Tiptree Inc (NASDAQ:TIPT) Chairman Buys $69,480.00 in Stock

Tiptree Inc (NASDAQ:TIPT) Chairman Michael Gene Barnes acquired 12,000 shares of the firm’s stock in a transaction dated Friday, June 26th. The shares were bought at an average cost of $5.79 per share, with a total value of $69,480.00. Following the completion of the acquisition, the chairman now directly owns 8,436,906 shares of the company’s stock, valued at $48,849,685.74. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Wednesday, June 24th, Michael Gene Barnes acquired 19,236 shares of Tiptree stock. The shares were bought at an average cost of $5.76 per share, with a total value of $110,799.36.
  • On Monday, June 22nd, Michael Gene Barnes acquired 2,545 shares of Tiptree stock. The shares were bought at an average cost of $5.81 per share, with a total value of $14,786.45.
  • On Thursday, June 18th, Michael Gene Barnes acquired 20,088 shares of Tiptree stock. The shares were bought at an average cost of $5.79 per share, with a total value of $116,309.52.
  • On Thursday, June 11th, Michael Gene Barnes acquired 1,080 shares of Tiptree stock. The shares were bought at an average cost of $5.83 per share, with a total value of $6,296.40.
  • On Wednesday, May 13th, Michael Gene Barnes acquired 3,214 shares of Tiptree stock. The shares were bought at an average cost of $5.75 per share, with a total value of $18,480.50.
  • On Monday, May 11th, Michael Gene Barnes acquired 90 shares of Tiptree stock. The shares were bought at an average cost of $5.83 per share, with a total value of $524.70.
  • On Wednesday, May 6th, Michael Gene Barnes acquired 6,780 shares of Tiptree stock. The shares were bought at an average cost of $6.28 per share, with a total value of $42,578.40.
  • On Monday, May 4th, Michael Gene Barnes bought 3,390 shares of Tiptree stock. The shares were acquired at an average price of $6.04 per share, with a total value of $20,475.60.
  • On Thursday, April 30th, Michael Gene Barnes bought 5,724 shares of Tiptree stock. The shares were acquired at an average price of $5.99 per share, with a total value of $34,286.76.
  • On Tuesday, April 28th, Michael Gene Barnes bought 5,724 shares of Tiptree stock. The shares were acquired at an average price of $6.42 per share, with a total value of $36,748.08.

Shares of NASDAQ TIPT opened at $6.42 on Friday. The firm has a 50 day moving average of $6.14 and a 200 day moving average of $6.48. The firm has a market capitalization of $221.37 million, a price-to-earnings ratio of -4.76 and a beta of 0.57. Tiptree Inc has a 12-month low of $4.45 and a 12-month high of $8.30.

Tiptree (NASDAQ:TIPT) last announced its earnings results on Thursday, May 7th. The financial services provider reported ($1.74) earnings per share (EPS) for the quarter. The business had revenue of $129.67 million for the quarter. Tiptree had a negative net margin of 6.34% and a negative return on equity of 11.61%.

Separately, TheStreet lowered shares of Tiptree from a “c” rating to a “d+” rating in a research report on Friday, May 22nd.

Institutional investors and hedge funds have recently bought and sold shares of the business. Citigroup Inc. boosted its position in shares of Tiptree by 45.6% in the fourth quarter. Citigroup Inc. now owns 5,266 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 1,649 shares during the period. Alliancebernstein L.P. boosted its position in shares of Tiptree by 9.6% in the first quarter. Alliancebernstein L.P. now owns 19,500 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 1,700 shares during the period. Hodges Capital Management Inc. bought a new position in shares of Tiptree in the first quarter worth approximately $127,000. Hancock Whitney Corp boosted its position in shares of Tiptree by 20.4% in the first quarter. Hancock Whitney Corp now owns 25,956 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 4,397 shares during the period. Finally, UBS Group AG boosted its position in shares of Tiptree by 61.8% in the fourth quarter. UBS Group AG now owns 30,702 shares of the financial services provider’s stock worth $250,000 after purchasing an additional 11,727 shares during the period. Institutional investors and hedge funds own 33.94% of the company’s stock.

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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