In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Tiptree Inc. (NASDAQ:TIPT) reported that Tiptree Financial Partners, L.p. has picked up 10,957,643 of common stock as of 2017-06-07.
The acquisition brings the aggregate amount owned by Tiptree Financial Partners, L.p. to a total of 10,957,643 representing 26.74% stake in the company.
For those not familiar with the company, 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 four segments: specialty insurance, asset management, senior living and specialty finance. Specialty Insurance segment operations are conducted through Fortegra Financial Corporation. The specialty finance segment operates through Siena Capital Finance LLC and Luxury Mortgage Corp. The asset management segment operations include Telos Asset Management’s management of collateralized loan obligations. Senior Living operations are conducted through Care Investment Trust LLC.
A glance at Tiptree Inc. (NASDAQ:TIPT)’s key stats reveals a current market capitalization of 186.86 Million based on 30.02 Million shares outstanding and a price at last close of $6.35 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-05-12, Barnes picked up 200 at a purchase price of $6.45. This brings their total holding to 3,919,105 as of the date of the filing.
On the sell side, the most recent transaction saw Bell unload 66 shares at a sale price of $6.50. This brings their total holding to 42,987.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Tiptree Inc. (NASDAQ:TIPT) as things move forward to see if its progress aligns with these transactions.
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