Tiptree Financial (NASDAQ:TIPT) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Tiptree Financial Inc. (NASDAQ:TIPT) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $17.08 and traded as high as $17.94. Tiptree Financial shares last traded at $17.17, with a volume of 361,842 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TIPT shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Tiptree Financial in a research report on Friday, April 10th. Wall Street Zen cut Tiptree Financial from a “hold” rating to a “sell” rating in a research report on Saturday, March 14th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Tiptree Financial Stock Down 3.0%

The company has a market cap of $645.08 million, a P/E ratio of 19.51 and a beta of 0.91. The company has a 50 day moving average of $17.08 and a 200-day moving average of $17.43. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.26 and a quick ratio of 4.26.

Tiptree Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 18th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.24 annualized dividend and a yield of 1.4%. Tiptree Financial’s dividend payout ratio (DPR) is currently 27.27%.

Insider Transactions at Tiptree Financial

In other news, CFO Scott T. Mckinney purchased 2,600 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was purchased at an average price of $16.15 per share, with a total value of $41,990.00. Following the completion of the purchase, the chief financial officer directly 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 legal filing with the Securities & Exchange Commission, which is available through this link. 31.91% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Tiptree Financial

Several hedge funds have recently added to or reduced their stakes in the company. SkyView Investment Advisors LLC lifted its stake in Tiptree Financial by 1.9% during the second quarter. SkyView Investment Advisors LLC now owns 27,280 shares of the financial services provider’s stock worth $669,000 after purchasing an additional 508 shares during the last quarter. Creative Planning lifted its stake in Tiptree Financial by 6.0% during the third quarter. Creative Planning now owns 10,667 shares of the financial services provider’s stock worth $204,000 after purchasing an additional 605 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Tiptree Financial by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,055 shares of the financial services provider’s stock worth $363,000 after purchasing an additional 624 shares during the last quarter. Royal Bank of Canada lifted its stake in Tiptree Financial by 8.3% during the first quarter. Royal Bank of Canada now owns 10,107 shares of the financial services provider’s stock worth $243,000 after purchasing an additional 775 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in shares of Tiptree Financial by 0.8% in the 3rd quarter. Qube Research & Technologies Ltd now owns 125,921 shares of the financial services provider’s stock valued at $2,414,000 after acquiring an additional 982 shares during the last quarter. 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.