Tower Research Capital LLC TRC Grows Stock Holdings in Tiptree Inc. (NASDAQ:TIPT)

Tower Research Capital LLC TRC raised its position in shares of Tiptree Inc. (NASDAQ:TIPT) by 272.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,126 shares of the financial services provider’s stock after buying an additional 1,555 shares during the period. Tower Research Capital LLC TRC’s holdings in Tiptree were worth $40,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cannell Capital LLC boosted its position in shares of Tiptree by 17.2% during the third quarter. Cannell Capital LLC now owns 884,084 shares of the financial services provider’s stock worth $14,817,000 after buying an additional 129,529 shares during the period. Swiss National Bank boosted its position in shares of Tiptree by 3.2% during the third quarter. Swiss National Bank now owns 48,523 shares of the financial services provider’s stock worth $813,000 after buying an additional 1,500 shares during the period. Hsbc Holdings PLC boosted its position in shares of Tiptree by 9.2% during the third quarter. Hsbc Holdings PLC now owns 18,927 shares of the financial services provider’s stock worth $319,000 after buying an additional 1,595 shares during the period. Raymond James & Associates boosted its position in shares of Tiptree by 25.3% during the third quarter. Raymond James & Associates now owns 75,100 shares of the financial services provider’s stock worth $1,259,000 after buying an additional 15,142 shares during the period. Finally, SG Americas Securities LLC boosted its position in shares of Tiptree by 34.5% during the fourth quarter. SG Americas Securities LLC now owns 11,829 shares of the financial services provider’s stock worth $224,000 after buying an additional 3,035 shares during the period. 37.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Tiptree

In related news, CEO Jonathan Ilany bought 2,900 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was purchased at an average cost of $16.95 per share, for a total transaction of $49,155.00. Following the completion of the acquisition, the chief executive officer now owns 190,471 shares in the company, valued at approximately $3,228,483.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 31.78% of the stock is currently owned by company insiders.

Tiptree Trading Up 2.2 %

NASDAQ:TIPT traded up $0.35 during midday trading on Thursday, reaching $16.47. The company had a trading volume of 129,830 shares, compared to its average volume of 114,553. The firm has a market capitalization of $605.44 million, a price-to-earnings ratio of 50.44 and a beta of 1.23. The stock’s fifty day simple moving average is $16.75 and its 200-day simple moving average is $17.56. Tiptree Inc. has a 12-month low of $12.12 and a 12-month high of $20.80.

Tiptree (NASDAQ:TIPT) last released its earnings results on Wednesday, May 1st. The financial services provider reported $0.44 earnings per share (EPS) for the quarter. The firm had revenue of $498.22 million during the quarter. Tiptree had a return on equity of 11.10% and a net margin of 0.85%.

Tiptree Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 11th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, March 8th. This is a positive change from Tiptree’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a yield of 1.46%. Tiptree’s dividend payout ratio (DPR) is 75.00%.

Tiptree 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.