Tiptree Financial (NASDAQ:TIPT) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Tiptree Financial Inc. (NASDAQ:TIPT)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $19.59 and traded as low as $17.66. Tiptree Financial shares last traded at $17.74, with a volume of 159,157 shares traded.

Analyst Upgrades and Downgrades

TIPT has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tiptree Financial in a research report on Monday, December 29th. Wall Street Zen cut Tiptree Financial from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Tiptree Financial Price Performance

The stock has a market capitalization of $670.93 million, a P/E ratio of 16.13 and a beta of 1.22. The stock has a fifty day moving average price of $17.91 and a 200 day moving average price of $19.59.

Institutional Investors Weigh In On Tiptree Financial

Several hedge funds and other institutional investors have recently modified their holdings of the stock. AlphaQuest LLC purchased a new stake in shares of Tiptree Financial in the second quarter worth about $35,000. State of Alaska Department of Revenue bought a new stake in Tiptree Financial during the 3rd quarter worth approximately $35,000. Strs Ohio purchased a new stake in Tiptree Financial in the 1st quarter worth approximately $99,000. CWM LLC boosted its holdings in Tiptree Financial by 171.8% in the 3rd quarter. CWM LLC now owns 4,200 shares of the financial services provider’s stock valued at $81,000 after purchasing an additional 2,655 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Tiptree Financial during the 4th quarter valued at $154,000. 37.78% of the stock is currently owned by institutional investors.

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.