Tiptree Financial (NASDAQ:TIPT) Sets New 52-Week Low – Here’s Why

Tiptree Financial Inc. (NASDAQ:TIPT)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $15.94 and last traded at $16.14, with a volume of 444277 shares. The stock had previously closed at $16.50.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Tiptree Financial in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

Tiptree Financial Price Performance

The firm’s 50 day moving average is $17.38 and its two-hundred day moving average is $18.82. The firm has a market capitalization of $610.41 million, a P/E ratio of 24.09 and a beta of 1.23.

Tiptree Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 16th will be paid a $0.06 dividend. The ex-dividend date is Monday, March 16th. This represents a $0.24 dividend on an annualized basis and a yield of 1.5%. Tiptree Financial’s dividend payout ratio (DPR) is currently 35.82%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Heartland Advisors Inc. lifted its stake in Tiptree Financial by 28.1% in the 3rd quarter. Heartland Advisors Inc. now owns 384,155 shares of the financial services provider’s stock valued at $7,364,000 after purchasing an additional 84,155 shares during the last quarter. Kennedy Capital Management LLC increased its position in Tiptree Financial by 15.0% during the second quarter. Kennedy Capital Management LLC now owns 503,923 shares of the financial services provider’s stock worth $11,883,000 after buying an additional 65,607 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Tiptree Financial by 7.2% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 73,770 shares of the financial services provider’s stock worth $1,739,000 after buying an additional 4,943 shares during the last quarter. Corsair Capital Management L.P. bought a new stake in Tiptree Financial in the second quarter valued at approximately $354,000. Finally, Norges Bank bought a new stake in Tiptree Financial in the second quarter valued at approximately $1,766,000. 37.78% of the stock is currently owned by institutional investors and hedge funds.

Tiptree Financial Company 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.