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

Shares of Tiptree Financial Inc. (NASDAQ:TIPT) 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 traded.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on TIPT shares. Wall Street Zen downgraded Tiptree Financial from a “hold” rating to a “sell” rating in a research report on Saturday, March 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tiptree Financial in a research report on Friday, April 10th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Tiptree Financial currently has an average rating of “Hold”.

Tiptree Financial Stock Up 0.3%

The company has a debt-to-equity ratio of 0.09, a current ratio of 4.26 and a quick ratio of 4.26. The stock has a market capitalization of $658.23 million, a P/E ratio of 19.91 and a beta of 0.91. The firm has a 50-day simple moving average of $16.88 and a 200 day simple moving average of $17.48.

Tiptree Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 18th were given a $0.06 dividend. The ex-dividend date 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 news, CFO Scott T. Mckinney bought 2,600 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was purchased at an average cost of $16.15 per share, for a total transaction of $41,990.00. Following the completion of the transaction, the chief financial officer owned 2,768 shares of the company’s stock, valued at $44,703.20. This trade represents a 1,547.62% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 31.91% of the company’s stock.

Hedge Funds Weigh In On Tiptree Financial

A number of hedge funds have recently made changes to their positions in TIPT. State of Wyoming bought a new position in shares of Tiptree Financial during the first quarter worth about $61,000. Strs Ohio bought a new position in shares of Tiptree Financial during the first quarter worth about $99,000. State of Alaska Department of Revenue raised its position in shares of Tiptree Financial by 230.0% during the fourth quarter. State of Alaska Department of Revenue now owns 6,102 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 4,253 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Tiptree Financial during the fourth quarter worth about $140,000. Finally, AlphaQuest LLC raised its position in shares of Tiptree Financial by 422.2% during the third quarter. AlphaQuest LLC now owns 7,676 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 6,206 shares during the last quarter. 37.78% of the stock is currently owned by institutional investors.

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.