Tiptree Financial (NASDAQ:TIPT) Shares Break Below 200-Day Moving Average – Time to Sell?

Tiptree Financial Inc. (NASDAQ:TIPT) passed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $17.51 and traded as low as $17.26. Tiptree Financial shares last traded at $17.35, with a volume of 211,265 shares changing hands.

Analyst Ratings Changes

TIPT has been the topic of a number of recent research reports. Weiss Ratings cut shares of Tiptree Financial from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, September 8th. Wall Street Zen raised shares of Tiptree Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Tiptree Financial presently has an average rating of “Hold”.

Tiptree Financial Stock Up 0.3%

The stock has a 50 day simple moving average of $17.89 and a 200 day simple moving average of $17.51. The company has a market cap of $646.11 million, a price-to-earnings ratio of 1.60 and a beta of 0.95.

Tiptree Financial (NASDAQ:TIPT) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $10.30 earnings per share (EPS) for the quarter. The company had revenue of $3.92 million during the quarter.

Tiptree Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Monday, August 17th were given a $0.06 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.24 annualized dividend and a yield of 1.4%. Tiptree Financial’s dividend payout ratio (DPR) is 2.22%.

Hedge Funds Weigh In On Tiptree Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Tiptree Financial in the second quarter valued at about $38,881,000. Dimensional Fund Advisors LP increased its holdings in Tiptree Financial by 1.7% during the 1st 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 last quarter. Heartland Advisors Inc. increased its holdings in Tiptree Financial by 4.1% during the 4th quarter. Heartland Advisors Inc. now owns 400,000 shares of the financial services provider’s stock worth $7,308,000 after purchasing an additional 15,845 shares during the last quarter. Gabelli Funds LLC raised its position in shares of Tiptree Financial by 329.4% in the 1st 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. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Tiptree Financial by 175.0% in the 1st 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. 37.78% of the stock is owned by hedge funds and other institutional investors.

About Tiptree Financial

Tiptree Inc is a diversified holding company that operates primarily through its insurance and specialty finance businesses. The company focuses on niche markets where specialized underwriting, distribution, servicing and financing capabilities can provide value to customers and business partners.

Through its Fortegra insurance platform, Tiptree offers specialty insurance products and related services, including credit insurance, extended warranties, service contracts and other protection products.