Sei Investments Co. Buys 39,114 Shares of Tiptree Financial Inc. $TIPT

Sei Investments Co. increased its stake in Tiptree Financial Inc. (NASDAQ:TIPT) by 98.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 78,691 shares of the financial services provider’s stock after purchasing an additional 39,114 shares during the quarter. Sei Investments Co. owned about 0.21% of Tiptree Financial worth $1,331,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. SkyView Investment Advisors LLC boosted its stake in Tiptree Financial by 1.9% in the 2nd quarter. SkyView Investment Advisors LLC now owns 27,280 shares of the financial services provider’s stock worth $669,000 after purchasing an additional 508 shares during the period. Creative Planning grew its holdings in Tiptree Financial by 6.0% during the 3rd quarter. Creative Planning now owns 10,667 shares of the financial services provider’s stock valued at $204,000 after buying an additional 605 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Tiptree Financial by 4.3% during 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 during the period. Royal Bank of Canada increased its position in shares of Tiptree Financial by 8.3% during the first quarter. Royal Bank of Canada now owns 10,107 shares of the financial services provider’s stock valued at $243,000 after buying an additional 775 shares during the period. Finally, Qube Research & Technologies Ltd increased its position 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 valued at $2,414,000 after buying an additional 982 shares during the period. 37.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of Tiptree Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tiptree Financial in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Tiptree Financial presently has a consensus rating of “Hold”.

Tiptree Financial Stock Down 0.2%

Tiptree Financial stock opened at $18.03 on Wednesday. The stock has a market cap of $671.44 million, a price-to-earnings ratio of 1.67 and a beta of 0.93. The business has a 50-day simple moving average of $17.83 and a 200 day simple moving average of $17.32. Tiptree Financial Inc. has a 52 week low of $15.49 and a 52 week high of $27.41.

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

Tiptree Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Monday, August 17th will be paid 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 is Monday, August 17th. 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.