Tiptree Financial (NASDAQ:TIPT) Reaches New 52-Week Low – Here’s What Happened

Tiptree Financial Inc. (NASDAQ:TIPT)’s share price reached a new 52-week low on Wednesday . The company traded as low as $15.82 and last traded at $15.8610, with a volume of 172093 shares traded. The stock had previously closed at $16.17.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Tiptree Financial in a report on Monday, December 29th. Wall Street Zen downgraded Tiptree Financial from a “hold” rating to a “sell” rating in a report on Saturday. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Tiptree Financial Stock Down 2.9%

The company has a quick ratio of 6.45, a current ratio of 6.45 and a debt-to-equity ratio of 0.08. The stock has a market cap of $594.08 million, a PE ratio of 23.32 and a beta of 1.23. The firm has a fifty day moving average of $17.23 and a 200 day moving average of $18.59.

Tiptree Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Monday, March 16th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, March 16th. Tiptree Financial’s dividend payout ratio (DPR) is 35.82%.

Insiders Place Their Bets

In other Tiptree Financial news, CFO Scott T. Mckinney purchased 2,600 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was purchased at an average cost of $16.15 per share, with a total value of $41,990.00. Following the completion of the acquisition, the chief financial officer directly owned 2,768 shares of the company’s stock, valued at $44,703.20. This trade represents a 1,547.62% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 32.69% of the stock is currently owned by insiders.

Institutional Trading of Tiptree Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue acquired a new position in shares of Tiptree Financial in the 3rd quarter valued at $35,000. CWM LLC raised its stake in Tiptree Financial by 171.8% during the 3rd quarter. CWM LLC now owns 4,200 shares of the financial services provider’s stock worth $81,000 after acquiring an additional 2,655 shares in the last quarter. Strs Ohio purchased a new stake in Tiptree Financial in the first quarter valued at $99,000. Los Angeles Capital Management LLC acquired a new position in Tiptree Financial in the fourth quarter valued at $140,000. Finally, AlphaQuest LLC boosted its stake in Tiptree Financial by 422.2% in the third quarter. AlphaQuest LLC now owns 7,676 shares of the financial services provider’s stock valued at $147,000 after acquiring an additional 6,206 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.