Tiptree Financial (NASDAQ:TIPT) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Shares of Tiptree Financial Inc. (NASDAQ:TIPT) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $19.41 and traded as low as $17.25. Tiptree Financial shares last traded at $17.67, with a volume of 367,158 shares trading hands.

Wall Street Analyst Weigh In

TIPT has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tiptree Financial in a research note on Monday, December 29th. Wall Street Zen cut Tiptree Financial from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Tiptree Financial currently has an average rating of “Hold”.

Tiptree Financial Stock Up 0.8%

The firm has a market capitalization of $668.28 million, a price-to-earnings ratio of 16.06 and a beta of 1.22. The business’s fifty day moving average is $17.82 and its 200 day moving average is $19.41.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. AlphaQuest LLC acquired a new stake in Tiptree Financial in the 2nd quarter valued at approximately $35,000. State of Alaska Department of Revenue bought a new position in shares of Tiptree Financial during the 3rd quarter worth approximately $35,000. Strs Ohio acquired a new stake in shares of Tiptree Financial in the first quarter valued at approximately $99,000. CWM LLC raised its holdings 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 purchasing an additional 2,655 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Tiptree Financial in the fourth quarter worth $140,000. 37.78% of the stock is currently owned by institutional investors.

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.