Tiptree Financial (NASDAQ:TIPT) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Tiptree Financial Inc. (NASDAQ:TIPT) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $16.88 and traded as high as $17.60. Tiptree Financial shares last traded at $17.52, with a volume of 342,965 shares.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TIPT. Weiss Ratings restated a “hold (c)” rating on shares of Tiptree Financial in a research report on Friday, April 10th. Wall Street Zen downgraded 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, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Tiptree Financial Stock Up 0.3%

The firm has a 50 day moving average of $16.88 and a 200 day moving average of $17.48. The firm has a market cap of $658.23 million, a price-to-earnings ratio of 19.91 and a beta of 0.91. The company has a quick ratio of 4.26, a current ratio of 4.26 and a debt-to-equity ratio of 0.09.

Tiptree Financial Announces Dividend

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

Insider Buying and Selling

In other Tiptree Financial news, CFO Scott T. Mckinney bought 2,600 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was acquired at an average price of $16.15 per share, with a total value of $41,990.00. Following the completion of the purchase, the chief financial officer directly owned 2,768 shares of the company’s stock, valued at approximately $44,703.20. This trade represents a 1,547.62% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 31.91% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Tiptree Financial

Several large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its stake in Tiptree Financial by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 2,149,373 shares of the financial services provider’s stock worth $36,367,000 after purchasing an additional 35,954 shares during the period. Vanguard Group Inc. grew its stake in Tiptree Financial by 1.8% during the third quarter. Vanguard Group Inc. now owns 1,351,702 shares of the financial services provider’s stock worth $25,912,000 after purchasing an additional 23,347 shares during the period. Millennium Management LLC grew its stake in Tiptree Financial by 66.6% in the fourth quarter. Millennium Management LLC now owns 531,619 shares of the financial services provider’s stock valued at $9,713,000 after acquiring an additional 212,430 shares during the period. State Street Corp grew its stake in Tiptree Financial by 0.4% in the fourth quarter. State Street Corp now owns 530,632 shares of the financial services provider’s stock valued at $9,695,000 after acquiring an additional 2,213 shares during the period. Finally, Steamboat Capital Partners LLC grew its stake in Tiptree Financial by 24.6% in the fourth quarter. Steamboat Capital Partners LLC now owns 493,854 shares of the financial services provider’s stock valued at $9,023,000 after acquiring an additional 97,474 shares during the period. Institutional investors and hedge funds 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.