Tricadia Capital Management Llc Increased Tiptree Inc (NASDAQ:TIPT) Stake by $25.12 Million

August 12, 2018 - By Anthony Romero

Tricadia Capital Management Llc increased its stake in Tiptree Inc (NASDAQ:TIPT) by 68.92% based on its latest 2018Q2 regulatory filing with the SEC. Tricadia Capital Management Llc bought 4.19M shares as the company’s stock rose 15.38% while stock markets declined. The hedge fund held 10.26M shares of the specialty insurers company at the end of 2018Q2, valued at $69.78 million, up from 6.07 million at the end of the previous reported quarter. Tricadia Capital Management Llc who had been investing in Tiptree Inc for a number of months, seems to be bullish on the $243.14M market cap company. The stock decreased 0.75% or $0.05 during the last trading session, reaching $6.65. About 68,689 shares traded. Tiptree Inc. (NASDAQ:TIPT) has risen 8.00% since August 13, 2017 and is uptrending. It has underperformed by 4.57% the S&P500.

Tricadia Capital Management Llc, which manages about $3.88 billion and $200.34M US Long portfolio, decreased its stake in Spirit Rlty Cap Inc New (NYSE:SRC) by 2.10 million shares to 954,043 shares, valued at $7.66M in 2018Q2, according to the filing.

Tricadia Capital Management Llc is a New York-based hedge fund that was founded by Michael Barnes And Arif Inayatullah. It had more than $3.88 billion assets under management in September, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Tricadia Capital Management latest Adv, the fund reported to have 40 full and part-time employees. Among which 29 performing investment advisory and research functions. The hedge fund had between 11-25 clients.

Tiptree Inc., through its subsidiaries, engages in specialty insurance, asset management, senior living, and specialty finance businesses in the United States. The company has market cap of $243.14 million. The Company’s Specialty Insurance segment offers credit protection insurance, mobile protection, warranty and service contracts, and insurance programs; and value-add services, including premium finance and business processing services. It has a 7.54 P/E ratio. The companyÂ’s Asset Management segment engages in the management of credit related assets on behalf of pension funds, hedge funds, other asset management firms, banks, insurance companies, and other institutional investors.

More important recent Tiptree Inc. (NASDAQ:TIPT) news were published by: Businesswire.com which released: “Tiptree to Hold Conference Call for Q2 2018 Results on Tuesday, August 7, 2018” on July 26, 2018, also Seekingalpha.com published article titled: “Tiptree Inc. 2018 Q2 – Results – Earnings Call Slides”, Businesswire.com published: “Tiptree Reports Second Quarter 2018 Results” on August 06, 2018. More interesting news about Tiptree Inc. (NASDAQ:TIPT) was released by: Seekingalpha.com and their article: “Tiptree, Inc. (TIPT) Q2 2018 Results – Earnings Call Transcript” with publication date: August 11, 2018.

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