Tiptree Financial (NASDAQ:TIPT) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Tiptree Financial Inc. (NASDAQ:TIPT)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $19.41 and traded as low as $17.25. Tiptree Financial shares last traded at $17.67, with a volume of 367,158 shares trading hands.

Analyst Upgrades and Downgrades

TIPT has been the topic of several recent analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Tiptree Financial in a research note on Monday, December 29th. Wall Street Zen downgraded shares of Tiptree Financial from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Tiptree Financial currently has a consensus rating of “Hold”.

Tiptree Financial Price Performance

The firm has a market capitalization of $668.28 million, a P/E ratio of 16.06 and a beta of 1.22. The company’s 50 day moving average price is $17.82 and its 200 day moving average price is $19.41.

Institutional Trading of Tiptree Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in TIPT. Vanguard Group Inc. boosted its stake in shares of Tiptree Financial by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,351,702 shares of the financial services provider’s stock valued at $25,912,000 after purchasing an additional 23,347 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Tiptree Financial by 1.4% in the second quarter. Geode Capital Management LLC now owns 581,461 shares of the financial services provider’s stock valued at $13,713,000 after buying an additional 8,174 shares during the period. State Street Corp boosted its stake in Tiptree Financial by 0.4% in the fourth quarter. State Street Corp now owns 530,632 shares of the financial services provider’s stock valued at $9,695,000 after acquiring an additional 2,213 shares during the last quarter. Kennedy Capital Management LLC boosted its stake in Tiptree Financial by 15.0% in the second quarter. Kennedy Capital Management LLC now owns 503,923 shares of the financial services provider’s stock valued at $11,883,000 after acquiring an additional 65,607 shares during the last quarter. Finally, Royce & Associates LP grew its holdings in Tiptree Financial by 4.3% during the 3rd quarter. Royce & Associates LP now owns 443,261 shares of the financial services provider’s stock worth $8,497,000 after acquiring an additional 18,254 shares during the period. 37.78% of the stock is owned by institutional investors.

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.