Scott Mckinney Purchases 2,600 Shares of Tiptree Financial (NASDAQ:TIPT) Stock

Tiptree Financial Inc. (NASDAQ:TIPT) CFO Scott Mckinney purchased 2,600 shares of the stock in a transaction on Wednesday, March 11th. The shares were acquired at an average cost of $16.15 per share, with a total value of $41,990.00. Following the transaction, the chief financial officer directly owned 2,768 shares in the company, valued at $44,703.20. The trade was a 1,547.62% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Tiptree Financial Stock Performance

TIPT stock traded up $0.37 on Friday, reaching $16.43. The company’s stock had a trading volume of 50,041 shares, compared to its average volume of 215,595. The business has a fifty day simple moving average of $17.33 and a two-hundred day simple moving average of $18.80. Tiptree Financial Inc. has a 12-month low of $15.85 and a 12-month high of $27.41. The firm has a market cap of $621.38 million, a PE ratio of 24.50 and a beta of 1.23.

Tiptree Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 16th will be issued a $0.06 dividend. The ex-dividend date is Monday, March 16th. This represents a $0.24 annualized dividend and a yield of 1.5%. Tiptree Financial’s dividend payout ratio (DPR) is 35.82%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Tiptree Financial in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Tiptree Financial currently has an average rating of “Hold”.

Institutional Trading of Tiptree Financial

Institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue bought a new stake in Tiptree Financial in the 3rd quarter worth approximately $35,000. Strs Ohio purchased a new stake in Tiptree Financial in the first quarter worth about $99,000. CWM LLC increased its holdings in Tiptree Financial by 171.8% in the 3rd quarter. CWM LLC now owns 4,200 shares of the financial services provider’s stock worth $81,000 after acquiring an additional 2,655 shares in the last quarter. AlphaQuest LLC increased its stake in shares of Tiptree Financial by 422.2% in the third quarter. AlphaQuest LLC now owns 7,676 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 6,206 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in Tiptree Financial during the fourth quarter valued at about $140,000. Hedge funds and other institutional investors own 37.78% of the company’s stock.

Tiptree Financial Company Profile

Tiptree Financial, Inc (NASDAQ: TIPT) is a specialty finance company that provides working capital solutions to small and medium-sized enterprises. Through its wholly owned subsidiary, Tiptree Finance LLC, the company focuses on asset-based lending, accounts receivable financing, and supply chain finance. Tiptree’s model is designed to help businesses manage cash flow, support growth initiatives, and optimize their balance sheets by unlocking liquidity tied up in receivables and inventory.

The company’s core services include invoice factoring and purchase order financing.