Cove Street Capital LLC Has $5.78 Million Stake in Tiptree Inc. (NASDAQ:TIPT)

Cove Street Capital LLC raised its position in shares of Tiptree Inc. (NASDAQ:TIPTFree Report) by 8.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 354,358 shares of the financial services provider’s stock after purchasing an additional 26,719 shares during the period. Tiptree makes up approximately 1.9% of Cove Street Capital LLC’s investment portfolio, making the stock its 19th biggest position. Cove Street Capital LLC owned 0.96% of Tiptree worth $5,776,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Strs Ohio increased its holdings in Tiptree by 8.6% in the second quarter. Strs Ohio now owns 12,600 shares of the financial services provider’s stock valued at $189,000 after purchasing an additional 1,000 shares during the period. Deutsche Bank AG increased its holdings in Tiptree by 11.2% in the fourth quarter. Deutsche Bank AG now owns 10,393 shares of the financial services provider’s stock valued at $144,000 after purchasing an additional 1,049 shares during the period. Tower Research Capital LLC TRC increased its holdings in Tiptree by 183.1% in the first quarter. Tower Research Capital LLC TRC now owns 1,704 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 1,102 shares during the period. Alliancebernstein L.P. increased its holdings in Tiptree by 9.1% in the fourth quarter. Alliancebernstein L.P. now owns 14,400 shares of the financial services provider’s stock valued at $199,000 after purchasing an additional 1,200 shares during the period. Finally, Credit Suisse AG boosted its position in Tiptree by 41.9% during the third quarter. Credit Suisse AG now owns 4,254 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 1,256 shares during the last quarter. 35.90% of the stock is currently owned by institutional investors and hedge funds.

Tiptree Stock Performance

Shares of TIPT stock remained flat at $16.79 on Monday. 127,058 shares of the stock were exchanged, compared to its average volume of 147,072. The stock has a market capitalization of $617.03 million, a P/E ratio of 88.37 and a beta of 1.23. The firm has a 50 day simple moving average of $18.90 and a 200-day simple moving average of $17.37. Tiptree Inc. has a one year low of $12.12 and a one year high of $20.80.

Analysts Set New Price Targets

TIPT has been the topic of a number of research analyst reports. TheStreet cut shares of Tiptree from a “b-” rating to a “c+” rating in a research report on Friday, December 29th. StockNews.com raised shares of Tiptree from a “hold” rating to a “buy” rating in a research report on Monday, November 27th.

Check Out Our Latest Report on TIPT

Insider Activity at Tiptree

In related news, General Counsel Neil Charles Rifkind sold 18,184 shares of the firm’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $19.54, for a total value of $355,315.36. Following the transaction, the general counsel now owns 16,641 shares of the company’s stock, valued at approximately $325,165.14. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 31.34% of the stock is owned by insiders.

Tiptree Profile

(Free Report)

Tiptree Inc, through its subsidiaries, provides specialty insurance products and related services primarily in the United States. The company operates in two segments, Insurance and Mortgage. It offers niche; commercial lines insurance products, including professional liability, contractual liability, energy, allied health, general liability, directors' and officers' liability, life sciences, inland marine, contractors' equipment, contractors' liability, student legal liability, hospitality, and business owner insurance products; and personal lines insurance products, such as storage unit contents, manufactured housing, GAP, auto, credit life and disability, and collateral insurance products.

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Institutional Ownership by Quarter for Tiptree (NASDAQ:TIPT)

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