Tiptree Financial (NASDAQ:TIPT) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Tiptree Financial Inc. (NASDAQ:TIPT)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $18.32 and traded as low as $16.55. Tiptree Financial shares last traded at $16.69, with a volume of 311,674 shares.

Analysts Set New Price Targets

Several research firms recently weighed in on TIPT. Wall Street Zen downgraded Tiptree Financial from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tiptree Financial in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Tiptree Financial Trading Up 1.7%

The business has a fifty day moving average of $17.03 and a 200-day moving average of $18.32. The company has a debt-to-equity ratio of 0.08, a quick ratio of 6.45 and a current ratio of 6.45. The company has a market capitalization of $632.17 million, a P/E ratio of 24.91 and a beta of 1.23.

Tiptree Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Monday, March 16th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, March 16th. Tiptree Financial’s dividend payout ratio (DPR) is 35.82%.

Insider Activity

In other Tiptree Financial news, CFO Scott T. Mckinney acquired 2,600 shares of Tiptree Financial stock in a transaction dated Wednesday, March 11th. The stock was purchased at an average cost of $16.15 per share, for a total transaction of $41,990.00. Following the completion of the acquisition, the chief financial officer directly owned 2,768 shares of the company’s stock, valued at $44,703.20. This represents a 1,547.62% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 31.91% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Tiptree Financial

Several large investors have recently added to or reduced their stakes in the business. Heartland Advisors Inc. increased its holdings in Tiptree Financial by 28.1% during the 3rd quarter. Heartland Advisors Inc. now owns 384,155 shares of the financial services provider’s stock worth $7,364,000 after purchasing an additional 84,155 shares in the last quarter. Kennedy Capital Management LLC lifted its holdings in shares of Tiptree Financial by 15.0% in the second quarter. Kennedy Capital Management LLC now owns 503,923 shares of the financial services provider’s stock valued at $11,883,000 after purchasing an additional 65,607 shares in the last quarter. Gabelli Funds LLC bought a new position in shares of Tiptree Financial in the third quarter valued at approximately $1,501,000. Corsair Capital Management L.P. purchased a new position in shares of Tiptree Financial during the second quarter valued at approximately $354,000. Finally, Norges Bank bought a new stake in Tiptree Financial during the second quarter worth $1,766,000. Institutional investors own 37.78% of the company’s stock.

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.