Alpine Woods Capital Investors LLC Sells 8,000 Shares of Tiptree Financial Inc. (TIPT)
Alpine Woods Capital Investors LLC lowered its stake in Tiptree Financial Inc. (NASDAQ:TIPT) by 34.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,000 shares of the financial services provider’s stock after selling 8,000 shares during the period. Alpine Woods Capital Investors LLC’s holdings in Tiptree Financial were worth $106,000 at the end of the most recent quarter.
Separately, Rhumbline Advisers boosted its stake in shares of Tiptree Financial by 3.3% in the second quarter. Rhumbline Advisers now owns 26,216 shares of the financial services provider’s stock valued at $185,000 after buying an additional 845 shares in the last quarter. 43.95% of the stock is currently owned by institutional investors and hedge funds.
Shares of Tiptree Financial Inc. (NASDAQ:TIPT) opened at 6.20 on Monday. The stock has a 50 day moving average price of $6.78 and a 200-day moving average price of $6.72. The company has a market capitalization of $180.03 million, a PE ratio of 18.08 and a beta of -0.42. Tiptree Financial Inc. has a 52 week low of $5.19 and a 52 week high of $7.60.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 28th. Stockholders of record on Monday, August 21st will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.94%. Tiptree Financial’s dividend payout ratio (DPR) is 37.50%.
Separately, BidaskClub cut Tiptree Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th.
In related news, CEO Jonathan Ilany acquired 17,550 shares of the stock in a transaction dated Monday, June 12th. The stock was bought at an average cost of $6.95 per share, for a total transaction of $121,972.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 28.99% of the stock is owned by company insiders.
Tiptree Financial Company Profile
Tiptree Inc, formerly Tiptree Financial Inc, is a diversified holding company that acquires and manages controlling interests of operating businesses. The Company conducts its operations through Tiptree Operating Company, LLC (the Operating Company). It operates through four segments: specialty insurance, asset management, senior living and specialty finance.
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