Tiptree Financial (NASDAQ:TIPT) Sets New 52-Week Low – Should You Sell?

Shares of Tiptree Financial Inc. (NASDAQ:TIPT) 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 trading hands. The stock had previously closed at $16.50.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TIPT. Wall Street Zen downgraded shares of Tiptree Financial from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings reissued 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, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Tiptree Financial Stock Up 1.2%

The company has a market capitalization of $614.58 million, a P/E ratio of 24.25 and a beta of 1.23. The business has a 50 day moving average of $17.30 and a 200 day moving average of $18.76.

Tiptree Financial Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, March 16th. Tiptree Financial’s dividend payout ratio is currently 35.82%.

Insider Buying and Selling at Tiptree Financial

In other Tiptree Financial news, CFO Scott T. Mckinney bought 2,600 shares of the business’s 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 owned 2,768 shares in the company, valued at $44,703.20. This trade represents a 1,547.62% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 31.78% of the company’s stock.

Hedge Funds Weigh In On Tiptree Financial

Several institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its position in shares of Tiptree Financial by 309.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 403,398 shares of the financial services provider’s stock valued at $7,370,000 after buying an additional 304,917 shares in the last quarter. Millennium Management LLC grew its position in Tiptree Financial by 66.6% in the fourth quarter. Millennium Management LLC now owns 531,619 shares of the financial services provider’s stock worth $9,713,000 after acquiring an additional 212,430 shares in the last quarter. Jane Street Group LLC grew its position in Tiptree Financial by 346.1% in the second quarter. Jane Street Group LLC now owns 166,425 shares of the financial services provider’s stock worth $3,924,000 after acquiring an additional 129,122 shares in the last quarter. Marshall Wace LLP increased its stake in Tiptree Financial by 1,224.5% during the fourth quarter. Marshall Wace LLP now owns 137,576 shares of the financial services provider’s stock worth $2,514,000 after acquiring an additional 127,189 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Tiptree Financial by 93.3% during the fourth quarter. AQR Capital Management LLC now owns 215,231 shares of the financial services provider’s stock worth $3,932,000 after acquiring an additional 103,909 shares during the last quarter. Institutional investors own 37.78% of the company’s stock.

About Tiptree Financial

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.