Tiptree Financial (NASDAQ:TIPT) Sets New 52-Week Low – Here’s Why

Shares of Tiptree Financial Inc. (NASDAQ:TIPT) reached a new 52-week low on Thursday . The stock traded as low as $15.94 and last traded at $16.14, with a volume of 444277 shares. The stock had previously closed at $16.50.

Wall Street Analyst Weigh In

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

Tiptree Financial Price Performance

The company’s 50-day moving average price is $17.38 and its 200-day moving average price is $18.82. The company has a market cap of $610.41 million, a P/E ratio of 24.09 and a beta of 1.23.

Tiptree Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Monday, March 16th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, March 16th. Tiptree Financial’s dividend payout ratio is currently 35.82%.

Institutional Investors Weigh In On Tiptree Financial

Hedge funds and other institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new position in Tiptree Financial during the 3rd quarter worth approximately $35,000. CWM LLC boosted its holdings in Tiptree Financial by 171.8% during the third 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 last quarter. Strs Ohio acquired a new position in Tiptree Financial during the first quarter worth $99,000. Los Angeles Capital Management LLC bought a new position in Tiptree Financial in the fourth quarter valued at $140,000. Finally, AlphaQuest LLC increased its stake in Tiptree Financial by 422.2% in the 3rd quarter. AlphaQuest LLC now owns 7,676 shares of the financial services provider’s stock valued at $147,000 after buying an additional 6,206 shares during the last quarter. Institutional investors and hedge funds 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.