August 31st.
• Several hedge funds increased their positions in Tiptree Financial, with Vanguard Group leading by boosting its stake by 2.2% to over 1.29 million shares.
• The company announced a quarterly dividend of $0.06 per share, representing an annualized yield of 1.0% and a payout ratio of 19.05%.

Tiptree Financial Inc. (NASDAQ:TIPT - Get Free Report) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 176,600 shares, a decline of 19.3% from the August 15th total of 218,700 shares. Based on an average trading volume of 167,000 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.8% of the company's shares are sold short. Approximately 0.8% of the company's shares are sold short. Based on an average trading volume of 167,000 shares, the days-to-cover ratio is presently 1.1 days.

Tiptree Financial Price Performance

Shares of NASDAQ:TIPT remained flat at $23.59 during trading on Friday. 348,178 shares of the stock were exchanged, compared to its average volume of 161,360. The stock has a 50 day moving average of $22.37 and a 200-day moving average of $22.48. Tiptree Financial has a twelve month low of $18.25 and a twelve month high of $26.90. The firm has a market cap of $884.63 million, a P/E ratio of 18.72 and a beta of 1.23.

Tiptree Financial (NASDAQ:TIPT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter. Tiptree Financial had a net margin of 2.77% and a return on equity of 13.90%. The firm had revenue of $528.75 million for the quarter.

Tiptree Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Monday, August 18th were given a $0.06 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.0%. Tiptree Financial's payout ratio is presently 19.05%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. AlphaQuest LLC purchased a new stake in Tiptree Financial during the 2nd quarter valued at about $35,000. CWM LLC grew its stake in Tiptree Financial by 86.7% during the 1st quarter. CWM LLC now owns 1,535 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 713 shares during the last quarter. Group One Trading LLC grew its stake in Tiptree Financial by 192.8% during the 4th quarter. Group One Trading LLC now owns 1,856 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 3,856 shares during the last quarter. GAMMA Investing LLC grew its stake in Tiptree Financial by 10,791.3% during the 1st quarter. GAMMA Investing LLC now owns 2,505 shares of the financial services provider's stock valued at $60,000 after purchasing an additional 2,482 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Tiptree Financial during the 1st quarter valued at about $89,000. 37.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Tiptree Financial from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd.

About Tiptree Financial

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.