Short Interest in Tiptree Inc. (NASDAQ:TIPT) Decreases By 33.5%

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

Hedge Funds Weigh In On Tiptree

Several large investors have recently made changes to their positions in the stock. Empowered Funds LLC lifted its holdings in shares of Tiptree by 5.1% in the 4th quarter. Empowered Funds LLC now owns 118,413 shares of the financial services provider’s stock worth $2,470,000 after acquiring an additional 5,719 shares during the last quarter. Tectonic Advisors LLC lifted its holdings in shares of Tiptree by 6.0% in the 4th quarter. Tectonic Advisors LLC now owns 29,158 shares of the financial services provider’s stock worth $608,000 after acquiring an additional 1,662 shares during the last quarter. Hodges Capital Management Inc. lifted its holdings in shares of Tiptree by 35.5% in the 4th quarter. Hodges Capital Management Inc. now owns 168,853 shares of the financial services provider’s stock worth $3,522,000 after acquiring an additional 44,269 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Tiptree by 23.5% during the 4th quarter. SG Americas Securities LLC now owns 15,485 shares of the financial services provider’s stock worth $323,000 after buying an additional 2,944 shares in the last quarter. Finally, Sanders Morris Harris LLC lifted its holdings in Tiptree by 66.7% during the 4th quarter. Sanders Morris Harris LLC now owns 25,000 shares of the financial services provider’s stock worth $518,000 after buying an additional 10,000 shares in the last quarter. 37.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Tiptree Price Performance

Tiptree stock opened at $20.53 on Wednesday. The firm has a 50 day simple moving average of $20.93 and a 200-day simple moving average of $20.01. Tiptree has a 1-year low of $14.96 and a 1-year high of $24.09. The stock has a market cap of $760.84 million, a price-to-earnings ratio of 21.16 and a beta of 1.32.

Tiptree (NASDAQ:TIPT) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.58 earnings per share for the quarter. Tiptree had a net margin of 2.05% and a return on equity of 11.50%. The business had revenue of $494.36 million during the quarter.

Tiptree Dividend Announcement

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

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.