Raffles Associates LP Buys New Holdings in Tiptree Financial Inc. $TIPT

Raffles Associates LP purchased a new position in Tiptree Financial Inc. (NASDAQ:TIPT) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 55,801 shares of the financial services provider’s stock, valued at approximately $1,000,000. Tiptree Financial makes up 0.8% of Raffles Associates LP’s holdings, making the stock its 25th largest holding.

Other institutional investors also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in Tiptree Financial during the 2nd quarter valued at approximately $33,000. Persistent Asset Partners Ltd purchased a new stake in shares of Tiptree Financial in the 2nd quarter valued at $49,000. State of Wyoming acquired a new stake in shares of Tiptree Financial in the first quarter worth $61,000. Strs Ohio acquired a new stake in shares of Tiptree Financial in the first quarter worth $99,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Tiptree Financial during the fourth quarter worth $140,000. 37.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TIPT. Weiss Ratings upgraded shares of Tiptree Financial from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Wall Street Zen raised Tiptree Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Tiptree Financial Trading Down 0.8%

Shares of TIPT stock opened at $18.29 on Friday. Tiptree Financial Inc. has a twelve month low of $15.49 and a twelve month high of $27.41. The stock has a market cap of $681.12 million, a P/E ratio of 1.69 and a beta of 0.93. The stock has a 50 day moving average of $17.96 and a 200 day moving average of $17.37.

Tiptree Financial (NASDAQ:TIPT) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $10.30 EPS for the quarter. The business had revenue of $3.92 million for the quarter. Tiptree Financial had a return on equity of 0.75% and a net margin of 2.36%.

Tiptree Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 17th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, August 17th. Tiptree Financial’s payout ratio is currently 2.22%.

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.