Tiptree Inc. (NASDAQ:TIPT) Short Interest Down 33.5% in December

Tiptree Inc. (NASDAQ:TIPT) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 124,800 shares, a decrease of 33.5% from the December 15th total of 187,700 shares. Based on an average daily trading volume, of 80,700 shares, the short-interest ratio is currently 1.5 days. Currently, 0.6% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TIPT. Barclays PLC raised its holdings in shares of Tiptree by 74.2% in the 3rd quarter. Barclays PLC now owns 72,745 shares of the financial services provider’s stock worth $1,424,000 after buying an additional 30,985 shares in the last quarter. FMR LLC lifted its holdings in shares of Tiptree by 43.1% during the third quarter. FMR LLC now owns 4,449 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 1,339 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Tiptree by 166.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 183,552 shares of the financial services provider’s stock valued at $3,592,000 after purchasing an additional 114,568 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Tiptree in the 2nd quarter valued at $671,000. Finally, State Street Corp grew its holdings in shares of Tiptree by 1.9% in the 3rd quarter. State Street Corp now owns 494,299 shares of the financial services provider’s stock worth $9,673,000 after purchasing an additional 9,059 shares during the last quarter. Institutional investors own 37.78% of the company’s stock.

Tiptree Price Performance

Shares of TIPT traded up $0.03 on Thursday, reaching $20.06. 129,698 shares of the stock traded hands, compared to its average volume of 95,049. Tiptree has a 12 month low of $14.96 and a 12 month high of $24.09. The firm has a market cap of $743.24 million, a price-to-earnings ratio of 20.68 and a beta of 1.32. The stock’s 50-day moving average price is $21.23 and its 200-day moving average price is $19.76.

Tiptree Announces Dividend

The firm also recently announced a special dividend, which was paid on Thursday, December 19th. Investors of record on Wednesday, December 11th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. Tiptree’s payout ratio is currently 24.74%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Tiptree from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 1st.

Tiptree Company Profile

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.