Tiptree Inc. (NASDAQ:TIPT) Sees Significant Increase in Short Interest

Tiptree Inc. (NASDAQ:TIPT - Get Free Report) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 222,400 shares, a growth of 40.8% from the March 31st total of 158,000 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average daily volume of 152,500 shares, the short-interest ratio is currently 1.5 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TIPT. CWM LLC lifted its stake in Tiptree by 86.7% during the first quarter. CWM LLC now owns 1,535 shares of the financial services provider's stock worth $37,000 after purchasing an additional 713 shares during the last quarter. Group One Trading LLC lifted its position in Tiptree by 192.8% in the 4th quarter. Group One Trading LLC now owns 1,856 shares of the financial services provider's stock worth $39,000 after buying an additional 3,856 shares during the last quarter. GAMMA Investing LLC boosted its stake in Tiptree by 10,791.3% in the first quarter. GAMMA Investing LLC now owns 2,505 shares of the financial services provider's stock worth $60,000 after buying an additional 2,482 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Tiptree during the fourth quarter valued at approximately $83,000. Finally, Aquatic Capital Management LLC purchased a new position in shares of Tiptree during the fourth quarter worth approximately $85,000. Hedge funds and other institutional investors own 37.78% of the company's stock.

Tiptree Price Performance

TIPT stock traded up $0.35 during mid-day trading on Friday, reaching $21.04. 103,962 shares of the company traded hands, compared to its average volume of 99,292. The company has a fifty day moving average price of $22.62 and a 200-day moving average price of $21.39. Tiptree has a 52-week low of $15.60 and a 52-week high of $26.90. The company has a market capitalization of $783.93 million, a P/E ratio of 21.69 and a beta of 1.19.

Tiptree (NASDAQ:TIPT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.49 EPS for the quarter. Tiptree had a net margin of 2.05% and a return on equity of 11.50%. The company had revenue of $497.43 million during the quarter.

Tiptree Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Monday, May 12th will be given a $0.06 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.14%. Tiptree's dividend payout ratio (DPR) is presently 20.00%.

Tiptree 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.