Tiptree Financial (NASDAQ:TIPT) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Tiptree Financial Inc. (NASDAQ:TIPT)’s share price passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $17.57 and traded as low as $17.27. Tiptree Financial shares last traded at $17.36, with a volume of 329,579 shares traded.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TIPT shares. Weiss Ratings lowered Tiptree Financial from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 8th. Wall Street Zen raised shares of Tiptree Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, Tiptree Financial currently has an average rating of “Hold”.

Tiptree Financial Trading Down 2.2%

The stock’s fifty day moving average price is $17.80 and its 200 day moving average price is $17.57. The stock has a market cap of $629.36 million, a P/E ratio of 1.56 and a beta of 0.95.

Tiptree Financial (NASDAQ:TIPT) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $10.30 earnings per share (EPS) for the quarter. The business had revenue of $3.92 million during the quarter.

Tiptree Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Monday, August 17th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Monday, August 17th. Tiptree Financial’s dividend payout ratio (DPR) is presently 2.22%.

Institutional Trading of Tiptree Financial

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp purchased a new position in Tiptree Financial during the second quarter valued at $1,846,000. BlackRock Inc. bought a new stake in Tiptree Financial in the second quarter worth $38,881,000. Empowered Funds LLC purchased a new stake in shares of Tiptree Financial in the second quarter worth $2,297,000. Raffles Associates LP purchased a new stake in shares of Tiptree Financial in the second quarter worth $1,000,000. Finally, Heartland Advisors Inc. purchased a new stake in shares of Tiptree Financial in the second quarter worth $7,168,000. Hedge funds and other institutional investors own 37.78% of the company’s stock.

About Tiptree Financial

Tiptree Inc is a diversified holding company that operates primarily through its insurance and specialty finance businesses. The company focuses on niche markets where specialized underwriting, distribution, servicing and financing capabilities can provide value to customers and business partners.

Through its Fortegra insurance platform, Tiptree offers specialty insurance products and related services, including credit insurance, extended warranties, service contracts and other protection products.