Insider Trade: Tiptree Financial Inc (NASDAQ:TIPT)’s Executive Chairman Michael Barnes Made a Purchase of 2,500 shares

November 23, 2016 - By Michael Collier

Insider Trade: Tiptree Financial Inc (NASDAQ:TIPT)'s Executive Chairman Michael Barnes Made a Purchase of 2,500 shares

Michael Barnes Insider Buy

Michael Barnes – an insider in Tiptree Financial Inc who’s right now a Executive Chairman – acquired 2,500 shares of Tiptree Financial Inc, worth approximately $ 16,110 calculated with average price per share of $ 6.4. He also bought 53,000 shares worth about $320,635 USD in the last 30 days. The probability of this transaction remaining undiscovered is very little, with the Executive Chairman right now owning 3.79 million shares —- that is 13.38% of the stock market cap of the company.

It is down 17.59% since April 21, 2016 and is uptrending. It has outperformed by 12.27% the S&P500.

Tiptree Financial Inc. is a diversified holding company, which is engaged through its consolidated subsidiaries in a number of businesses and is an acquirer of businesses. The company has a market cap of $188.63 million. The Firm acquires and manages controlling interests of operating businesses. It has a 14.8 P/E ratio. The Firm has five divisions: insurance and insurance services, specialty finance, real estate, asset management, and corporate and other.

According to Zacks Investment Research, “Tiptree Financial Inc. operates as a diversified holding company. The Company, through its operating subsidiary, Tiptree Operating Company, LLC, is focused on four sectors of financial services: insurance and insurance services, real estate, asset management and specialty finance. Tiptree Financial Inc., formerly known as Care Investment Trust Inc., is based in United States.”

Analysts await Tiptree Financial Inc (NASDAQ:TIPT) to report earnings on March, 21.

More recent Tiptree Financial Inc (NASDAQ:TIPT) news were published by: Nasdaq.com which released: “Tiptree Financial Inc. (TIPT) Ex-Dividend Date Scheduled for November 17, 2016” on November 16, 2016. Also Streetinsider.com published the news titled: “Form 4 TIPTREE FINANCIAL INC. For: Nov 18 Filed by: Barnes Michael Gene” on November 22, 2016. Businesswire.com‘s news article titled: “Tiptree Financial Inc. Reports Full Year 2015 Financial Results” with publication date: March 15, 2016 was also an interesting one.

TIPT Company Profile

Tiptree Financial Inc., incorporated on March 19, 2007, is a diversified holding company, which is engaged through its consolidated subsidiaries in a number of businesses and is an acquirer of businesses. The Firm acquires and manages controlling interests of operating businesses. The Firm has five divisions: insurance and insurance services, specialty finance, real estate, asset management, and corporate and other. The Firm conducts its activities through Tiptree Operating Company, LLC (the Operating Company). The Company’s insurance and insurance services segment operates through Fortegra Financial Corporation (Fortegra). The Company’s specialty finance segment operates through Siena Capital Finance LLC (Siena) and Luxury Mortgage Corp (Luxury). The Company’s real estate segment operates through Care LLC (Care). The Company’s asset management segment activities include Telos Asset Management’s (TLAM) management of collateralized loan obligations (CLOs) and Muni Capital Management’s (MCM) management of Non-Profit Preferred Funding Trust I (NPPF I). The Company’s corporate and other segment activities include Tiptree Direct Holdings LLC (TDH) and Muni Funding Company of America LLC (MFCA).

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