Short Interest in Tiptree Financial Inc. (NASDAQ:TIPT) Declines By 31.4%

Key Points

• Tiptree Financial Inc. experienced a significant decrease in short interest, falling 31.4% in July, with a current total of 180,300 shares sold short.
• Wall Street analysts upgraded Tiptree Financial from a "hold" to a "buy" rating, indicating a positive outlook on the company's stock performance.
• The company announced a quarterly dividend of $0.06, which equates to an annual yield of 1.1%, with the payment scheduled for August 25th.

Tiptree Financial Inc. (NASDAQ:TIPT - Get Free Report) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 180,300 shares, adropof31.4% from the July 15th total of 262,900 shares. Based on an average daily trading volume, of 164,500 shares, the short-interest ratio is presently 1.1 days. Approximately0.8% of the shares of the company are short sold. Approximately0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 164,500 shares, the short-interest ratio is presently 1.1 days.

Analyst Ratings Changes

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

Tiptree Financial Stock Performance

Shares of Tiptree Financial stock traded up $0.26 on Friday, reaching $23.50. 224,622 shares of the company were exchanged, compared to its average volume of 140,033. The company's 50-day moving average is $22.15 and its two-hundred day moving average is $22.09. The firm has a market cap of $881.25 million, a price-to-earnings ratio of 18.65 and a beta of 1.23. Tiptree Financial has a 1-year low of $18.25 and a 1-year high of $26.90.

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

Tiptree Financial Dividend Announcement

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

Institutional Trading of Tiptree Financial

A number of institutional investors and hedge funds have recently made changes to their positions in TIPT. Vanguard Group Inc. increased its position in Tiptree Financial by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 1,291,675 shares of the financial services provider's stock valued at $31,116,000 after acquiring an additional 28,373 shares during the period. Breach Inlet Capital Management LLC increased its position in Tiptree Financial by 10.9% in the 1st quarter. Breach Inlet Capital Management LLC now owns 788,909 shares of the financial services provider's stock valued at $19,005,000 after acquiring an additional 77,373 shares during the period. Geode Capital Management LLC increased its position in Tiptree Financial by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 581,461 shares of the financial services provider's stock valued at $13,713,000 after acquiring an additional 8,174 shares during the period. Kennedy Capital Management LLC increased its position in Tiptree Financial by 15.0% in the 2nd quarter. Kennedy Capital Management LLC now owns 503,923 shares of the financial services provider's stock valued at $11,883,000 after acquiring an additional 65,607 shares during the period. Finally, Invesco Ltd. increased its position in Tiptree Financial by 395.9% in the 4th quarter. Invesco Ltd. now owns 261,563 shares of the financial services provider's stock valued at $5,456,000 after acquiring an additional 208,814 shares during the period. 37.78% of the stock is currently owned by institutional investors and hedge funds.

Tiptree Financial 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.