Green Dot Co. (NYSE:GDOT) Major Shareholder Buys $1,478,245.62 in Stock

Green Dot Co. (NYSE:GDOT) major shareholder Topline Capital Partners, Lp purchased 135,123 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were acquired at an average price of $10.94 per share, for a total transaction of $1,478,245.62. Following the acquisition, the insider now owns 6,292,788 shares of the company’s stock, valued at $68,843,100.72. This trade represents a 2.19 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Topline Capital Partners, Lp also recently made the following trade(s):

• On Tuesday, September 24th, Topline Capital Partners, Lp acquired 162,243 shares of Green Dot stock. The shares were bought at an average cost of $11.87 per share, for a total transaction of $1,925,824.41.

Green Dot Stock Performance

Shares of GDOT opened at $10.87 on Friday. Green Dot Co. has a one year low of $7.70 and a one year high of $13.58. The firm has a market capitalization of $583.83 million, a P/E ratio of -10.35 and a beta of 0.91. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.52 and a quick ratio of 0.52. The business has a fifty day moving average of $11.53 and a 200 day moving average of $10.42.

Hedge Funds Weigh In On Green Dot

A number of hedge funds have recently made changes to their positions in GDOT. Kent Lake Capital LLC bought a new position in shares of Green Dot during the 1st quarter valued at approximately $7,464,000. SG Capital Management LLC purchased a new position in Green Dot during the 1st quarter valued at $4,254,000. American Century Companies Inc. increased its stake in Green Dot by 79.0% in the 2nd quarter. American Century Companies Inc. now owns 322,692 shares of the financial services provider’s stock worth $3,049,000 after buying an additional 142,377 shares during the period. Thompson Siegel & Walmsley LLC raised its position in Green Dot by 24.9% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 525,377 shares of the financial services provider’s stock valued at $4,965,000 after purchasing an additional 104,829 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Green Dot by 17.7% in the second quarter. Bank of New York Mellon Corp now owns 544,166 shares of the financial services provider’s stock valued at $5,142,000 after acquiring an additional 82,022 shares in the last quarter. Institutional investors own 92.56% of the company’s stock.

Analyst Ratings Changes

GDOT has been the topic of several analyst reports. Craig Hallum lifted their target price on Green Dot from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Friday, October 4th. Barclays boosted their target price on Green Dot from $7.00 to $10.00 and gave the company an “underweight” rating in a research note on Monday, September 23rd. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $11.00 price objective on shares of Green Dot in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, Green Dot currently has a consensus rating of “Hold” and a consensus price target of $10.75.

About Green Dot

Green Dot Corporation, a financial technology and registered bank holding company, provides various financial services to consumers and businesses in the United States. It operates through three segments: Consumer Services, Business to Business Services, and Money Movement Services. The company provides deposit account programs, including consumer and small business checking account products, network-branded reloadable prepaid debit cards and gift cards, and secured credit programs.