Tiptree Financial (NASDAQ:TIPT) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Shares of Tiptree Financial Inc. (NASDAQ:TIPT) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $17.52 and traded as low as $16.49. Tiptree Financial shares last traded at $17.02, with a volume of 281,023 shares.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Tiptree Financial in a report on Friday, April 10th. Wall Street Zen downgraded Tiptree Financial from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Tiptree Financial Stock Performance

The company has a quick ratio of 4.26, a current ratio of 4.26 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $639.44 million, a P/E ratio of 19.34 and a beta of 0.91. The stock has a fifty day moving average of $16.79 and a 200-day moving average of $17.52.

Tiptree Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Monday, May 18th will be issued a dividend of $0.06 per share. The ex-dividend date is Monday, May 18th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.4%. Tiptree Financial’s dividend payout ratio (DPR) is presently 27.27%.

Insider Activity

In other news, CFO Scott T. Mckinney acquired 2,600 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was acquired at an average cost of $16.15 per share, for a total transaction of $41,990.00. Following the completion of the acquisition, the chief financial officer owned 2,768 shares in the company, valued at $44,703.20. This represents a 1,547.62% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 31.91% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Corsair Capital Management L.P. bought a new position in Tiptree Financial in the first quarter valued at approximately $650,000. Gabelli Funds LLC grew its stake in Tiptree Financial by 329.4% in the first quarter. Gabelli Funds LLC now owns 314,668 shares of the financial services provider’s stock valued at $5,324,000 after purchasing an additional 241,389 shares in the last quarter. Gamco Investors INC. ET AL bought a new position in Tiptree Financial in the first quarter valued at approximately $558,000. Arrowstreet Capital Limited Partnership grew its stake in Tiptree Financial by 175.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 273,061 shares of the financial services provider’s stock valued at $4,620,000 after purchasing an additional 173,774 shares in the last quarter. Finally, Sei Investments Co. grew its stake in Tiptree Financial by 98.8% in the first quarter. Sei Investments Co. now owns 78,691 shares of the financial services provider’s stock valued at $1,331,000 after purchasing an additional 39,114 shares in the last quarter. 37.78% of the stock is currently owned by 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.