Tiptree Financial (NASDAQ:TIPT) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Tiptree Financial Inc. (NASDAQ:TIPT)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $20.62 and traded as low as $18.09. Tiptree Financial shares last traded at $18.11, with a volume of 155,781 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TIPT. Weiss Ratings reiterated a “hold (c+)” rating on shares of Tiptree Financial in a research note on Monday, December 22nd. Wall Street Zen lowered shares of Tiptree Financial from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Tiptree Financial Trading Down 0.9%

The company’s 50 day simple moving average is $18.28 and its 200-day simple moving average is $20.60. The firm has a market cap of $684.92 million, a P/E ratio of 16.46 and a beta of 1.21.

Tiptree Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Monday, November 17th were given a dividend of $0.06 per share. The ex-dividend date was Monday, November 17th. This represents a $0.24 dividend on an annualized basis and a yield of 1.3%. Tiptree Financial’s dividend payout ratio is 21.82%.

Insider Transactions at Tiptree Financial

In related news, Director Dominique Mielle bought 5,500 shares of the business’s stock in a transaction on Friday, November 7th. The stock was acquired at an average price of $18.29 per share, with a total value of $100,595.00. Following the transaction, the director owned 70,712 shares in the company, valued at approximately $1,293,322.48. This trade represents a 8.43% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 31.78% of the company’s stock.

Hedge Funds Weigh In On Tiptree Financial

A number of institutional investors and hedge funds have recently modified their holdings of TIPT. AlphaQuest LLC purchased a new stake in Tiptree Financial during the second quarter valued at $35,000. State of Alaska Department of Revenue bought a new stake in shares of Tiptree Financial during the 3rd quarter valued at about $35,000. Quantbot Technologies LP bought a new stake in shares of Tiptree Financial during the 1st quarter valued at about $89,000. Strs Ohio purchased a new stake in shares of Tiptree Financial during the 1st quarter valued at about $99,000. Finally, CWM LLC lifted its stake in shares of Tiptree Financial by 171.8% in the 3rd quarter. CWM LLC now owns 4,200 shares of the financial services provider’s stock worth $81,000 after purchasing an additional 2,655 shares during the period. 37.78% of the stock is currently owned by hedge funds and other 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.