Tiptree Inc. Sees Dramatic Surge in Short Interest for March

Tiptree Inc. (NASDAQ:TIPT) experienced a notable rise in short interest throughout March. As of March 15th, the total short interest reached 212,400 shares, marking a 39.7% increase from the 152,000 shares recorded on February 28th. This indicates that about 1.0% of the company's stock is currently sold short. With an average daily trading volume of 122,500 shares, the short-interest ratio now stands at 1.7 days.

Tiptree Stock Performance

On Friday, Tiptree's stock opened at $23.27. The company boasts a market capitalization of $867.02 million, a price-to-earnings (PE) ratio of 23.99, and a beta of 1.31. Over the past 50 days, the stock's average price has been $21.48, while the 200-day moving average is $20.90. Tiptree's stock has fluctuated throughout the past year, recording a low of $15.52 and a high of $26.90.

Recently, Tiptree issued its earnings results on February 26th, where it reported an earnings per share (EPS) of $0.67 for the quarter. The financial services company posted a net margin of 2.05% and a return on equity of 11.50%. Total revenue for the quarter stood at $503.60 million.

Tiptree's Dividend Information

Additionally, Tiptree announced a quarterly dividend payment made on March 17th. Shareholders on record as of March 10th received a dividend of $0.06 per share. This results in an annualized dividend of $0.24, yielding 1.03%. The company's payout ratio currently sits at 18.60%.

Institutional Investor Activity

Several institutional investors and hedge funds have been active in trading Tiptree shares. For example, Group One Trading LLC increased its stake by 192.8% in the fourth quarter, acquiring a total of 1,856 shares worth about $39,000. KLP Kapitalforvaltning AS also took a new position in Tiptree valued at approximately $83,000, while Aquatic Capital Management LLC made a similar investment valued at around $85,000 during the same quarter. Overall, institutional investors and hedge funds own 37.78% of Tiptree's stock.

Overview of Tiptree Inc.

Tiptree Inc., through its various subsidiaries, specializes in offering niche insurance products and services primarily in the United States. The company operates in two main segments: Insurance and Mortgage. It provides a variety of commercial lines insurance products, including professional liability and property insurance, alongside personal lines insurance products that protect consumers with credit coverage related to loan repayments.

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