Michael Gene Barnes Acquires 3,500 Shares of Tiptree Inc (TIPT) Stock

Tiptree Inc (NASDAQ:TIPT) insider Michael Gene Barnes bought 3,500 shares of the firm’s stock in a transaction dated Friday, May 12th. The shares were acquired at an average price of $6.39 per share, for a total transaction of $22,365.00. Following the completion of the transaction, the insider now directly owns 3,916,205 shares in the company, valued at approximately $25,024,549.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Michael Gene Barnes also recently made the following trade(s):

  • On Monday, March 13th, Michael Gene Barnes bought 2,500 shares of Tiptree stock. The shares were acquired at an average price of $6.50 per share, for a total transaction of $16,250.00.
  • On Friday, March 10th, Michael Gene Barnes bought 3,713 shares of Tiptree stock. The shares were acquired at an average price of $6.47 per share, for a total transaction of $24,023.11.
  • On Wednesday, March 8th, Michael Gene Barnes bought 4,700 shares of Tiptree stock. The shares were acquired at an average price of $6.49 per share, for a total transaction of $30,503.00.
  • On Tuesday, February 28th, Michael Gene Barnes bought 2,500 shares of Tiptree stock. The shares were acquired at an average price of $6.46 per share, for a total transaction of $16,150.00.
  • On Tuesday, February 21st, Michael Gene Barnes bought 1,624 shares of Tiptree stock. The shares were acquired at an average price of $6.50 per share, for a total transaction of $10,556.00.
  • On Friday, February 17th, Michael Gene Barnes bought 2,500 shares of Tiptree stock. The shares were acquired at an average price of $6.44 per share, for a total transaction of $16,100.00.
  • On Thursday, February 16th, Michael Gene Barnes acquired 3,500 shares of Tiptree stock. The stock was purchased at an average cost of $6.42 per share, for a total transaction of $22,470.00.
  • On Tuesday, February 14th, Michael Gene Barnes acquired 4,800 shares of Tiptree stock. The stock was purchased at an average cost of $6.40 per share, for a total transaction of $30,720.00.

Tiptree Inc (NASDAQ:TIPT) traded down 4.88% during mid-day trading on Wednesday, reaching $5.85. 36,944 shares of the company were exchanged. The company has a 50 day moving average of $6.96 and a 200-day moving average of $6.59. Tiptree Inc has a 1-year low of $4.74 and a 1-year high of $7.60. The company has a market capitalization of $166.57 million, a price-to-earnings ratio of 7.49 and a beta of -0.23.

Insider Buying and Selling by Quarter for Tiptree (NASDAQ:TIPT)

The company also recently announced a quarterly dividend, which will be paid on Monday, May 29th. Shareholders of record on Monday, May 22nd will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Thursday, May 18th.

TRADEMARK VIOLATION NOTICE: This news story was posted by sleekmoney and is the sole property of of sleekmoney. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & international copyright & trademark legislation. The original version of this news story can be viewed at https://sleekmoney.com/michael-gene-barnes-acquires-3500-shares-of-tiptree-inc-tipt-stock/1830466.html.

Separately, TheStreet raised shares of Tiptree from a “d” rating to a “c” rating in a research report on Friday, April 7th.

About Tiptree

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 five segments: insurance and insurance services, specialty finance, real estate, asset management, and corporate and other.

5 Day Chart for NASDAQ:TIPT

This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/michael-gene-barnes-acquires-3500-shares-of-tiptree-inc-tipt-stock/1830466.html

Receive News & Ratings for Tiptree Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tiptree Inc and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *