Tiptree Financial Inc. $TIPT Shares Acquired by Heartland Advisors Inc.

Heartland Advisors Inc. boosted its position in Tiptree Financial Inc. (NASDAQ:TIPT) by 28.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 384,155 shares of the financial services provider’s stock after purchasing an additional 84,155 shares during the period. Heartland Advisors Inc.’s holdings in Tiptree Financial were worth $7,364,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. AlphaQuest LLC purchased a new stake in Tiptree Financial in the 2nd quarter worth approximately $35,000. State of Alaska Department of Revenue acquired a new position in Tiptree Financial during the third quarter worth $35,000. CWM LLC boosted its position in Tiptree Financial by 171.8% during the third quarter. CWM LLC now owns 4,200 shares of the financial services provider’s stock worth $81,000 after acquiring an additional 2,655 shares during the last quarter. Strs Ohio acquired a new position in Tiptree Financial in the 1st quarter valued at about $99,000. Finally, Pekin Hardy Strauss Inc. purchased a new stake in shares of Tiptree Financial in the 2nd quarter valued at approximately $219,000. 37.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Tiptree Financial in a report on Monday, December 29th. Wall Street Zen downgraded Tiptree Financial from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Tiptree Financial Stock Performance

Tiptree Financial stock opened at $17.67 on Tuesday. The company has a market capitalization of $668.28 million, a PE ratio of 16.06 and a beta of 1.22. Tiptree Financial Inc. has a fifty-two week low of $17.07 and a fifty-two week high of $27.41. The firm has a 50 day moving average price of $17.82 and a 200 day moving average price of $19.41.

Tiptree Financial 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.