Short Interest in Tiptree Inc. (NASDAQ:TIPT) Decreases By 25.6%

Tiptree Inc. (NASDAQ:TIPT) was the recipient of a large drop in short interest in March. As of March 31st, there was short interest totalling 158,000 shares, a drop of 25.6% from the March 15th total of 212,400 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 146,900 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Trading of Tiptree

Several large investors have recently added to or reduced their stakes in the stock. FMR LLC raised its stake in Tiptree by 43.1% during the third quarter. FMR LLC now owns 4,449 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 1,339 shares during the period. State Street Corp raised its position in shares of Tiptree by 1.9% during the 3rd quarter. State Street Corp now owns 494,299 shares of the financial services provider’s stock valued at $9,673,000 after buying an additional 9,059 shares during the period. Barclays PLC lifted its holdings in Tiptree by 74.2% in the third quarter. Barclays PLC now owns 72,745 shares of the financial services provider’s stock valued at $1,424,000 after acquiring an additional 30,985 shares during the last quarter. Geode Capital Management LLC grew its position in Tiptree by 1.4% in the third quarter. Geode Capital Management LLC now owns 559,905 shares of the financial services provider’s stock worth $10,959,000 after acquiring an additional 7,974 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Tiptree by 55.9% in the third quarter. JPMorgan Chase & Co. now owns 79,202 shares of the financial services provider’s stock valued at $1,550,000 after purchasing an additional 28,400 shares during the period. 37.78% of the stock is currently owned by hedge funds and other institutional investors.

Tiptree Trading Down 0.9 %

NASDAQ:TIPT opened at $22.51 on Friday. The stock has a 50 day moving average of $22.20 and a two-hundred day moving average of $21.22. Tiptree has a 12 month low of $15.54 and a 12 month high of $26.90. The firm has a market cap of $838.70 million, a P/E ratio of 23.21 and a beta of 1.19.

Tiptree (NASDAQ:TIPT) last posted its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $0.67 EPS for the quarter. Tiptree had a return on equity of 11.50% and a net margin of 2.05%. The firm had revenue of $503.60 million during the quarter.

Tiptree Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Monday, March 10th. Tiptree’s dividend payout ratio is currently 18.60%.

About Tiptree

Tiptree Inc, through its subsidiaries, provides specialty insurance products and related services primarily in the United States. It operates through two segments: Insurance and Mortgage. The company offers niche; commercial lines insurance products, including professional liability, general liability, contractual liability protection, property and other short-tail, and alternative risks insurance products; and personal lines insurance products, such as credit protection surrounding loan payments.