Tiptree Financial (NASDAQ:TIPT) Stock Passes Below 200 Day Moving Average – What’s Next?

Tiptree Financial Inc. (NASDAQ:TIPT) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $19.59 and traded as low as $17.66. Tiptree Financial shares last traded at $17.74, with a volume of 159,157 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently weighed in on TIPT shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tiptree Financial in a research report on Monday, December 29th. Wall Street Zen downgraded 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.com, the stock currently has an average rating of “Hold”.

Tiptree Financial Price Performance

The firm’s fifty day moving average is $17.91 and its two-hundred day moving average is $19.59. The firm has a market capitalization of $670.93 million, a PE ratio of 16.13 and a beta of 1.22.

Hedge Funds Weigh In On Tiptree Financial

Institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue increased its holdings in Tiptree Financial by 230.0% during the fourth quarter. State of Alaska Department of Revenue now owns 6,102 shares of the financial services provider’s stock worth $110,000 after buying an additional 4,253 shares during the last quarter. Tectonic Advisors LLC grew its position in shares of Tiptree Financial by 4.1% during the 4th quarter. Tectonic Advisors LLC now owns 30,759 shares of the financial services provider’s stock valued at $562,000 after acquiring an additional 1,209 shares during the period. Smith Moore & CO. increased its stake in shares of Tiptree Financial by 9.6% during the 4th quarter. Smith Moore & CO. now owns 17,158 shares of the financial services provider’s stock worth $313,000 after purchasing an additional 1,500 shares during the last quarter. Steadtrust LLC raised its holdings in shares of Tiptree Financial by 90.9% in the 4th quarter. Steadtrust LLC now owns 36,274 shares of the financial services provider’s stock worth $663,000 after purchasing an additional 17,274 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of Tiptree Financial in the 4th quarter worth approximately $154,000. 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.