Hillsdale Investment Management Inc. Increases Stock Holdings in Tiptree Inc. (NASDAQ:TIPT)

Hillsdale Investment Management Inc. grew its position in Tiptree Inc. (NASDAQ:TIPT) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 221,977 shares of the financial services provider’s stock after buying an additional 1,200 shares during the quarter. Hillsdale Investment Management Inc. owned 0.60% of Tiptree worth $4,630,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Tiptree during the third quarter valued at $85,000. FMR LLC boosted its stake in shares of Tiptree by 43.1% during the third quarter. FMR LLC now owns 4,449 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 1,339 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Tiptree during the third quarter valued at $149,000. BBR Partners LLC acquired a new stake in shares of Tiptree during the third quarter valued at $294,000. Finally, SG Americas Securities LLC boosted its stake in shares of Tiptree by 23.5% during the fourth quarter. SG Americas Securities LLC now owns 15,485 shares of the financial services provider’s stock valued at $323,000 after acquiring an additional 2,944 shares during the last quarter. Hedge funds and other institutional investors own 37.78% of the company’s stock.

Tiptree Stock Down 1.8 %

TIPT opened at $23.08 on Friday. The firm has a market cap of $859.94 million, a P/E ratio of 23.79 and a beta of 1.31. Tiptree Inc. has a 52 week low of $15.52 and a 52 week high of $24.09. The business’s fifty day simple moving average is $21.07 and its 200 day simple moving average is $20.71.

Tiptree (NASDAQ:TIPT) last posted its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $0.67 EPS for the quarter. Tiptree had a return on equity of 11.50% and a net margin of 2.05%. The business had revenue of $503.60 million for the quarter.

Tiptree Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date was Monday, March 10th. Tiptree’s payout ratio is 18.60%.

Tiptree Company Profile

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.