Tiptree Inc. [NASDAQ: TIPT] jumped around 1.21 points on Tuesday, while shares priced at $11.21 at the close of the session, up 12.10%. The company report on March 16, 2021 that Tiptree Announces Proposed Initial Public Offering of The Fortegra Group, LLC.
Tiptree Inc. (“Tiptree”) (NASDAQ:TIPT) announced that its subsidiary The Fortegra Group, LLC (“Fortegra”) has publicly filed a Registration Statement on Form S-1 (the “Registration Statement”) with the Securities and Exchange Commission (the “SEC”) relating to a proposed initial public offering. Fortegra represents Tiptree’s insurance segment and includes Fortegra Financial Corporation and the entities through which Smart AutoCare is operated. Fortegra intends to list securities on the New York Stock Exchange under the symbol “FRF”. The size of the proposed offering and price range for the proposed offering have not yet been determined. Tiptree believes there is substantial value in Fortegra that is not currently reflected in Tiptree’s stock price. The offering is a way for Tiptree to unlock that value for Tiptree shareholders.
It is expected that the net proceeds from Fortegra’s initial public offering will be used to execute its growth strategy, repay a portion of Tiptree’s Fortress credit facility, which was entered into in connection with the acquisition of Smart AutoCare, and for working capital and general corporate purposes.
Tiptree Inc. stock is now 123.31% up from its year-to-date (YTD) trading value. TIPT Stock saw the intraday high of $11.56 and lowest of $10.04 per share. The company’s 52-week high price is 10.19, which means current price is +132.57% above from all time high which was touched on 04/20/21.
Compared to the average trading volume of 122.12K shares, TIPT reached a trading volume of 2247809 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Tiptree Inc. [TIPT]?
The Average True Range (ATR) for Tiptree Inc. is set at 0.67, with the Price to Sales ratio for TIPT stock in the period of the last 12 months amounting to 0.43. The Price to Book ratio for the last quarter was 1.05, with the Price to Cash per share for the same quarter was set at 4.39. Price to Free Cash Flow for TIPT in the course of the last twelve months was 2.73.
How has TIPT stock performed recently?
Tiptree Inc. [TIPT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.21. With this latest performance, TIPT shares gained by 34.41% in over the last four-week period, additionally plugging by 113.93% over the last 6 months – not to mention a rise of 121.98% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TIPT stock in for the last two-week period is set at 77.98, with the RSI for the last a single of trading hit 79.88, and the three-weeks RSI is set at 76.85 for Tiptree Inc. [TIPT]. The present Moving Average for the last 50 days of trading for this stock 7.24, while it was recorded at 10.17 for the last single week of trading, and 5.74 for the last 200 days.
Tiptree Inc. [TIPT]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Tiptree Inc. [TIPT] shares currently have an operating margin of -0.19. Tiptree Inc.’s Net Margin is presently recorded at -3.75.
Return on Total Capital for TIPT is now -0.18, given the latest momentum, and Return on Invested Capital for the company is -3.73. Return on Equity for this stock declined to -7.73, with Return on Assets sitting at -1.43. When it comes to the capital structure of this company, Tiptree Inc. [TIPT] has a Total Debt to Total Equity ratio set at 131.90. Additionally, TIPT Total Debt to Total Capital is recorded at 56.88, with Total Debt to Total Assets ending up at 19.88. Long-Term Debt to Equity for the company is recorded at 113.74, with the Long-Term Debt to Total Capital now at 49.05.
Reflecting on the efficiency of the workforce at the company, Tiptree Inc. [TIPT] managed to generate an average of -$21,252 per employee.
Insider trade positions for Tiptree Inc. [TIPT]
There are presently around $127 million, or 37.90% of TIPT stock, in the hands of institutional investors. The top three institutional holders of TIPT stocks are: DIMENSIONAL FUND ADVISORS LP with ownership of 2,672,266, which is approximately -2.451% of the company’s market cap and around 36.90% of the total institutional ownership; BLACKROCK INC., holding 1,479,356 shares of the stock with an approximate value of $14.79 million in TIPT stocks shares; and VANGUARD GROUP INC, currently with $13.53 million in TIPT stock with ownership of nearly -15.009% of the company’s market capitalization.
Positions in Tiptree Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 29 institutional holders increased their position in Tiptree Inc. [NASDAQ:TIPT] by around 1,932,319 shares. Additionally, 19 investors decreased positions by around 446,797 shares, while 7 investors held positions by with 10,317,515 shares. The mentioned changes placed institutional holdings at 12,696,631 shares, according to the latest SEC report filing. TIPT stock had 9 new institutional investments in for a total of 1,363,510 shares, while 2 institutional investors sold positions of 14,000 shares during the same period.