Tiptree (NASDAQ:TIPT) will issue its quarterly earnings data before the market opens on Tuesday, August 6th.
Tiptree (NASDAQ:TIPT) last released its quarterly earnings results on Monday, May 6th. The financial services provider reported $0.11 EPS for the quarter. Tiptree had a net margin of 0.65% and a negative return on equity of 1.26%. The company had revenue of $183.90 million for the quarter.
Shares of NASDAQ:TIPT traded up $0.01 during trading on Tuesday, reaching $6.70. The stock had a trading volume of 100 shares, compared to its average volume of 14,044. Tiptree has a 52 week low of $5.01 and a 52 week high of $6.90. The firm’s fifty day moving average is $6.34.
In other news, Chairman Michael Gene Barnes purchased 11,944 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were bought at an average price of $6.50 per share, with a total value of $77,636.00. Following the completion of the transaction, the chairman now directly owns 7,949,122 shares in the company, valued at approximately $51,669,293. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jonathan Ilany purchased 4,500 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was purchased at an average cost of $5.93 per share, for a total transaction of $26,685.00. Following the transaction, the chief executive officer now owns 17,863 shares of the company’s stock, valued at $105,927.59. The disclosure for this purchase can be found here. In the last three months, insiders bought 158,719 shares of company stock worth $980,286. Insiders own 25.56% of the company’s stock.
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.
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