Tiptree Financial Inc. (TIPT): Michael Gene Barnes , Executive Chairman of Tiptree Financial Inc. purchased 4,260 shares on May 31, 2016. The Insider buying transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were purchased at $5.65 per share for a total value of $24,033.09 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 31, 2016, Michael Gene Barnes (Executive Chairman) purchased 2,100 shares at $5.86 per share price.
Shares of Tiptree Financial Inc (TIPT) ended Wednesday, Jun 1, 2016 session in red amid volatile trading. The shares closed down -0.06 points or -1.06% at $5.59 with 26,936 shares getting traded. Post opening the session at $5.62, the shares hit an intraday low of $5.5372 and an intraday high of $5.62 and the price vacillated in this range throughout the day. The company has a market cap of $240 M and the number of outstanding shares has been calculated to be 4,29,49,812 shares. The 52-week high of Tiptree Financial Inc is $8.19 and the 52-week low is $4.9.
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).