Gamco Investors INC. ET AL Acquires New Position in Tiptree Financial Inc. $TIPT

Gamco Investors INC. ET AL acquired a new stake in shares of Tiptree Financial Inc. (NASDAQ:TIPT) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 33,000 shares of the financial services provider’s stock, valued at approximately $558,000. Gamco Investors INC. ET AL owned approximately 0.09% of Tiptree Financial at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of TIPT. Royal Bank of Canada increased its stake 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 valued at $243,000 after purchasing an additional 775 shares during the last quarter. AQR Capital Management LLC bought a new stake in shares of Tiptree Financial during the 1st quarter worth $424,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Tiptree Financial by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,055 shares of the financial services provider’s stock valued at $363,000 after buying an additional 624 shares in the last quarter. Millennium Management LLC boosted its stake in Tiptree Financial by 43.3% in the first quarter. Millennium Management LLC now owns 167,964 shares of the financial services provider’s stock valued at $4,046,000 after buying an additional 50,738 shares in the last quarter. Finally, Empowered Funds LLC grew its position in Tiptree Financial by 1.9% in the first quarter. Empowered Funds LLC now owns 120,640 shares of the financial services provider’s stock valued at $2,906,000 after acquiring an additional 2,227 shares during the last quarter. Institutional investors and hedge funds own 37.78% of the company’s stock.

Tiptree Financial Trading Up 2.3%

Shares of TIPT stock opened at $18.46 on Thursday. The firm has a market capitalization of $693.54 million, a P/E ratio of 20.98 and a beta of 0.93. Tiptree Financial Inc. has a twelve month low of $15.49 and a twelve month high of $27.41. The company has a quick ratio of 4.26, a current ratio of 4.26 and a debt-to-equity ratio of 0.09. The stock’s fifty day simple moving average is $17.77 and its 200 day simple moving average is $17.30.

Tiptree Financial (NASDAQ:TIPT) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $10.30 earnings per share (EPS) for the quarter. Tiptree Financial had a return on equity of 5.01% and a net margin of 2.36%.The business had revenue of $3.92 million during the quarter.

Tiptree Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Monday, August 17th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.24 annualized dividend and a dividend yield of 1.3%. Tiptree Financial’s dividend payout ratio is currently 27.27%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Tiptree Financial in a research note on Wednesday, July 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Tiptree Financial presently has an average rating of “Hold”.

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.