Tiptree Inc. Experiences Significant Jump in Short Interest

Tiptree Inc. (NASDAQ:TIPT) recently faced a notable surge in short interest during the month of March. As noted on March 15th, short interest reached a total of 212,400 shares, reflecting an increase of 39.7% from the previous month, where the total was recorded at 152,000 shares. Currently, around 1.0% of the company’s outstanding stock is sold short. Given the average daily volume of 122,500 shares, the short-interest ratio stands at approximately 1.7 days.

Tiptree Stock Performance

On Friday, Tiptree's stock opened at $23.27. The company holds a market capitalization of $867.02 million, a price-to-earnings (PE) ratio of 23.99, and a beta of 1.31. Within the markets, Tiptree's stock has witnessed a 50-day moving average price of $21.48 and a 200-day moving average price of $20.90. Over the past year, the stock has seen a low of $15.52 and a high of $26.90.

On February 26th, Tiptree released its latest earnings report, revealing an earnings per share (EPS) of $0.67 for the quarter. The financial services provider reported a net margin of 2.05% and a return on equity of 11.50%, with a total revenue of $503.60 million for the period.

Dividend Announcement from Tiptree

Recently, Tiptree also announced a quarterly dividend that was distributed on March 17th. Shareholders who were on record on March 10th received a dividend payment of $0.06 per share. The ex-dividend date coincidentally was the same day. This amounts to an annualized dividend of $0.24, translating to a yield of 1.03%, with a payout ratio that stands at 18.60%.

Institutional Transactions

Various hedge funds and institutional investors have been active in buying and selling shares of Tiptree. For example, Group One Trading LLC increased its stake in Tiptree by 192.8% in the fourth quarter, now holding 1,856 shares valued at $39,000 after acquiring an additional 3,856 shares during that phase. Additionally, KLP Kapitalforvaltning AS purchased a new stake valued at about $83,000 during the same quarter. Other notable acquisitions include Point72 Asia Singapore Pte. Ltd. and Aquatic Capital Management LLC, each entering positions in Tiptree valued at approximately $85,000. Currently, institutional investors and hedge funds own about 37.78% of Tiptree's stock.

About Tiptree

Tiptree Inc. operates through its subsidiaries, offering specialty insurance products and associated services primarily within the United States. The company functions through two main segments: Insurance and Mortgage. Its portfolio includes niche commercial insurance products—such as professional liability and general liability—as well as personal lines insurance products like credit protection related to loan payments.

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Tiptree, Stock, ShortInterest