Insider Buying: Tiptree Inc (TIPT) CEO Acquires $277,840.99 in Stock

Tiptree Inc (NASDAQ:TIPT) CEO Jonathan Ilany bought 42,161 shares of Tiptree stock in a transaction dated Wednesday, March 22nd. The shares were acquired at an average price of $6.59 per share, with a total value of $277,840.99. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Jonathan Ilany also recently made the following trade(s):

  • On Friday, March 24th, Jonathan Ilany bought 10,414 shares of Tiptree stock. The shares were acquired at an average price of $6.69 per share, with a total value of $69,669.66.
  • On Monday, March 20th, Jonathan Ilany bought 5,844 shares of Tiptree stock. The shares were acquired at an average price of $6.68 per share, with a total value of $39,037.92.

Tiptree Inc (NASDAQ:TIPT) opened at 6.90 on Tuesday. The company has a market capitalization of $196.47 million, a P/E ratio of 8.83 and a beta of -0.23. Tiptree Inc has a 52 week low of $4.74 and a 52 week high of $7.15. The stock’s 50 day moving average price is $6.53 and its 200 day moving average price is $6.29.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Monday, March 27th will be paid a dividend of $0.03 per share. This is an increase from Tiptree’s previous quarterly dividend of $0.03. This represents a $0.12 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Thursday, March 23rd.

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About Tiptree

Tiptree Inc, formerly Tiptree Financial Inc, is a diversified holding company that acquires and manages controlling interests of operating businesses. The Company conducts its operations through Tiptree Operating Company, LLC (the Operating Company). It operates through five segments: insurance and insurance services, specialty finance, real estate, asset management, and corporate and other.

5 Day Chart for NASDAQ:TIPT

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