Tectonic Advisors LLC Purchases 1,662 Shares of Tiptree Inc. (NASDAQ:TIPT)

Tectonic Advisors LLC lifted its position in shares of Tiptree Inc. (NASDAQ:TIPT) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,158 shares of the financial services provider’s stock after acquiring an additional 1,662 shares during the period. Tectonic Advisors LLC owned approximately 0.08% of Tiptree worth $608,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Copeland Capital Management LLC acquired a new position in Tiptree during the third quarter valued at approximately $56,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Tiptree in the 3rd quarter valued at $85,000. FMR LLC raised its holdings in shares of Tiptree by 43.1% during the 3rd quarter. FMR LLC now owns 4,449 shares of the financial services provider’s stock worth $87,000 after buying an additional 1,339 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Tiptree during the 3rd quarter worth $149,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Tiptree in the second quarter valued at about $176,000. Institutional investors and hedge funds own 37.78% of the company’s stock.

Tiptree Price Performance

Shares of NASDAQ:TIPT opened at $20.43 on Thursday. Tiptree Inc. has a one year low of $14.96 and a one year high of $24.09. The company has a market cap of $757.05 million, a price-to-earnings ratio of 21.06 and a beta of 1.30. The firm has a 50 day simple moving average of $20.73 and a 200 day simple moving average of $20.10.

Tiptree Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Thursday, December 19th. Investors of record on Wednesday, December 11th were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, December 11th. Tiptree’s dividend payout ratio (DPR) is 24.74%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Tiptree from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 1st.

About Tiptree

Tiptree Inc, through its subsidiaries, provides specialty insurance products and related services primarily in the United States. It operates through two segments: Insurance and Mortgage. The company offers niche; commercial lines insurance products, including professional liability, general liability, contractual liability protection, property and other short-tail, and alternative risks insurance products; and personal lines insurance products, such as credit protection surrounding loan payments.