Corsair Capital Management L.P. Acquires New Position in Tiptree Financial Inc. $TIPT

Corsair Capital Management L.P. acquired a new stake in Tiptree Financial Inc. (NASDAQ:TIPT) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 38,425 shares of the financial services provider’s stock, valued at approximately $650,000.

Other institutional investors have also recently bought and sold shares of the company. SkyView Investment Advisors LLC raised its position in shares of Tiptree Financial by 1.9% during the 2nd quarter. SkyView Investment Advisors LLC now owns 27,280 shares of the financial services provider’s stock valued at $669,000 after acquiring an additional 508 shares during the last quarter. Creative Planning lifted its stake in shares of Tiptree Financial by 6.0% in the 3rd quarter. Creative Planning now owns 10,667 shares of the financial services provider’s stock valued at $204,000 after purchasing an additional 605 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Tiptree Financial by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,055 shares of the financial services provider’s stock worth $363,000 after purchasing an additional 624 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Tiptree Financial by 8.3% in the 1st quarter. Royal Bank of Canada now owns 10,107 shares of the financial services provider’s stock worth $243,000 after purchasing an additional 775 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in shares of Tiptree Financial by 0.8% during the third quarter. Qube Research & Technologies Ltd now owns 125,921 shares of the financial services provider’s stock worth $2,414,000 after purchasing an additional 982 shares during the period. Institutional investors and hedge funds own 37.78% of the company’s stock.

Tiptree Financial Stock Performance

Shares of Tiptree Financial stock opened at $17.79 on Monday. The firm has a market cap of $668.37 million, a price-to-earnings ratio of 20.22 and a beta of 0.93. The stock’s 50-day moving average is $17.69 and its 200-day moving average is $17.29. Tiptree Financial Inc. has a one year low of $15.49 and a one year high of $27.41. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.26 and a quick ratio of 4.26.

Tiptree Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 18th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Monday, May 18th. Tiptree Financial’s dividend payout ratio (DPR) is currently 27.27%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Tiptree Financial in a report on Wednesday, July 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

About Tiptree Financial

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.