Tiptree Financial Inc. (NASDAQ:TIPT) was downgraded by stock analysts at TheStreet from a “c” rating to a “d+” rating in a note issued to investors on Friday.

Separately, BidaskClub lowered shares of Tiptree Financial from a “buy” rating to a “hold” rating in a report on Thursday, July 20th.

Tiptree Financial (TIPT) opened at 6.00 on Friday. The stock has a 50 day moving average price of $6.75 and a 200-day moving average price of $6.72. Tiptree Financial has a 52 week low of $5.19 and a 52 week high of $7.60. The firm has a market capitalization of $174.22 million, a P/E ratio of 17.49 and a beta of -0.42.

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In other Tiptree Financial news, CEO Jonathan Ilany bought 17,550 shares of the stock in a transaction dated Monday, June 12th. The stock was purchased at an average cost of $6.95 per share, for a total transaction of $121,972.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 28.99% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in TIPT. Tricadia Capital Management LLC increased its stake in shares of Tiptree Financial by 32.5% in the second quarter. Tricadia Capital Management LLC now owns 6,004,948 shares of the financial services provider’s stock valued at $42,335,000 after buying an additional 1,472,400 shares during the period. CWA Asset Management Group LLC purchased a new stake in shares of Tiptree Financial during the second quarter valued at $466,000. LSV Asset Management purchased a new stake in shares of Tiptree Financial during the second quarter valued at $322,000. ZPR Investment Management purchased a new stake in shares of Tiptree Financial during the second quarter valued at $162,000. Finally, State Street Corp increased its stake in shares of Tiptree Financial by 5.7% in the second quarter. State Street Corp now owns 397,363 shares of the financial services provider’s stock valued at $2,801,000 after buying an additional 21,556 shares during the period. 43.95% of the stock is owned by institutional investors.

About Tiptree Financial

Tiptree Inc, formerly Tiptree Financial Inc, is a diversified holding company that acquires and manages controlling interests of operating businesses. The Company conducts its operations through Tiptree Operating Company, LLC (the Operating Company). It operates through four segments: specialty insurance, asset management, senior living and specialty finance.

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