Tiptree Financial (NASDAQ:TIPT) Hits New 12-Month Low – Time to Sell?

Shares of Tiptree Financial Inc. (NASDAQ:TIPT) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $15.94 and last traded at $16.32, with a volume of 42928 shares changing hands. The stock had previously closed at $16.55.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Tiptree Financial in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Tiptree Financial Trading Up 2.8%

The company has a fifty day moving average price of $17.50 and a 200-day moving average price of $18.97. The firm has a market capitalization of $643.32 million, a price-to-earnings ratio of 25.39 and a beta of 1.23.

Tiptree Financial (NASDAQ:TIPT) last issued its quarterly earnings data on Friday, March 6th. The financial services provider reported $0.04 EPS for the quarter. Tiptree Financial had a return on equity of 14.30% and a net margin of 2.44%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TIPT. Mercer Global Advisors Inc. ADV boosted its stake in Tiptree Financial by 6.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 24,962 shares of the financial services provider’s stock worth $456,000 after buying an additional 1,520 shares in the last quarter. Tudor Investment Corp ET AL raised its stake in shares of Tiptree Financial by 6.9% in the 4th quarter. Tudor Investment Corp ET AL now owns 86,289 shares of the financial services provider’s stock valued at $1,576,000 after buying an additional 5,536 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Tiptree Financial during the 4th quarter worth about $464,000. Millennium Management LLC boosted its position in shares of Tiptree Financial by 66.6% during the 4th quarter. Millennium Management LLC now owns 531,619 shares of the financial services provider’s stock valued at $9,713,000 after acquiring an additional 212,430 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Tiptree Financial by 93.3% during the 4th quarter. AQR Capital Management LLC now owns 215,231 shares of the financial services provider’s stock valued at $3,932,000 after acquiring an additional 103,909 shares in the last quarter. 37.78% of the stock is currently owned by institutional investors and hedge funds.

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.