Tiptree Financial Inc. (TIPT): Michael Gene Barnes , Executive Chairman of Tiptree Financial Inc. purchased 5,000 shares on Apr 8, 2016. The Insider buying transaction was disclosed on Apr 12, 2016 to the Securities and Exchange Commission. The shares were purchased at $5.68 per share for a total value of $28,311.00.
Currently the company Insiders own 29.32% of Tiptree Financial Inc shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by -0.02%.Institutional Investors own 37.73% of Tiptree Financial Inc shares.During last six month period, the net percent change held by insiders has seen a change of 2.05%.
Tiptree Financial Inc: On Monday, Apr 11, 2016 heightened volatility was witnessed in Tiptree Financial Inc which led to swings in the share price. The shares opened for trading at $5.62 and hit $5.8 on the upside , eventually ending the session at $5.72, with a gain of 2.69% or 0.15 points. The heightened volatility saw the trading volume jump to 24,207 shares. The 52-week high of the share price is $8.19 and the company has a market cap of $246 M . The 52-week low of the share price is at $5.17.
Tiptree Financial Inc. is a holding company that acquires and manages control interests of operating businesses. The Company’s operating company Tiptree Operating Company LLC is a subsidiary of the Company. It has five segments: insurance and insurance services specialty finance asset management real estate and corporate and other segment. It operates Insurance and Insurance Services segment through its subsidiary Fortegra Financial Corporation (Fortegra). Specialty Finance segment operates through Siena Capital Finance LLC (Siena) and Luxury Mortgage Corp (Luxury). Asset Management segment’s operations include Telos Asset Management’s (TLAM) management of CLOs and Muni Capital Management’s (MCM) management of Non-Profit Preferred Funding Trust I (NPPF I). Real Estate segment operates through Care LLC a wholly owned subsidiary of Tiptree. Corporate and other segment’s operations include Tiptree Direct and Muni Funding Company of America LLC (MFCA).