Tiptree Financial Inc. (TIPT): Michael Gene Barnes , Executive Chairman of Tiptree Financial Inc. purchased 3,585 shares on Sep 22, 2016. The Insider buying transaction was reported by the company on Sep 26, 2016 to the Securities and Exchange Commission. The shares were purchased at $6.04 per share for a total value of $21,564.25 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 22, 2016, Michael Gene Barnes (Executive Chairman) purchased 4,216 shares at $5.93 per share price.On Sep 8, 2016, Sandra Bell (Chief Financial Officer) sold 3,500 shares at $5.43 per share price.
Tiptree Financial Inc: On Thursday, Sep 22, 2016 heightened volatility was witnessed in Tiptree Financial Inc which led to swings in the share price. The shares opened for trading at $5.96 and hit $6.16 on the upside , eventually ending the session at $6.09, with a gain of 2.53% or 0.15 points. The heightened volatility saw the trading volume jump to 29,633 shares. The 52-week high of the share price is $7.5 and the company has a market cap of $261 M . The 52-week low of the share price is at $4.735.
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).