Tiptree Financial (NASDAQ:TIPT) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of Tiptree Financial (NASDAQ:TIPT) from a hold rating to a sell rating in a research report report published on Saturday morning.

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Tiptree Financial in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Tiptree Financial Price Performance

Tiptree Financial stock opened at $16.21 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 6.45 and a current ratio of 6.45. Tiptree Financial has a 52 week low of $15.85 and a 52 week high of $27.41. The stock has a market capitalization of $613.06 million, a P/E ratio of 24.19 and a beta of 1.23. The stock has a fifty day moving average of $17.26 and a 200-day moving average of $18.64.

Tiptree Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Monday, March 16th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.24 annualized dividend and a dividend yield of 1.5%. Tiptree Financial’s dividend payout ratio (DPR) is 35.82%.

Insiders Place Their Bets

In other news, CFO Scott T. Mckinney acquired 2,600 shares of Tiptree Financial stock in a transaction that occurred on Wednesday, March 11th. The shares were acquired at an average price of $16.15 per share, for a total transaction of $41,990.00. Following the transaction, the chief financial officer directly owned 2,768 shares of the company’s stock, valued at approximately $44,703.20. The trade was a 1,547.62% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 32.69% of the stock is owned by corporate insiders.

Institutional Trading of Tiptree Financial

A number of hedge funds have recently made changes to their positions in the company. SkyView Investment Advisors LLC grew its holdings in shares of Tiptree Financial by 1.9% during the second quarter. SkyView Investment Advisors LLC now owns 27,280 shares of the financial services provider’s stock worth $669,000 after purchasing an additional 508 shares during the last quarter. Creative Planning increased its stake in shares of Tiptree Financial by 6.0% in the third quarter. Creative Planning now owns 10,667 shares of the financial services provider’s stock valued at $204,000 after buying an additional 605 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Tiptree Financial by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,055 shares of the financial services provider’s stock valued at $363,000 after buying an additional 624 shares during the last quarter. Royal Bank of Canada raised 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 buying an additional 775 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its position in Tiptree Financial by 0.8% during the 3rd quarter. Qube Research & Technologies Ltd now owns 125,921 shares of the financial services provider’s stock worth $2,414,000 after buying an additional 982 shares during the period. 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.