Tiptree Financial (NASDAQ:TIPT) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Tiptree Financial Inc. (NASDAQ:TIPT)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $20.62 and traded as low as $18.09. Tiptree Financial shares last traded at $18.11, with a volume of 155,781 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TIPT. Weiss Ratings restated a “hold (c+)” rating on shares of Tiptree Financial in a report on Monday. Wall Street Zen lowered shares of Tiptree Financial from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Tiptree Financial Price Performance

The firm has a 50-day moving average of $18.28 and a 200 day moving average of $20.62. The company has a market capitalization of $684.92 million, a PE ratio of 16.46 and a beta of 1.21.

Tiptree Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 17th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, November 17th. Tiptree Financial’s payout ratio is presently 21.82%.

Insiders Place Their Bets

In related news, Director Dominique Mielle bought 5,500 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were bought at an average price of $18.29 per share, for a total transaction of $100,595.00. Following the completion of the acquisition, the director owned 70,712 shares of the company’s stock, valued at $1,293,322.48. This trade represents a 8.43% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 31.78% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Tiptree Financial

Several hedge funds and other institutional investors have recently modified their holdings of the company. AlphaQuest LLC bought a new stake in shares of Tiptree Financial in the second quarter worth $35,000. State of Alaska Department of Revenue purchased a new position in Tiptree Financial in the third quarter worth about $35,000. CWM LLC grew its stake in shares of Tiptree Financial by 171.8% during the 3rd quarter. CWM LLC now owns 4,200 shares of the financial services provider’s stock valued at $81,000 after purchasing an additional 2,655 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Tiptree Financial during the 1st quarter valued at about $89,000. Finally, Strs Ohio bought a new position in shares of Tiptree Financial in the 1st quarter worth approximately $99,000. 37.78% of the stock is owned by institutional investors.

About Tiptree Financial

Tiptree Financial, Inc (NASDAQ: TIPT) is a specialty finance company that provides working capital solutions to small and medium-sized enterprises. Through its wholly owned subsidiary, Tiptree Finance LLC, the company focuses on asset-based lending, accounts receivable financing, and supply chain finance. Tiptree’s model is designed to help businesses manage cash flow, support growth initiatives, and optimize their balance sheets by unlocking liquidity tied up in receivables and inventory.

The company’s core services include invoice factoring and purchase order financing.