Tiptree Inc (NASDAQ:TIPT) General Counsel Neil Charles Rifkind sold 18,319 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $6.22, for a total transaction of $113,944.18. Following the completion of the transaction, the general counsel now directly owns 40,485 shares of the company’s stock, valued at $251,816.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Neil Charles Rifkind also recently made the following trade(s):
- On Tuesday, May 19th, Neil Charles Rifkind sold 14,601 shares of Tiptree stock. The stock was sold at an average price of $6.45, for a total transaction of $94,176.45.
Shares of NASDAQ TIPT traded up $0.07 during trading on Friday, reaching $6.12. The company had a trading volume of 313 shares, compared to its average volume of 90,864. The stock has a market cap of $215.54 million, a PE ratio of -4.48 and a beta of 0.56. The business’s 50 day moving average price is $5.59 and its 200-day moving average price is $6.81. Tiptree Inc has a 52 week low of $4.45 and a 52 week high of $8.30.
The firm also recently declared a quarterly dividend, which will be paid on Monday, May 25th. Investors of record on Monday, May 18th 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 2.61%. The ex-dividend date of this dividend is Friday, May 15th.
A number of equities analysts have weighed in on the stock. ValuEngine raised shares of Tiptree from a “sell” rating to a “hold” rating in a research note on Thursday, January 23rd. BidaskClub downgraded shares of Tiptree from a “hold” rating to a “sell” rating in a research note on Friday, January 24th.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. raised its stake in shares of Tiptree by 25.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 210,602 shares of the financial services provider’s stock worth $1,714,000 after buying an additional 43,361 shares during the last quarter. Mackay Shields LLC raised its stake in shares of Tiptree by 58.2% during the fourth quarter. Mackay Shields LLC now owns 57,358 shares of the financial services provider’s stock worth $466,000 after buying an additional 21,100 shares during the last quarter. Boston Partners bought a new stake in shares of Tiptree during the fourth quarter worth approximately $2,182,000. Bank of New York Mellon Corp raised its stake in shares of Tiptree by 1.8% during the fourth quarter. Bank of New York Mellon Corp now owns 118,350 shares of the financial services provider’s stock worth $964,000 after buying an additional 2,108 shares during the last quarter. Finally, Community Capital Management Inc. grew its holdings in Tiptree by 5.8% during the first quarter. Community Capital Management Inc. now owns 91,000 shares of the financial services provider’s stock valued at $475,000 after purchasing an additional 5,000 shares during the period. 35.61% of the stock is owned by institutional investors and hedge funds.
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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