Insider Market Move: Michael Barnes, Tiptree Financial Inc (NASDAQ:TIPT)’s insider Paid for 2,170 Shares

November 30, 2016 - By Winifred Garcia

Insider Market Move: Michael Barnes, Tiptree Financial Inc (NASDAQ:TIPT)'s insider Paid for 2,170 Shares

Michael Barnes Insider Buy

Michael Barnes, the Executive Chairman of Tiptree Financial Inc made an unexpected acquision of 2,170 shares with an average stock price per share of $6.5 in the public firm, that are worth $14,069 U.S Dollars. In the last month, he also obtained 47,602 shares with a market value $291,592 USD. The stock deal by Mr. Michael – was recorded on 30-11-2016 and made public in a SEC’s Form 4 available here. Michael Barnes owns roughly 13.27% of Tiptree Financial Inc’s market cap or 3.79 million shares.

About 5,435 shares traded hands. Tiptree Financial Inc (NASDAQ:TIPT) has risen 13.16% since April 27, 2016 and is uptrending. It has outperformed by 7.93% 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 $184.33 million. The Firm acquires and manages controlling interests of operating businesses. It has a 14.69 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 Businesswire.com published the news titled: “Tiptree Financial Inc. Reports Full Year 2015 Financial Results” on March 15, 2016. Businesswire.com‘s news article titled: “Tiptree Financial Inc. Reports First Quarter 2016 Financial Results” with publication date: May 10, 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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