Meixler Investment Management Ltd. Invests $569,000 in Tiptree Inc. (NASDAQ:TIPT)

Meixler Investment Management Ltd. bought a new position in Tiptree Inc. (NASDAQ:TIPT) during the 4th quarter, HoldingsChannel reports. The fund bought 27,281 shares of the financial services provider’s stock, valued at approximately $569,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TIPT. Copeland Capital Management LLC bought a new position in Tiptree during the third quarter valued at approximately $56,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Tiptree during the third quarter valued at approximately $85,000. FMR LLC lifted its position in 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 purchasing an additional 1,339 shares during the period. Quest Partners LLC bought a new position in Tiptree during the third quarter valued at approximately $149,000. Finally, The Manufacturers Life Insurance Company bought a new position in Tiptree during the second quarter valued at approximately $176,000. Institutional investors own 37.78% of the company’s stock.

Tiptree Price Performance

Shares of NASDAQ TIPT opened at $19.68 on Friday. The firm has a fifty day moving average price of $20.39 and a 200-day moving average price of $20.16. The stock has a market cap of $729.34 million, a PE ratio of 20.29 and a beta of 1.30. Tiptree Inc. has a 1 year low of $15.52 and a 1 year high of $24.09.

Tiptree Announces Dividend

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

Analyst Upgrades and Downgrades

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

Tiptree 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.