Tiptree Financial (NASDAQ:TIPT) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

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 a number of research analyst reports. Wall Street Zen downgraded 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 report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Tiptree Financial Stock Up 1.4%

The stock has a 50 day moving average price of $17.83 and a 200 day moving average price of $19.39. The stock has a market capitalization of $677.36 million, a price-to-earnings ratio of 16.28 and a beta of 1.22.

Hedge Funds Weigh In On Tiptree Financial

Hedge funds have recently modified their holdings of the business. Royal Bank of Canada increased its holdings in Tiptree Financial by 8.3% in the first quarter. Royal Bank of Canada now owns 10,107 shares of the financial services provider’s stock valued at $243,000 after purchasing an additional 775 shares during the period. AQR Capital Management LLC bought a new stake in shares of Tiptree Financial in the 1st quarter valued at about $424,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Tiptree Financial by 4.3% in the first 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 period. Millennium Management LLC increased its stake in shares of Tiptree Financial by 43.3% in the first quarter. Millennium Management LLC now owns 167,964 shares of the financial services provider’s stock valued at $4,046,000 after buying an additional 50,738 shares during the period. Finally, Empowered Funds LLC raised its position in shares of Tiptree Financial by 1.9% during the first quarter. Empowered Funds LLC now owns 120,640 shares of the financial services provider’s stock worth $2,906,000 after acquiring an additional 2,227 shares during the last quarter. Institutional investors and hedge funds own 37.78% of the company’s stock.

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.