Tiptree Financial Inc. Announces Quarterly Dividend of $0.06 (NASDAQ:TIPT)

Tiptree Financial Inc. (NASDAQ:TIPT) declared a quarterly dividend on Wednesday, July 29th. Stockholders of record on Monday, August 17th will be given a dividend of 0.06 per share by the financial services provider on Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, August 17th.

Tiptree Financial has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 2 years.

Tiptree Financial Trading Up 2.3%

Shares of TIPT stock traded up $0.41 on Wednesday, hitting $18.46. 308,938 shares of the stock traded hands, compared to its average volume of 250,146. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.26 and a current ratio of 4.26. Tiptree Financial has a twelve month low of $15.49 and a twelve month high of $27.41. The firm’s 50-day moving average price is $17.74 and its two-hundred day moving average price is $17.30. The stock has a market capitalization of $693.54 million, a PE ratio of 20.98 and a beta of 0.93.

Tiptree Financial (NASDAQ:TIPT) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $10.30 earnings per share (EPS) for the quarter. Tiptree Financial had a net margin of 2.36% and a return on equity of 5.01%. The firm had revenue of $3.92 million during the quarter.

Institutional Investors Weigh In On Tiptree Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its stake in shares of Tiptree Financial by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,149,373 shares of the financial services provider’s stock valued at $36,367,000 after purchasing an additional 35,954 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Tiptree Financial by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,351,702 shares of the financial services provider’s stock worth $25,912,000 after purchasing an additional 23,347 shares during the last quarter. Millennium Management LLC increased its position in shares of Tiptree Financial by 66.6% during the 4th quarter. Millennium Management LLC now owns 531,619 shares of the financial services provider’s stock worth $9,713,000 after purchasing an additional 212,430 shares during the last quarter. State Street Corp increased its position in shares of Tiptree Financial by 0.4% during the 4th quarter. State Street Corp now owns 530,632 shares of the financial services provider’s stock worth $9,695,000 after purchasing an additional 2,213 shares during the last quarter. Finally, Steamboat Capital Partners LLC raised its holdings in Tiptree Financial by 24.6% in the 4th quarter. Steamboat Capital Partners LLC now owns 493,854 shares of the financial services provider’s stock valued at $9,023,000 after buying an additional 97,474 shares during the period. Hedge funds and other institutional investors own 37.78% of the company’s stock.

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.