31,429 Shares in Tiptree Financial Inc. $TIPT Bought by Ieq Capital LLC

Ieq Capital LLC bought a new position in shares of Tiptree Financial Inc. (NASDAQ:TIPT) in the second quarter, HoldingsChannel.com reports. The firm bought 31,429 shares of the financial services provider’s stock, valued at approximately $563,000.

A number of other hedge funds also recently bought and sold shares of the company. Persistent Asset Partners Ltd bought a new position in shares of Tiptree Financial in the second quarter worth about $49,000. State of Wyoming bought a new stake in Tiptree Financial during the 1st quarter valued at approximately $61,000. Strs Ohio bought a new stake in Tiptree Financial during the 1st quarter valued at approximately $99,000. Los Angeles Capital Management LLC acquired a new stake in Tiptree Financial in the 4th quarter valued at approximately $140,000. Finally, Militia Capital Partners LP acquired a new stake in Tiptree Financial in the 3rd quarter valued at approximately $196,000. 37.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TIPT. Weiss Ratings upgraded Tiptree Financial from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Wall Street Zen upgraded shares of Tiptree Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Tiptree Financial Stock Performance

Shares of TIPT opened at $18.45 on Friday. The company has a 50-day simple moving average of $17.98 and a 200-day simple moving average of $17.38. Tiptree Financial Inc. has a 52 week low of $15.49 and a 52 week high of $27.41. The firm has a market capitalization of $687.08 million, a P/E ratio of 1.71 and a beta of 0.93.

Tiptree Financial (NASDAQ:TIPT) last released its earnings results on Wednesday, July 29th. The financial services provider reported $10.30 earnings per share for the quarter. Tiptree Financial had a return on equity of 0.75% and a net margin of 2.36%.The business had revenue of $3.92 million for the quarter.

Tiptree Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Monday, August 17th were given a $0.06 dividend. The ex-dividend date was Monday, August 17th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.3%. Tiptree Financial’s dividend payout ratio (DPR) is currently 2.22%.

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.