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

Tiptree Financial Inc. (NASDAQ:TIPT)’s stock price crossed 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 traded.

Analyst Upgrades and Downgrades

TIPT has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Tiptree Financial in a research report on Friday, April 10th. Wall Street Zen cut Tiptree Financial from a “hold” rating to a “sell” rating in a research report on Saturday, March 14th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Tiptree Financial presently has an average rating of “Hold”.

Tiptree Financial Stock Performance

The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.26 and a current ratio of 4.26. The company has a market capitalization of $634.18 million, a P/E ratio of 19.18 and a beta of 0.91. The business’s fifty day simple moving average is $16.79 and its 200-day simple moving average is $17.51.

Tiptree Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Monday, May 18th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, May 18th. Tiptree Financial’s dividend payout ratio is currently 27.27%.

Insider Buying and Selling

In related news, CFO Scott T. Mckinney purchased 2,600 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was bought at an average price of $16.15 per share, for a total transaction of $41,990.00. Following the completion of the transaction, the chief financial officer owned 2,768 shares in the company, valued at approximately $44,703.20. The trade was a 1,547.62% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate 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 TIPT. Royal Bank of Canada increased its position in Tiptree Financial by 8.3% during the first quarter. Royal Bank of Canada now owns 10,107 shares of the financial services provider’s stock valued at $243,000 after acquiring an additional 775 shares during the last quarter. AQR Capital Management LLC bought a new stake in Tiptree Financial during the 1st quarter valued at about $424,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Tiptree Financial by 4.3% during the 1st 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 in the last quarter. Millennium Management LLC lifted its holdings in Tiptree Financial by 43.3% during the 1st 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 in the last quarter. Finally, Empowered Funds LLC lifted its holdings in Tiptree Financial by 1.9% during the 1st quarter. Empowered Funds LLC now owns 120,640 shares of the financial services provider’s stock valued at $2,906,000 after buying an additional 2,227 shares in the last quarter. Institutional investors own 37.78% of the company’s stock.

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.