Tiptree Financial (NASDAQ:TIPT) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

Tiptree Financial Inc. (NASDAQ:TIPT)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.55 and traded as low as $17.00. Tiptree Financial shares last traded at $17.30, with a volume of 222,682 shares trading hands.

Analysts Set New Price Targets

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

Tiptree Financial Trading Up 1.2%

The company has a market capitalization of $655.32 million, a price-to-earnings ratio of 19.66 and a beta of 0.91. The company has a 50-day moving average price of $16.78 and a 200-day moving average price of $17.55. The company has a quick ratio of 6.45, a current ratio of 4.26 and a debt-to-equity ratio of 0.09.

Tiptree Financial Dividend Announcement

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

Insiders Place Their Bets

In other news, CFO Scott T. Mckinney bought 2,600 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were acquired at an average cost of $16.15 per share, with a total value of $41,990.00. Following the completion of the transaction, the chief financial officer directly owned 2,768 shares in the company, valued at $44,703.20. This represents a 1,547.62% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 31.91% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Tiptree Financial

A number of institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in Tiptree Financial by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 2,149,373 shares of the financial services provider’s stock worth $36,367,000 after buying an additional 35,954 shares in the last quarter. Vanguard Group Inc. grew its position in 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. Millennium Management LLC grew its position in Tiptree Financial by 66.6% during the fourth quarter. Millennium Management LLC now owns 531,619 shares of the financial services provider’s stock worth $9,713,000 after buying an additional 212,430 shares in the last quarter. State Street Corp grew its position in Tiptree Financial by 0.4% during the fourth quarter. State Street Corp now owns 530,632 shares of the financial services provider’s stock worth $9,695,000 after buying an additional 2,213 shares in the last quarter. Finally, Steamboat Capital Partners LLC grew its position in Tiptree Financial by 24.6% during the fourth quarter. Steamboat Capital Partners LLC now owns 493,854 shares of the financial services provider’s stock worth $9,023,000 after buying an additional 97,474 shares in the last quarter. 37.78% of the stock is owned by institutional investors and hedge funds.

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.