Voleon Capital Management LP Acquires Shares of 20,871 Tiptree Inc. (NASDAQ:TIPT)

Voleon Capital Management LP acquired a new position in shares of Tiptree Inc. (NASDAQ:TIPT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 20,871 shares of the financial services provider's stock, valued at approximately $435,000. Voleon Capital Management LP owned about 0.06% of Tiptree as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new position in Tiptree in the 4th quarter valued at $83,000. Aquatic Capital Management LLC acquired a new stake in Tiptree in the 4th quarter worth about $85,000. Price T Rowe Associates Inc. MD purchased a new stake in Tiptree in the fourth quarter valued at approximately $200,000. Trexquant Investment LP increased its holdings in shares of Tiptree by 24.9% during the 4th quarter. Trexquant Investment LP now owns 13,221 shares of the financial services provider's stock worth $276,000 after buying an additional 2,635 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Tiptree by 31.9% in the 4th quarter. Wells Fargo & Company MN now owns 14,087 shares of the financial services provider's stock worth $294,000 after purchasing an additional 3,403 shares during the period. Institutional investors and hedge funds own 37.78% of the company's stock.

Tiptree Stock Performance

Shares of TIPT stock traded up $0.19 during trading hours on Wednesday, reaching $21.63. The company had a trading volume of 19,259 shares, compared to its average volume of 140,461. The company has a market capitalization of $805.91 million, a P/E ratio of 22.30 and a beta of 1.16. Tiptree Inc. has a twelve month low of $15.60 and a twelve month high of $26.90. The stock's fifty day simple moving average is $22.57 and its 200 day simple moving average is $21.39.

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

Tiptree Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 19th. Stockholders of record on Monday, May 12th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.24 annualized dividend and a dividend yield of 1.11%. Tiptree's dividend payout ratio is presently 20.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Tiptree from a "buy" rating to a "hold" rating in a research report on Monday.

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.