GSA Capital Partners LLP Purchases 3,383 Shares of Tiptree Inc. (NASDAQ:TIPT)

GSA Capital Partners LLP grew its stake in shares of Tiptree Inc. (NASDAQ:TIPT) by 4.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,854 shares of the financial services provider’s stock after buying an additional 3,383 shares during the quarter. GSA Capital Partners LLP owned 0.23% of Tiptree worth $1,661,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TIPT. Allspring Global Investments Holdings LLC bought a new position in shares of Tiptree during the second quarter valued at about $48,000. Copeland Capital Management LLC bought a new position in shares of Tiptree during the third quarter valued at about $56,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Tiptree during the second quarter worth about $176,000. BNP Paribas Financial Markets boosted its holdings in shares of Tiptree by 25.6% during the first quarter. BNP Paribas Financial Markets now owns 12,652 shares of the financial services provider’s stock worth $219,000 after purchasing an additional 2,576 shares during the period. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of Tiptree during the second quarter worth about $231,000. 37.78% of the stock is owned by institutional investors.

Tiptree Trading Down 1.0 %

Tiptree stock opened at $21.80 on Wednesday. The firm has a 50-day moving average of $19.89 and a 200-day moving average of $18.39. The firm has a market cap of $807.82 million, a P/E ratio of 22.47 and a beta of 1.30. Tiptree Inc. has a 1-year low of $14.96 and a 1-year high of $22.94.

Tiptree Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Monday, November 18th will be issued a $0.06 dividend. The ex-dividend date is Monday, November 18th. This represents a $0.24 annualized dividend and a yield of 1.10%. Tiptree’s dividend payout ratio (DPR) is presently 24.74%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Tiptree from a “strong-buy” rating to a “buy” rating in a report on Friday, November 1st.

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.