Latest news with #MichaelBarnes
Yahoo
28-05-2025
- Business
- Yahoo
Owning 39% shares,institutional owners seem interested in Tiptree Inc. (NASDAQ:TIPT),
Significantly high institutional ownership implies Tiptree's stock price is sensitive to their trading actions A total of 5 investors have a majority stake in the company with 52% ownership Recent sales by insiders We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. If you want to know who really controls Tiptree Inc. (NASDAQ:TIPT), then you'll have to look at the makeup of its share registry. With 39% stake, institutions possess the maximum shares in the company. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). Given the vast amount of money and research capacities at their disposal, institutional ownership tends to carry a lot of weight, especially with individual investors. As a result, a sizeable amount of institutional money invested in a firm is generally viewed as a positive attribute. Let's take a closer look to see what the different types of shareholders can tell us about Tiptree. View our latest analysis for Tiptree Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. We can see that Tiptree does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Tiptree's historic earnings and revenue below, but keep in mind there's always more to the story. We note that hedge funds don't have a meaningful investment in Tiptree. Our data suggests that Michael Barnes, who is also the company's Top Key Executive, holds the most number of shares at 27%. When an insider holds a sizeable amount of a company's stock, investors consider it as a positive sign because it suggests that insiders are willing to have their wealth tied up in the future of the company. With 9.1% and 6.5% of the shares outstanding respectively, Arif Inayatullah and Dimensional Fund Advisors LP are the second and third largest shareholders. Additionally, the company's CEO Jonathan Ilany directly holds 0.7% of the total shares outstanding. On looking further, we found that 52% of the shares are owned by the top 5 shareholders. In other words, these shareholders have a meaningful say in the decisions of the company. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. Our information suggests that there isn't any analyst coverage of the stock, so it is probably little known. The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. Our most recent data indicates that insiders own a reasonable proportion of Tiptree Inc.. It has a market capitalization of just US$816m, and insiders have US$309m worth of shares in their own names. This may suggest that the founders still own a lot of shares. You can click here to see if they have been buying or selling. The general public, who are usually individual investors, hold a 24% stake in Tiptree. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. While it is well worth considering the different groups that own a company, there are other factors that are even more important. Take risks for example - Tiptree has 1 warning sign we think you should be aware of. Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
The Independent
06-03-2025
- Climate
- The Independent
Tropical Cyclone Alfred is slowing down – here's why that makes it more dangerous
Tropical Cyclone Alfred, which had already been moving at a sluggish pace, has slowed even further now, delaying the landfall and raising serious concerns about prolonged storm impacts for Australia 's eastern coast. Initially expected to make landfall late Thursday or early Friday, the latest forecast shows Alfred is now moving at a speed of just 7kmph, slowed down by half of its speed on Wednesday. The storm may not reach the coast until early Saturday now, meaning millions in southeast Queensland and northern New South Wales will endure damaging winds, torrential rain, and dangerous surf conditions for much longer than anticipated. On Thursday morning, Alfred was just 240km off the coast of Brisbane, already bringing record-high waves of 12m and heavy rainfall. The Bureau of Meteorology expects the storm to stall further, potentially staying near the coast for a long time before making landfall. "For the rest of Thursday, we will continue to see Tropical Cyclone Alfred moving west towards the southeast Queensland coast and northeast New South Wales,' the bureau said in a bulletin. 'But into Friday, it does become very slow moving and may even stall just off the coast of Brisbane as a Category 2 system.' Experts say this sluggish movement is tied to a breakdown in the winds that usually steer cyclones. 'The slower than expected movement of TC Alfred is a result of weaker than expected steering winds than originally forecast,' Michael Barnes, research fellow at Monash University, told The Independent. Alfred was originally moving southeast, like most cyclones do, but it encountered a high-pressure system over the Tasman Sea that blocked its path and forced it to turn west toward the coast of Australia to make a rare landfall. The last time Brisbane saw a tropical storm reach this close to its shores, it was 1990. Gold Coast acting mayor Donna Gates said in terms of destructive winds and heavy rain, the city hasn't seen anything like this since 1952. But now, the winds pushing it along have weakened, leaving it meandering offshore instead of moving steadily inland. However, the effects on the ground are increased by this, experts say. Why slow-moving storms are far worse A slow-moving cyclone is often far worse than one that moves quickly. The longer a cyclone stays over a region, the more rain it dumps. 'Both wind and rainfall will be prolonged over areas affected which will exacerbate the impact felt by people and infrastructure,' Mr Barnes says for Alfred. 'This includes rainfall and wind as well as storm surge and coastal wave effects.' Flood warnings are already in place, with southeast Queensland and northern NSW expecting accumulated 800mm of rain expected, with higher totals possible in some areas. Life-threatening flash flooding and river flooding are major concerns. Northern New South Wales has already recorded over 200mm of rainfall in 24 hours while Queensland has recorded o ver 100mm in hinterland areas and the Scenic Rim by 8am on Thursday. When rain continues to fall on an already soaked ground, the risk of life-threatening flash flooding and river flooding increases since the water has nowhere to go, overwhelming rivers, storm drains, and low-lying areas much faster. The prolonged heavy rain also means that floodwaters will take longer to recede, extending the impact on communities. Record-breaking waves exceeding 12m have already been recorded offshore. Prolonged exposure to large waves and storm surges could also lead to severe coastal erosion, particularly along already vulnerable areas of the Gold Coast and northern NSW, experts warn. Alfred is expected to maintain Category 2 strength for much of its approach. But the extra time over warm water could potentially give it more fuel to intensify. 'Tropical Cyclone Alfred, which has already been a slow-moving system, has further slowed down on its approach to landfall. This brings several concerns,' professor Ana Vila-Concejo from the University of Sydney, told The Independent. 'Currently, the cyclone is lingering over warmer waters, increasing the chances of further intensification before it reaches the coast.' However, there's also a chance it could weaken earlier. But it's still capable of dumping massive amounts of rain, says Iftekhar Ahmed, associate professor at the University of Newcastle. "Cyclone Alfred is a shallow system, meaning it lacks the deep convection required for rapid intensification,' he told The Independent. 'It has been brewing for over 10 days, gaining and losing strength due to fluctuating sea temperatures and cloud cover. The fact that it is moving slowly now could mean it's losing energy, but it will still carry massive amounts of moisture, making flooding a serious threat." Why more storms move slowly now The behaviour of Cyclone Alfred reflects a growing trend seen in tropical storms worldwide. Several hurricanes and cyclones have been found to be lingering far longer than usual. Research shows that tropical cyclones worldwide have slowed by 10 per cent over the past 70 years. While many factors influenced contributing to its unusual track and slow movement, one of the major reasons has been warmer ocean temperatures. 'Tropical cyclones feed off the warmth of the sea, explains the deeper it is, the more heat the sea can store and radiate, creating the convection currents that form cyclones,' explains Dr Ahmed. Sea surface temperatures near Australia are well above normal. Rising global temperatures, driven by burning coal, oil and gas, are increasing sea surface temperatures across the planet, increasing marine heatwaves and fuelling hurricanes and cyclones. This year's Atlantic Hurricane Season also saw an extraordinary number of storms with 11 of the 18 developing hurricane strength and five becoming major hurricanes. When Hurricane Milton devastated Florida, scientists found ' bath-tub hot' waters off the coast drove its intensification. 'Tropical cyclones are clearly linked to global warming, with increasing frequency and magnitude,' Dr Ahmed said on Monday. 'Alfred is also striking further south than usual, impacting northern NSW, an area that has not had a cyclone warning in over 50 years.' Alfred's slow movement has already forced major disruptions across Queensland. Gold Coast airport is shut down, flights are cancelled, and thousands are without power. A vast area from the Double Island Point near K'gari in Queensland to Grafton in northern NSW remain under warning.
Yahoo
14-02-2025
- Yahoo
Magistrate who called colleague ‘trolley dolly' reprimanded
A magistrate who called a female colleague a 'trolley dolly' because she had previously worked as a flight attendant has been found guilty of misconduct. Michael Barnes was given a warning after making the remark to his fellow magistrate. She also complained that he had made sarcastic remarks that 'undermined' her law degree, which had been obtained by distance learning, a judicial investigation found. Mr Barnes apologised but argued that the magistrate had previously described herself as a 'trolley dolly'. However, the Judicial Conduct Investigations Office (JCIO) report found that while the two magistrates had engaged in 'two-way light-hearted banter', he had been 'recklessly unfeeling', resulting in 'emotional harm' to his colleague. The guide to judicial conduct states that office holders should be 'circumspect in their conduct and should seek to be courteous, patient, tolerant and should respect the dignity of all'. A spokesman for the JCIO said: 'Mr Justice Keehan, on behalf of the Lady Chief Justice and with the Lord Chancellor's agreement, has issued Michael Barnes JP with a formal warning for misconduct. 'A fellow magistrate made a number of allegations about Mr Barnes's behaviour, which included calling her a 'trolley dolly' in reference to her cabin crew career and sarcastic comments which undermined her distance learning law degree. 'Mr Barnes admitted that he had referred to the complainant as a 'trolley dolly' in a light-hearted manner, during a period of retirement. 'He used the term as it was one that the complainant had previously used to describe her job. He apologised for the offence caused. 'However, he did not offer any representations on the complaint that he had undermined her distance learning law degree and denied all other allegations. 'Following an investigation carried out under the judicial conduct (magistrates) rules 2023, a nominated committee member acknowledged that the two magistrates engaged in two-way light-hearted banter, which failed to display professionalism. 'It was accepted that Mr Barnes caused upset by undermining the complainant's distance learning law degree and by referencing her former air cabin career role as a 'trolley dolly'. 'The nominated committee member acknowledged Mr Barnes's apology but found these comments to be 'recklessly unfeeling' through sarcastic humour, resulting in emotional harm to the complainant. 'The nominated committee member found that the comments amounted to misconduct and recommended a formal warning. 'Mr Justice Keehan and the Lord Chancellor considered the advice of the nominated committee member and agreed with the recommendation.' Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.
