Hodges Capital Management Inc. Grows Stock Holdings in Tiptree Inc. (NASDAQ:TIPT)

Hodges Capital Management Inc. increased its stake in Tiptree Inc. (NASDAQ:TIPT) by 35.5% during the 4th quarter, HoldingsChannel reports. The firm owned 168,853 shares of the financial services provider’s stock after buying an additional 44,269 shares during the period. Hodges Capital Management Inc.’s holdings in Tiptree were worth $3,522,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of TIPT. SG Americas Securities LLC grew its holdings in 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 purchasing an additional 2,944 shares during the period. Sanders Morris Harris LLC lifted its position in shares of Tiptree by 66.7% during the 4th quarter. Sanders Morris Harris LLC now owns 25,000 shares of the financial services provider’s stock valued at $518,000 after buying an additional 10,000 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Tiptree by 55.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 79,202 shares of the financial services provider’s stock valued at $1,550,000 after acquiring an additional 28,400 shares during the period. Barclays PLC increased its holdings in Tiptree by 74.2% in the 3rd quarter. Barclays PLC now owns 72,745 shares of the financial services provider’s stock worth $1,424,000 after acquiring an additional 30,985 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Tiptree by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 559,905 shares of the financial services provider’s stock worth $10,959,000 after acquiring an additional 7,974 shares during the period. Institutional investors own 37.78% of the company’s stock.

Tiptree Price Performance

Tiptree stock opened at $20.04 on Monday. The firm’s 50 day moving average price is $20.84 and its 200-day moving average price is $20.06. Tiptree Inc. has a 1 year low of $14.96 and a 1 year high of $24.09. The stock has a market cap of $742.68 million, a P/E ratio of 20.66 and a beta of 1.30.

Tiptree Announces Dividend

The business also recently declared a special dividend, which was paid on Thursday, December 19th. Shareholders of record on Wednesday, December 11th were paid a $0.25 dividend. The ex-dividend date was Wednesday, December 11th. Tiptree’s payout ratio is currently 24.74%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Tiptree from a “strong-buy” rating to a “buy” rating in a research 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.