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

Tiptree Financial Inc. (NASDAQ:TIPT) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $17.05 and last traded at $17.1130, with a volume of 19038 shares. The stock had previously closed at $17.20.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TIPT. Wall Street Zen downgraded shares of Tiptree Financial from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tiptree Financial in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Tiptree Financial Stock Down 2.3%

The stock has a market capitalization of $635.38 million, a P/E ratio of 15.33 and a beta of 1.22. The business’s 50 day simple moving average is $17.80 and its two-hundred day simple moving average is $19.36.

Institutional Trading of Tiptree Financial

Institutional investors and hedge funds have recently modified their holdings of the stock. AlphaQuest LLC purchased a new position in shares of Tiptree Financial during the second quarter valued at approximately $35,000. State of Alaska Department of Revenue purchased a new position in Tiptree Financial during the 3rd quarter worth $35,000. CWM LLC boosted its holdings in Tiptree Financial by 171.8% during the 3rd quarter. CWM LLC now owns 4,200 shares of the financial services provider’s stock worth $81,000 after acquiring an additional 2,655 shares during the last quarter. Strs Ohio bought a new stake in shares of Tiptree Financial in the 1st quarter worth $99,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Tiptree Financial in the fourth quarter valued at about $140,000. 37.78% of the stock is 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.