Tiptree Financial (NASDAQ:TIPT) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Shares of Tiptree Financial Inc. (NASDAQ:TIPT) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $19.03 and traded as low as $16.42. Tiptree Financial shares last traded at $16.55, with a volume of 151,138 shares.

Analyst Upgrades and Downgrades

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

Tiptree Financial Price Performance

The stock has a market cap of $625.92 million, a price-to-earnings ratio of 15.05 and a beta of 1.23. The business has a fifty day moving average of $17.52 and a 200 day moving average of $19.03.

Institutional Investors Weigh In On Tiptree Financial

Several institutional investors and hedge funds have recently modified their holdings of TIPT. Vanguard Group Inc. boosted its holdings in Tiptree Financial by 1.8% in 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 in the last quarter. Geode Capital Management LLC boosted its stake in shares of Tiptree Financial by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 581,461 shares of the financial services provider’s stock worth $13,713,000 after acquiring an additional 8,174 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Tiptree Financial by 66.6% during the 4th 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 last quarter. State Street Corp raised its stake in shares of Tiptree Financial by 0.4% in the 4th 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 in the last quarter. Finally, Kennedy Capital Management LLC raised its stake in shares of Tiptree Financial by 15.0% in the 2nd quarter. Kennedy Capital Management LLC now owns 503,923 shares of the financial services provider’s stock valued at $11,883,000 after acquiring an additional 65,607 shares in the last quarter. Institutional investors and hedge funds own 37.78% of the company’s stock.

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.