Tiptree Financial (NASDAQ:TIPT) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Tiptree Financial Inc. (NASDAQ:TIPT) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $18.34 and traded as low as $17.99. Tiptree Financial shares last traded at $18.07, with a volume of 160,250 shares traded.

Analyst Ratings Changes

TIPT has been the topic of a number of research analyst reports. Wall Street Zen cut Tiptree Financial from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Tiptree Financial in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Tiptree Financial currently has an average rating of “Hold”.

Tiptree Financial Price Performance

The stock has a market capitalization of $683.41 million, a P/E ratio of 16.43 and a beta of 1.23. The stock has a 50 day moving average price of $18.34 and a 200-day moving average price of $20.37.

Tiptree Financial Announces Dividend

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

Insider Buying and Selling at Tiptree Financial

In other news, Director Dominique Mielle bought 5,500 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were purchased 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 approximately $1,293,322.48. This trade represents a 8.43% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 32.69% of the company’s stock.

Institutional Investors Weigh In On Tiptree Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TIPT. Tudor Investment Corp ET AL grew its holdings in Tiptree Financial by 221.0% in the 3rd quarter. Tudor Investment Corp ET AL now owns 80,753 shares of the financial services provider’s stock worth $1,548,000 after acquiring an additional 55,599 shares during the last quarter. Steadtrust LLC grew its stake in shares of Tiptree Financial by 35.7% in the third quarter. Steadtrust LLC now owns 19,000 shares of the financial services provider’s stock worth $364,000 after purchasing an additional 5,000 shares during the last quarter. Verition Fund Management LLC purchased a new position in Tiptree Financial during the 3rd quarter valued at about $277,000. Qube Research & Technologies Ltd raised its position in Tiptree Financial by 0.8% during the 3rd quarter. Qube Research & Technologies Ltd now owns 125,921 shares of the financial services provider’s stock valued at $2,414,000 after purchasing an additional 982 shares during the last quarter. Finally, Militia Capital Partners LP bought a new position in Tiptree Financial during the 3rd quarter valued at approximately $196,000. 37.78% of the stock is currently owned by institutional investors.

Tiptree Financial Company Profile

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.