Tiptree Financial (NASDAQ:TIPT) Stock Passes Below 200-Day Moving Average – Time to Sell?

Tiptree Financial Inc. (NASDAQ:TIPT) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $20.80 and traded as low as $18.30. Tiptree Financial shares last traded at $18.53, with a volume of 167,917 shares traded.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Tiptree Financial in a research report on Monday, December 15th. Wall Street Zen cut Tiptree Financial from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Tiptree Financial Stock Performance

The company has a market cap of $688.40 million, a P/E ratio of 16.55 and a beta of 1.21. The business has a 50 day moving average price of $18.22 and a two-hundred day moving average price of $20.77.

Tiptree Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Monday, November 17th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, November 17th. Tiptree Financial’s dividend payout ratio is currently 21.82%.

Insiders Place Their Bets

In other news, Director Dominique Mielle purchased 5,500 shares of the business’s stock in a transaction on Friday, November 7th. The shares were acquired at an average price of $18.29 per share, with a total value of $100,595.00. Following the acquisition, the director directly owned 70,712 shares in the company, valued at approximately $1,293,322.48. The trade was a 8.43% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 31.78% of the stock is owned by insiders.

Institutional Trading of Tiptree Financial

A number of institutional investors have recently modified their holdings of TIPT. Vanguard Group Inc. increased its holdings in Tiptree Financial by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 1,291,675 shares of the financial services provider’s stock valued at $31,116,000 after purchasing an additional 28,373 shares during the period. Nuveen LLC bought a new stake in shares of Tiptree Financial in the 1st quarter worth approximately $5,346,000. American Century Companies Inc. purchased a new position in shares of Tiptree Financial during the first quarter valued at approximately $587,000. Quantbot Technologies LP purchased a new position in shares of Tiptree Financial during the first quarter valued at approximately $89,000. Finally, Martingale Asset Management L P bought a new position in shares of Tiptree Financial during the first quarter valued at approximately $294,000. 37.78% of the stock is currently owned by hedge funds and other institutional investors.

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.