Tiptree Financial (NASDAQ:TIPT) Shares Cross Below 200 Day Moving Average – Should You Sell?

Tiptree Financial Inc. (NASDAQ:TIPT) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $19.74 and traded as low as $17.31. Tiptree Financial shares last traded at $17.88, with a volume of 307,711 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wall Street Zen cut shares of Tiptree Financial from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. 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, According to MarketBeat.com, Tiptree Financial currently has a consensus rating of “Hold”.

Tiptree Financial Stock Up 3.6%

The company has a market cap of $676.22 million, a PE ratio of 16.25 and a beta of 1.23. The firm’s fifty day simple moving average is $18.03 and its 200-day simple moving average is $19.74.

Insider Activity

In related news, Director Dominique Mielle acquired 5,500 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average price of $18.29 per share, with a total value of $100,595.00. Following the completion of the purchase, the director directly owned 70,712 shares in the company, valued at approximately $1,293,322.48. The trade was a 8.43% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 31.78% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Tiptree Financial by 1.8% during the third quarter. Vanguard Group Inc. now owns 1,351,702 shares of the financial services provider’s stock worth $25,912,000 after buying an additional 23,347 shares in the last quarter. Geode Capital Management LLC grew its stake in Tiptree Financial by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 581,461 shares of the financial services provider’s stock worth $13,713,000 after acquiring an additional 8,174 shares during the period. Kennedy Capital Management LLC raised its holdings in Tiptree Financial by 15.0% in the 2nd quarter. Kennedy Capital Management LLC now owns 503,923 shares of the financial services provider’s stock valued at $11,883,000 after acquiring an additional 65,607 shares during the last quarter. Royce & Associates LP raised its holdings in Tiptree Financial by 4.3% in the 3rd quarter. Royce & Associates LP now owns 443,261 shares of the financial services provider’s stock valued at $8,497,000 after acquiring an additional 18,254 shares during the last quarter. Finally, Heartland Advisors Inc. lifted its stake in shares of 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 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.