Tiptree Inc. Sees Significant Surge in Short Interest During March

Tiptree Inc. (NASDAQ:TIPT) has experienced a notable rise in short interest throughout March. As of March 15th, the total short interest amounted to 212,400 shares, marking a robust increase of 39.7% compared to the 152,000 shares reported on February 28th. Currently, this means that about 1.0% of the company's total stock is sold short. Given the average daily trading volume of 122,500 shares, the current 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 approximately $867.02 million, alongside a price-to-earnings (PE) ratio of 23.99 and a beta of 1.31. Over the past 50 days, the moving average price has been $21.48, while the moving average over the last 200 days is $20.90. Tiptree's stock has experienced a low of $15.52 and a high of $26.90 over the last twelve months.

Recent Earnings Results

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

Dividend Information

The company has also announced a quarterly dividend, which was issued on March 17th. Shareholders recorded on March 10th received a dividend of $0.06 per share. The ex-dividend date was also set for March 10th. This results in an annualized dividend of $0.24, giving a yield of 1.03%. Tiptree’s payout ratio stands at 18.60%.

Institutional Investor Activity

In recent months, various hedge funds and institutional investors have adjusted their holdings in Tiptree. For instance, Group One Trading LLC increased its holdings by 192.8% during the fourth quarter, acquiring 3,856 additional shares to bring its total to 1,856 shares valued at about $39,000. KLP Kapitalforvaltning AS also entered a new stake in Tiptree worth around $83,000 during the same period. Additional new investments were made by Point72 Asia Singapore Pte. Ltd. and Aquatic Capital Management LLC, both in the fourth quarter, valued at roughly $85,000 each. In total, institutional investors and hedge funds hold approximately 37.78% of Tiptree's stock.

About Tiptree

Tiptree Inc. primarily focuses on offering specialty insurance products and related services within the United States through its subsidiaries. The company is segmented into two main divisions: Insurance and Mortgage. Tiptree provides various niche insurance products, including commercial lines such as professional liability and personal lines like credit protection associated with loan payments.

Tiptree, Stocks, Short, Interest, Dividend