Tiptree Financial (NASDAQ:TIPT) Rating Lowered to Sell at Wall Street Zen

Tiptree Financial (NASDAQ:TIPT) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tiptree Financial in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Tiptree Financial Trading Up 1.2%

Shares of NASDAQ TIPT opened at $16.25 on Friday. The stock has a market cap of $614.58 million, a P/E ratio of 24.25 and a beta of 1.23. Tiptree Financial has a twelve month low of $15.85 and a twelve month high of $27.41. The stock has a 50 day moving average of $17.30 and a two-hundred day moving average of $18.76.

Insiders Place Their Bets

In related news, CFO Scott T. Mckinney bought 2,600 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were acquired at an average price of $16.15 per share, with a total value of $41,990.00. Following the completion of the acquisition, the chief financial officer owned 2,768 shares in the company, valued at approximately $44,703.20. This trade represents a 1,547.62% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 31.78% of the company’s stock.

Institutional Investors Weigh In On Tiptree Financial

Several hedge funds have recently modified their holdings of TIPT. Heartland Advisors Inc. increased its stake in Tiptree Financial by 28.1% in the 3rd quarter. Heartland Advisors Inc. now owns 384,155 shares of the financial services provider’s stock valued at $7,364,000 after buying an additional 84,155 shares during the period. Kennedy Capital Management LLC raised its position in Tiptree Financial by 15.0% during the 2nd quarter. Kennedy Capital Management LLC now owns 503,923 shares of the financial services provider’s stock worth $11,883,000 after buying an additional 65,607 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Tiptree Financial by 7.2% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 73,770 shares of the financial services provider’s stock worth $1,739,000 after acquiring an additional 4,943 shares during the period. Corsair Capital Management L.P. acquired a new stake in shares of Tiptree Financial in the 2nd quarter worth $354,000. Finally, Gabelli Funds LLC purchased a new stake in shares of Tiptree Financial in the third quarter valued at about $1,501,000. 37.78% of the stock is owned by institutional investors and hedge funds.

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.