Insider Selling: Tiptree Financial Inc. (TIPT) CFO Sells $18,570.00 in Stock
Tiptree Financial Inc. (NASDAQ:TIPT) CFO Sandra Bell sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $6.19, for a total value of $18,570.00. Following the completion of the sale, the chief financial officer now owns 56,208 shares in the company, valued at approximately $347,927.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Sandra Bell also recently made the following trade(s):
- On Friday, September 1st, Sandra Bell sold 3,000 shares of Tiptree Financial stock. The stock was sold at an average price of $6.34, for a total value of $19,020.00.
- On Tuesday, August 1st, Sandra Bell sold 3,000 shares of Tiptree Financial stock. The shares were sold at an average price of $6.85, for a total value of $20,550.00.
Tiptree Financial Inc. (NASDAQ:TIPT) traded down 1.50% during mid-day trading on Friday, hitting $6.55. The stock had a trading volume of 9,866 shares. The company’s 50 day moving average is $6.26 and its 200-day moving average is $6.66. The stock has a market capitalization of $190.19 million, a P/E ratio of 19.10 and a beta of -0.43. Tiptree Financial Inc. has a 52 week low of $5.53 and a 52 week high of $7.60.
TRADEMARK VIOLATION WARNING: This news story was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another website, it was copied illegally and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2017/10/06/insider-selling-tiptree-financial-inc-tipt-cfo-sells-18570-00-in-stock.html.
Several institutional investors and hedge funds have recently bought and sold shares of TIPT. Tricadia Capital Management LLC boosted its holdings in shares of Tiptree Financial by 32.5% in the 2nd quarter. Tricadia Capital Management LLC now owns 6,004,948 shares of the financial services provider’s stock worth $42,335,000 after purchasing an additional 1,472,400 shares in the last quarter. CWA Asset Management Group LLC purchased a new position in shares of Tiptree Financial in the 2nd quarter worth about $466,000. LSV Asset Management purchased a new position in shares of Tiptree Financial in the 2nd quarter worth about $322,000. ZPR Investment Management purchased a new position in shares of Tiptree Financial in the 2nd quarter worth about $162,000. Finally, State Street Corp boosted its holdings in shares of Tiptree Financial by 5.7% in the 2nd quarter. State Street Corp now owns 397,363 shares of the financial services provider’s stock worth $2,801,000 after purchasing an additional 21,556 shares in the last quarter. Hedge funds and other institutional investors own 45.08% of the company’s stock.
TIPT has been the topic of a number of research analyst reports. BidaskClub cut Tiptree Financial from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. TheStreet cut Tiptree Financial from a “c” rating to a “d+” rating in a research note on Friday, August 18th.
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.
Receive News & Stock Ratings for Tiptree Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tiptree Financial Inc. and related stocks with our FREE daily email newsletter.