Tiptree Financial (NASDAQ:TIPT) Issues Quarterly Earnings Results

Tiptree Financial (NASDAQ:TIPT) posted its earnings results on Friday. The financial services provider reported $0.04 EPS for the quarter, FiscalAI reports. Tiptree Financial had a net margin of 2.44% and a return on equity of 14.30%.

Tiptree Financial Trading Up 2.8%

Shares of NASDAQ TIPT opened at $17.01 on Friday. Tiptree Financial has a twelve month low of $15.94 and a twelve month high of $27.41. The stock has a 50 day moving average of $17.50 and a two-hundred day moving average of $18.99. The stock has a market cap of $643.32 million, a P/E ratio of 15.46 and a beta of 1.23.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Tiptree Financial in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Hedge Funds Weigh In On Tiptree Financial

A number of hedge funds have recently modified their holdings of TIPT. Vanguard Group Inc. raised its position in Tiptree Financial by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,351,702 shares of the financial services provider’s stock valued at $25,912,000 after purchasing an additional 23,347 shares during the last quarter. Geode Capital Management LLC boosted its stake in Tiptree Financial by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 581,461 shares of the financial services provider’s stock worth $13,713,000 after purchasing an additional 8,174 shares during the period. Millennium Management LLC grew its position in Tiptree Financial by 66.6% during the 4th quarter. Millennium Management LLC now owns 531,619 shares of the financial services provider’s stock worth $9,713,000 after purchasing an additional 212,430 shares during the last quarter. State Street Corp increased its stake in Tiptree Financial by 0.4% in the fourth quarter. State Street Corp now owns 530,632 shares of the financial services provider’s stock valued at $9,695,000 after purchasing an additional 2,213 shares during the period. Finally, Kennedy Capital Management LLC increased its stake in Tiptree Financial by 15.0% in the second quarter. Kennedy Capital Management LLC now owns 503,923 shares of the financial services provider’s stock valued at $11,883,000 after purchasing an additional 65,607 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.