Tiptree Financial Inc. (NASDAQ:TIPT) Short Interest Down 31.4% in July

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 significant decline in short interest in July. As of July 31st, there was short interest totaling 180,300 shares, adeclineof31.4% from the July 15th total of 262,900 shares. Approximately0.8% of the shares of the stock are short sold. Based on an average daily volume of 164,500 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily volume of 164,500 shares, the days-to-cover ratio is presently 1.1 days. Approximately0.8% of the shares of the stock are short sold.

Tiptree Financial Price Performance

Shares of TIPT traded down $0.49 on Monday, hitting $23.01. The company's stock had a trading volume of 98,096 shares, compared to its average volume of 147,595. The company has a market capitalization of $862.88 million, a PE ratio of 18.26 and a beta of 1.23. Tiptree Financial has a fifty-two week low of $18.25 and a fifty-two week high of $26.90. The company has a 50 day moving average price of $22.14 and a 200 day moving average price of $22.13.

Tiptree Financial (NASDAQ:TIPT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter. The firm 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 Announces Dividend

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 paid a $0.06 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.0%. Tiptree Financial's dividend payout ratio is 19.05%.

Analysts Set New Price Targets

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

Institutional Trading of Tiptree Financial

A number of large investors have recently made changes to their positions in TIPT. JPMorgan Chase & Co. increased its position in shares of Tiptree Financial by 76.5% in the 4th quarter. JPMorgan Chase & Co. now owns 139,797 shares of the financial services provider's stock valued at $2,916,000 after buying an additional 60,595 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Tiptree Financial by 31.9% in the 4th quarter. Wells Fargo & Company MN now owns 14,087 shares of the financial services provider's stock valued at $294,000 after buying an additional 3,403 shares in the last quarter. Invesco Ltd. increased its position in shares of 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 buying an additional 208,814 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Tiptree Financial in the 4th quarter valued at $480,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Tiptree Financial in the 4th quarter valued at $642,000. Institutional investors own 37.78% of the company's stock.

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.