Tiptree Financial (NASDAQ:TIPT) Shares Cross Below 200 Day Moving Average – Here’s Why

Tiptree Financial Inc. (NASDAQ:TIPT)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $19.59 and traded as low as $17.66. Tiptree Financial shares last traded at $17.74, with a volume of 159,157 shares.

Analysts Set New Price Targets

TIPT has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of 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 note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Tiptree Financial Stock Up 0.5%

The business has a 50-day moving average price of $17.91 and a 200-day moving average price of $19.58. The firm has a market capitalization of $670.93 million, a P/E ratio of 16.13 and a beta of 1.22.

Institutional Trading of Tiptree Financial

Several institutional investors have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. raised its stake in Tiptree Financial by 7.2% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 73,770 shares of the financial services provider’s stock worth $1,739,000 after acquiring an additional 4,943 shares in the last quarter. Kennedy Capital Management LLC boosted its stake in shares of Tiptree Financial by 15.0% in the 2nd quarter. Kennedy Capital Management LLC now owns 503,923 shares of the financial services provider’s stock valued at $11,883,000 after purchasing an additional 65,607 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Tiptree Financial by 23.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 50,340 shares of the financial services provider’s stock worth $1,187,000 after purchasing an additional 9,630 shares during the last quarter. Norges Bank acquired a new stake in shares of Tiptree Financial during the 2nd quarter worth about $1,766,000. Finally, Pekin Hardy Strauss Inc. bought a new position in Tiptree Financial during the 2nd quarter valued at about $219,000. 37.78% of the stock is currently 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.