Tiptree Inc (NASDAQ:TIPT) insider Michael Gene Barnes bought 4,565 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was purchased at an average cost of $6.72 per share, with a total value of $30,676.80. Following the purchase, the insider now directly owns 7,999,872 shares in the company, valued at approximately $53,759,139.84. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Michael Gene Barnes also recently made the following trade(s):

  • On Friday, August 16th, Michael Gene Barnes bought 12,083 shares of Tiptree stock. The stock was purchased at an average cost of $6.56 per share, with a total value of $79,264.48.
  • On Wednesday, August 14th, Michael Gene Barnes bought 7,887 shares of Tiptree stock. The stock was purchased at an average cost of $6.54 per share, with a total value of $51,580.98.
  • On Friday, August 9th, Michael Gene Barnes bought 3,648 shares of Tiptree stock. The stock was purchased at an average cost of $6.53 per share, with a total value of $23,821.44.
  • On Monday, August 12th, Michael Gene Barnes bought 7,118 shares of Tiptree stock. The stock was purchased at an average cost of $6.52 per share, with a total value of $46,409.36.
  • On Wednesday, June 19th, Michael Gene Barnes bought 3,700 shares of Tiptree stock. The stock was purchased at an average cost of $6.47 per share, with a total value of $23,939.00.
  • On Monday, June 17th, Michael Gene Barnes bought 11,944 shares of Tiptree stock. The stock was purchased at an average cost of $6.50 per share, with a total value of $77,636.00.
  • On Friday, June 14th, Michael Gene Barnes bought 11,533 shares of Tiptree stock. The stock was purchased at an average cost of $6.38 per share, with a total value of $73,580.54.
  • On Wednesday, June 12th, Michael Gene Barnes bought 4,042 shares of Tiptree stock. The stock was purchased at an average cost of $6.25 per share, with a total value of $25,262.50.
  • On Monday, June 10th, Michael Gene Barnes bought 8,117 shares of Tiptree stock. The stock was purchased at an average cost of $6.26 per share, with a total value of $50,812.42.
  • On Friday, June 7th, Michael Gene Barnes bought 6,483 shares of Tiptree stock. The stock was purchased at an average cost of $6.20 per share, with a total value of $40,194.60.

Shares of NASDAQ TIPT traded down $0.02 on Thursday, reaching $6.75. 314 shares of the company traded hands, compared to its average volume of 18,115. Tiptree Inc has a fifty-two week low of $5.01 and a fifty-two week high of $7.00. The company has a 50 day moving average of $6.51 and a 200 day moving average of $6.24. The stock has a market capitalization of $230.81 million, a PE ratio of 41.75 and a beta of -0.02.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 26th. Stockholders of record on Monday, August 19th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Friday, August 16th.

Several hedge funds and other institutional investors have recently bought and sold shares of TIPT. BNP Paribas Arbitrage SA increased its stake in shares of Tiptree by 418.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,623 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 4,539 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. acquired a new position in shares of Tiptree during the 2nd quarter valued at about $50,000. Paloma Partners Management Co acquired a new position in shares of Tiptree during the 2nd quarter valued at about $63,000. SG Americas Securities LLC acquired a new position in shares of Tiptree during the 1st quarter valued at about $123,000. Finally, Panagora Asset Management Inc. increased its stake in shares of Tiptree by 50.4% during the 2nd quarter. Panagora Asset Management Inc. now owns 30,229 shares of the financial services provider’s stock valued at $190,000 after acquiring an additional 10,133 shares during the last quarter. 34.50% of the stock is owned by institutional investors.

Separately, ValuEngine raised shares of Tiptree from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th.

Tiptree Company Profile

Tiptree Inc, through its subsidiaries, underwrites and administers specialty insurance products primarily in the United States. The company provides credit protection insurance, warranty and service contract products, and niche commercial and consumer insurance programs, as well as offers value-add services, including premium finance and business processing services.

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Insider Buying and Selling by Quarter for Tiptree (NASDAQ:TIPT)

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