Wall Street Zen Downgrades Tiptree Financial (NASDAQ:TIPT) to Sell

Tiptree Financial (NASDAQ:TIPT) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

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

Tiptree Financial Stock Performance

NASDAQ TIPT opened at $16.25 on Friday. The company has a current ratio of 6.45, a quick ratio of 6.45 and a debt-to-equity ratio of 0.08. The business’s 50 day moving average is $17.30 and its two-hundred day moving average is $18.69. Tiptree Financial has a 12-month low of $15.85 and a 12-month high of $27.41. The stock has a market capitalization of $614.58 million, a price-to-earnings ratio of 24.25 and a beta of 1.23.

Insider Activity at Tiptree Financial

In other news, CFO Scott T. Mckinney purchased 2,600 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were acquired at an average price of $16.15 per share, with a total value of $41,990.00. Following the purchase, the chief financial officer directly owned 2,768 shares of the company’s stock, valued at $44,703.20. The trade was a 1,547.62% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 32.69% of the stock is owned by company insiders.

Hedge Funds Weigh In On Tiptree Financial

Several hedge funds and other institutional investors have recently bought and sold shares of TIPT. State of Alaska Department of Revenue purchased a new stake in Tiptree Financial during the third quarter worth $35,000. Strs Ohio acquired a new stake in Tiptree Financial in the first quarter valued at $99,000. CWM LLC increased its position in shares of Tiptree Financial by 171.8% in the third quarter. CWM LLC now owns 4,200 shares of the financial services provider’s stock valued at $81,000 after buying an additional 2,655 shares in the last quarter. AlphaQuest LLC increased its position in shares of Tiptree Financial by 422.2% in the third 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 in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Tiptree Financial during the 4th quarter worth $140,000. 37.78% of the stock is owned by institutional investors and hedge funds.

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.