Tiptree Financial (NASDAQ:TIPT) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of Tiptree Financial Inc. (NASDAQ:TIPT) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $19.90 and traded as low as $17.11. Tiptree Financial shares last traded at $17.30, with a volume of 150,080 shares traded.

Analysts Set New Price Targets

TIPT has been the topic of several research analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Tiptree Financial in a report on Monday, December 29th. Wall Street Zen downgraded Tiptree Financial from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Tiptree Financial Stock Performance

The firm has a market capitalization of $654.29 million, a PE ratio of 15.73 and a beta of 1.23. The stock’s 50 day simple moving average is $18.18 and its two-hundred day simple moving average is $19.90.

Tiptree Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 17th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.24 dividend on an annualized basis and a yield of 1.4%. Tiptree Financial’s payout ratio is 21.82%.

Insider Transactions at Tiptree Financial

In related news, Director Dominique Mielle bought 5,500 shares of the business’s stock in a transaction on Friday, November 7th. The stock was acquired at an average cost of $18.29 per share, with a total value of $100,595.00. Following the purchase, the director directly owned 70,712 shares of the company’s stock, valued at $1,293,322.48. The trade was a 8.43% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 31.78% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Tiptree Financial

Several hedge funds and other institutional investors have recently bought and sold shares of TIPT. Royal Bank of Canada boosted its holdings in Tiptree Financial by 8.3% in the 1st quarter. Royal Bank of Canada now owns 10,107 shares of the financial services provider’s stock valued at $243,000 after purchasing an additional 775 shares during the last quarter. AQR Capital Management LLC purchased a new stake in shares of Tiptree Financial during the 1st quarter valued at approximately $424,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Tiptree Financial by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,055 shares of the financial services provider’s stock valued at $363,000 after acquiring an additional 624 shares during the last quarter. Millennium Management LLC grew its position in Tiptree Financial by 43.3% in the first quarter. Millennium Management LLC now owns 167,964 shares of the financial services provider’s stock worth $4,046,000 after acquiring an additional 50,738 shares during the period. Finally, Empowered Funds LLC grew its position in Tiptree Financial by 1.9% in the first quarter. Empowered Funds LLC now owns 120,640 shares of the financial services provider’s stock worth $2,906,000 after acquiring an additional 2,227 shares during the period. 37.78% of the stock is currently 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.