Tiptree Financial (NASDAQ:TIPT) Shares Cross Below 200 Day Moving Average – Should You Sell?

Tiptree Financial Inc. (NASDAQ:TIPT)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $19.74 and traded as low as $17.31. Tiptree Financial shares last traded at $17.88, with a volume of 307,711 shares changing hands.

Analysts Set New Price Targets

Several analysts have commented on TIPT shares. Wall Street Zen cut Tiptree Financial from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings reissued 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.com, the stock currently has a consensus rating of “Hold”.

Tiptree Financial Price Performance

The stock has a market cap of $676.22 million, a PE ratio of 16.25 and a beta of 1.23. The stock has a 50-day simple moving average of $18.03 and a 200-day simple moving average of $19.74.

Insider Activity

In other Tiptree Financial news, Director Dominique Mielle bought 5,500 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was purchased at an average price of $18.29 per share, with a total value of $100,595.00. Following the transaction, the director owned 70,712 shares in the company, valued at $1,293,322.48. This trade represents a 8.43% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 31.78% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TIPT. State of Alaska Department of Revenue increased its position in shares of Tiptree Financial by 230.0% in the fourth quarter. State of Alaska Department of Revenue now owns 6,102 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 4,253 shares in the last quarter. Tectonic Advisors LLC boosted its position in Tiptree Financial by 4.1% during the 4th quarter. Tectonic Advisors LLC now owns 30,759 shares of the financial services provider’s stock worth $562,000 after purchasing an additional 1,209 shares during the period. Smith Moore & CO. boosted its position in Tiptree Financial by 9.6% during the 4th quarter. Smith Moore & CO. now owns 17,158 shares of the financial services provider’s stock worth $313,000 after purchasing an additional 1,500 shares during the period. Steadtrust LLC increased its holdings in Tiptree Financial by 90.9% in the 4th quarter. Steadtrust LLC now owns 36,274 shares of the financial services provider’s stock valued at $663,000 after purchasing an additional 17,274 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Tiptree Financial in the fourth quarter valued at about $154,000. 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.