Tiptree Financial (NASDAQ:TIPT) Announces Quarterly Earnings Results

Tiptree Financial (NASDAQ:TIPT) released its quarterly earnings data on Wednesday. The financial services provider reported $10.30 earnings per share for the quarter, FiscalAI reports. The firm had revenue of $3.92 million for the quarter. Tiptree Financial had a net margin of 2.36% and a return on equity of 5.01%.

Tiptree Financial Stock Performance

TIPT traded up $0.40 during trading on Wednesday, hitting $18.45. 135,814 shares of the company traded hands, compared to its average volume of 248,911. The company has a quick ratio of 4.26, a current ratio of 4.26 and a debt-to-equity ratio of 0.09. The firm has a market cap of $693.17 million, a P/E ratio of 20.97 and a beta of 0.93. Tiptree Financial has a one year low of $15.49 and a one year high of $27.41. The stock’s fifty day moving average is $17.74 and its 200 day moving average is $17.30.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Tiptree Financial in a research note on Wednesday, July 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Institutional Trading of Tiptree Financial

Institutional investors have recently modified their holdings of the business. Tudor Investment Corp ET AL grew its holdings in Tiptree Financial by 221.0% during the 3rd quarter. Tudor Investment Corp ET AL now owns 80,753 shares of the financial services provider’s stock valued at $1,548,000 after buying an additional 55,599 shares in the last quarter. Y Intercept Hong Kong Ltd grew its holdings in shares of Tiptree Financial by 143.0% during the first quarter. Y Intercept Hong Kong Ltd now owns 62,865 shares of the financial services provider’s stock worth $1,064,000 after purchasing an additional 36,990 shares in the last quarter. Gabelli Funds LLC raised its position in Tiptree Financial by 329.4% during the first quarter. Gabelli Funds LLC now owns 314,668 shares of the financial services provider’s stock valued at $5,324,000 after purchasing an additional 241,389 shares in the last quarter. Corsair Capital Management L.P. bought a new position in shares of Tiptree Financial during the 1st quarter valued at $650,000. Finally, Steadtrust LLC raised its position in Tiptree Financial by 90.9% in the 4th quarter. Steadtrust LLC now owns 36,274 shares of the financial services provider’s stock worth $663,000 after purchasing an additional 17,274 shares during the period. 37.78% of the stock is currently owned by hedge funds and other 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.