Tiptree Inc (TIPT) Chairman Michael Gene Barnes Purchases 46,720 Shares

Tiptree Inc (NASDAQ:TIPT) Chairman Michael Gene Barnes purchased 46,720 shares of the company’s stock in a transaction on Monday, April 1st. The stock was purchased at an average price of $6.35 per share, for a total transaction of $296,672.00. Following the purchase, the chairman now directly owns 7,674,665 shares of the company’s stock, valued at approximately $48,734,122.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Michael Gene Barnes also recently made the following trade(s):

  • On Friday, April 5th, Michael Gene Barnes acquired 1,510 shares of Tiptree stock. The stock was bought at an average price of $6.35 per share, with a total value of $9,588.50.
  • On Wednesday, April 3rd, Michael Gene Barnes acquired 59,011 shares of Tiptree stock. The stock was bought at an average price of $6.35 per share, with a total value of $374,719.85.
  • On Friday, March 29th, Michael Gene Barnes bought 22,575 shares of Tiptree stock. The shares were acquired at an average price of $6.34 per share, with a total value of $143,125.50.
  • On Wednesday, March 27th, Michael Gene Barnes bought 88,826 shares of Tiptree stock. The shares were acquired at an average price of $6.29 per share, with a total value of $558,715.54.
  • On Monday, March 25th, Michael Gene Barnes acquired 439 shares of Tiptree stock. The stock was purchased at an average cost of $6.21 per share, with a total value of $2,726.19.
  • On Friday, March 22nd, Michael Gene Barnes bought 51,780 shares of Tiptree stock. The stock was bought at an average price of $6.23 per share, with a total value of $322,589.40.
  • On Wednesday, March 20th, Michael Gene Barnes bought 48,512 shares of Tiptree stock. The stock was bought at an average price of $6.30 per share, with a total value of $305,625.60.

TIPT stock traded up $0.02 during midday trading on Wednesday, reaching $6.09. The company had a trading volume of 5,331 shares, compared to its average volume of 30,669. Tiptree Inc has a 1 year low of $5.01 and a 1 year high of $7.10.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 25th were issued a dividend of $0.035 per share. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $0.14 dividend on an annualized basis and a dividend yield of 2.30%.

Several institutional investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC raised its holdings in shares of Tiptree by 6.1% during the 3rd quarter. Teachers Advisors LLC now owns 47,488 shares of the financial services provider’s stock valued at $311,000 after purchasing an additional 2,725 shares in the last quarter. Bank of America Corp DE raised its holdings in Tiptree by 0.3% in the 4th quarter. Bank of America Corp DE now owns 1,899,925 shares of the financial services provider’s stock worth $10,620,000 after acquiring an additional 5,661 shares during the period. Geode Capital Management LLC raised its holdings in Tiptree by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 275,164 shares of the financial services provider’s stock worth $1,538,000 after acquiring an additional 8,915 shares during the period. Rhumbline Advisers raised its holdings in Tiptree by 43.8% in the 4th quarter. Rhumbline Advisers now owns 38,537 shares of the financial services provider’s stock worth $215,000 after acquiring an additional 11,733 shares during the period. Finally, Citadel Advisors LLC bought a new position in Tiptree in the 3rd quarter worth $108,000. Institutional investors and hedge funds own 38.67% of the company’s stock.

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Tiptree Company Profile

Tiptree Inc, through its subsidiaries, underwrites and administers specialty insurance products primarily in the United States. The company provides credit protection insurance, warranty and service contract products, and niche commercial and consumer insurance programs, as well as offers value-add services, including premium finance and business processing services.

Read More: Return on Investment (ROI)

Insider Buying and Selling by Quarter for Tiptree (NASDAQ:TIPT)

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