Tiptree Financial Inc. (TIPT) CFO Sells $17,265.80 in Stock
Tiptree Financial Inc. (NASDAQ:TIPT) CFO Sandra Bell sold 2,620 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $6.59, for a total value of $17,265.80. Following the transaction, the chief financial officer now directly owns 50,157 shares in the company, valued at $330,534.63. 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 Wednesday, November 1st, Sandra Bell sold 3,000 shares of Tiptree Financial stock. The stock was sold at an average price of $6.60, for a total value of $19,800.00.
- On Monday, October 2nd, Sandra Bell sold 3,000 shares of Tiptree Financial stock. The stock was sold at an average price of $6.19, for a total value of $18,570.00.
Tiptree Financial Inc. (TIPT) remained flat at $$6.30 during trading on Thursday. The company had a trading volume of 16,900 shares, compared to its average volume of 25,147. The stock has a market capitalization of $242.27, a price-to-earnings ratio of 320.00 and a beta of -0.41. Tiptree Financial Inc. has a 12 month low of $5.70 and a 12 month high of $7.60.
Institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its position in Tiptree Financial by 67.6% during the 3rd quarter. Wells Fargo & Company MN now owns 25,044 shares of the financial services provider’s stock worth $156,000 after acquiring an additional 10,100 shares in the last quarter. ZPR Investment Management acquired a new position in Tiptree Financial during the 2nd quarter worth approximately $162,000. Rhumbline Advisers increased its holdings in Tiptree Financial by 3.3% during the 2nd quarter. Rhumbline Advisers now owns 26,216 shares of the financial services provider’s stock worth $185,000 after purchasing an additional 845 shares during the last quarter. LSV Asset Management purchased a new stake in Tiptree Financial during the 2nd quarter worth approximately $322,000. Finally, CWA Asset Management Group LLC purchased a new stake in Tiptree Financial during the 2nd quarter worth approximately $466,000. 51.59% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently commented on the company. BidaskClub lowered Tiptree Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. TheStreet lowered Tiptree Financial from a “c” rating to a “d+” rating in a research report on Friday, August 18th.
COPYRIGHT VIOLATION WARNING: This article was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another domain, it was copied illegally and reposted in violation of international copyright and trademark law. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/12/07/tiptree-financial-inc-tipt-cfo-sells-17265-80-in-stock.html.
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.