Tiptree Financial (NASDAQ:TIPT) Sets New 12-Month Low – What’s Next?

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wall Street Zen downgraded Tiptree Financial from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. 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, According to MarketBeat, the stock currently has an average rating of “Hold”.

Tiptree Financial Stock Performance

The stock’s 50 day moving average price is $17.80 and its 200 day moving average price is $19.36. The company has a market capitalization of $635.38 million, a P/E ratio of 15.33 and a beta of 1.22.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV grew its stake in Tiptree Financial by 6.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 24,962 shares of the financial services provider’s stock worth $456,000 after purchasing an additional 1,520 shares during the period. Tudor Investment Corp ET AL boosted its holdings in shares of Tiptree Financial by 6.9% during the 4th quarter. Tudor Investment Corp ET AL now owns 86,289 shares of the financial services provider’s stock worth $1,576,000 after buying an additional 5,536 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Tiptree Financial during the 4th quarter worth approximately $464,000. Millennium Management LLC grew its position in shares of Tiptree Financial by 66.6% during the 4th quarter. Millennium Management LLC now owns 531,619 shares of the financial services provider’s stock worth $9,713,000 after buying an additional 212,430 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of Tiptree Financial by 93.3% in the 4th quarter. AQR Capital Management LLC now owns 215,231 shares of the financial services provider’s stock valued at $3,932,000 after acquiring an additional 103,909 shares in the last quarter. 37.78% of the stock is 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.