Tiptree Financial (NASDAQ:TIPT) Raised to “Hold” at Wall Street Zen

Tiptree Financial (NASDAQ:TIPT) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Tiptree Financial in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Tiptree Financial Price Performance

TIPT opened at $17.77 on Friday. The stock has a market cap of $667.62 million, a P/E ratio of 1.64 and a beta of 0.93. The stock’s 50 day simple moving average is $17.79 and its 200 day simple moving average is $17.30. Tiptree Financial has a 1-year low of $15.49 and a 1-year high of $27.41.

Tiptree Financial (NASDAQ:TIPT) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $10.30 earnings per share (EPS) for the quarter. The firm had revenue of $3.92 million during the quarter. Tiptree Financial had a return on equity of 0.75% and a net margin of 2.36%.

Institutional Trading of Tiptree Financial

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its stake in Tiptree Financial by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,149,373 shares of the financial services provider’s stock valued at $36,367,000 after purchasing an additional 35,954 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Tiptree Financial by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,351,702 shares of the financial services provider’s stock valued at $25,912,000 after purchasing an additional 23,347 shares in the last quarter. Millennium Management LLC lifted its holdings in Tiptree Financial by 66.6% in the 4th quarter. Millennium Management LLC now owns 531,619 shares of the financial services provider’s stock valued at $9,713,000 after purchasing an additional 212,430 shares in the last quarter. State Street Corp boosted its stake in shares of Tiptree Financial by 0.4% during the 4th quarter. State Street Corp now owns 530,632 shares of the financial services provider’s stock worth $9,695,000 after purchasing an additional 2,213 shares during the last quarter. Finally, Steamboat Capital Partners LLC boosted its stake in shares of Tiptree Financial by 24.6% during the 4th quarter. Steamboat Capital Partners LLC now owns 493,854 shares of the financial services provider’s stock worth $9,023,000 after purchasing an additional 97,474 shares during the last quarter. Institutional investors and hedge funds 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.