Tiptree Financial (NASDAQ:TIPT) Reaches New 52-Week Low – Should You Sell?

Tiptree Financial Inc. (NASDAQ:TIPT)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $17.05 and last traded at $17.1130, with a volume of 19038 shares changing hands. The stock had previously closed at $17.20.

Analyst Ratings Changes

A number of research firms have recently commented on TIPT. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tiptree Financial in a report on Monday, December 29th. Wall Street Zen cut shares of Tiptree Financial from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Tiptree Financial Price Performance

The business’s 50 day moving average price is $17.78 and its 200-day moving average price is $19.33. The company has a market cap of $645.21 million, a P/E ratio of 15.51 and a beta of 1.22.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TIPT. Royal Bank of Canada grew its holdings in Tiptree Financial by 8.3% during the 1st quarter. Royal Bank of Canada now owns 10,107 shares of the financial services provider’s stock worth $243,000 after acquiring an additional 775 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of Tiptree Financial during the first quarter worth approximately $424,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Tiptree Financial by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,055 shares of the financial services provider’s stock valued at $363,000 after purchasing an additional 624 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Tiptree Financial by 43.3% in the first quarter. Millennium Management LLC now owns 167,964 shares of the financial services provider’s stock valued at $4,046,000 after purchasing an additional 50,738 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of Tiptree Financial by 1.9% in the first quarter. Empowered Funds LLC now owns 120,640 shares of the financial services provider’s stock valued at $2,906,000 after purchasing an additional 2,227 shares in the last quarter. 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.