Tiptree Inc. (NASDAQ:TIPT) Sees 39.7% Jump in Short Interest in March

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

Tiptree Stock Performance

On Friday, Tiptree stock opened at $23.27. The company's market capitalization is approximately $867.02 million, and it has a price-to-earnings (PE) ratio of 23.99 along with a beta of 1.31. The stock's 50-day moving average is priced at $21.48, while the 200-day moving average is at $20.90. Over the last year, Tiptree's stock has seen a low of $15.52 and a high of $26.90.

Tiptree released its latest earnings report on February 26th, revealing earnings per share (EPS) of $0.67 for the quarter. The company reported a net margin of 2.05% and a return on equity of 11.50%, with revenue totaling $503.60 million for the quarter.

Tiptree Dividend Update

The company has also recently announced a quarterly dividend, which shareholders received on March 17th. Investors on record as of March 10th received a dividend of $0.06 per share. The ex-dividend date was also March 10th. This dividend translates to an annual payment of $0.24 and a yield of 1.03%. Tiptree's payout ratio currently sits at 18.60%.

Institutional Investment Activity

In the latest quarter, several institutional investors made changes to their positions in Tiptree. Group One Trading LLC increased its holdings by 192.8% during the fourth quarter, acquiring a total of 1,856 shares valued at around $39,000. KLP Kapitalforvaltning AS initiated a new position in Tiptree, valued at approximately $83,000 during the same quarter. Additionally, Point72 Asia Singapore Pte. Ltd. and Aquatic Capital Management LLC both acquired new stakes in Tiptree, valued at around $85,000 each during the third and fourth quarters, respectively. As of now, institutional investors and hedge funds hold about 37.78% of Tiptree stock.

About Tiptree

Tiptree Inc., through its subsidiaries, provides specialty insurance products and related services in the United States. The company functions primarily through two segments: Insurance and Mortgage. Tiptree offers a range of insurance products, including professional liability, general liability, property insurance, and personal lines insurance related to loan payment protections.

Tiptree, Short, Stocks