Tiptree Financial Inc. $TIPT Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd increased its holdings in Tiptree Financial Inc. (NASDAQ:TIPT) by 143.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 62,865 shares of the financial services provider’s stock after purchasing an additional 36,990 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Tiptree Financial were worth $1,064,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TIPT. Strs Ohio acquired a new stake in Tiptree Financial in the first quarter valued at approximately $99,000. State of Alaska Department of Revenue raised its stake in shares of Tiptree Financial by 230.0% during the 4th quarter. State of Alaska Department of Revenue now owns 6,102 shares of the financial services provider’s stock worth $110,000 after buying an additional 4,253 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Tiptree Financial during the 4th quarter worth approximately $140,000. SG Americas Securities LLC purchased a new position in shares of Tiptree Financial during the 4th quarter valued at approximately $154,000. Finally, Militia Capital Partners LP purchased a new position in shares of Tiptree Financial during the 3rd quarter valued at approximately $196,000. Hedge funds and other institutional investors own 37.78% of the company’s stock.

Wall Street Analyst Weigh In

TIPT has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Tiptree Financial from a “hold” rating to a “sell” rating in a research note on Saturday, March 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tiptree Financial in a report on Wednesday. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Tiptree Financial presently has an average rating of “Hold”.

Tiptree Financial Price Performance

Shares of NASDAQ:TIPT traded up $0.06 during trading on Friday, reaching $18.36. The stock had a trading volume of 168,875 shares, compared to its average volume of 246,511. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.26 and a current ratio of 4.26. The business has a fifty day moving average price of $17.53 and a 200-day moving average price of $17.33. The stock has a market cap of $689.79 million, a PE ratio of 20.86 and a beta of 0.93. Tiptree Financial Inc. has a 1-year low of $15.49 and a 1-year high of $27.41.

Tiptree Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 18th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, May 18th. Tiptree Financial’s payout ratio is 27.27%.

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.