Green Dot Co. (NYSE:GDOT) Major Shareholder Sells $3,492,313.06 in Stock

Green Dot Co. (NYSE:GDOT) major shareholder Topline Capital Partners, Lp sold 331,339 shares of Green Dot stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $10.54, for a total value of $3,492,313.06. Following the completion of the transaction, the insider now owns 5,376,787 shares of the company’s stock, valued at $56,671,334.98. This trade represents a 5.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own 10% or more 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 Friday, November 8th, Topline Capital Partners, Lp bought 135,123 shares of Green Dot stock. The stock was purchased at an average price of $10.94 per share, with a total value of $1,478,245.62.

Green Dot Price Performance

Shares of NYSE GDOT opened at $10.57 on Friday. 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 firm has a market capitalization of $568.53 million, a PE ratio of -10.07 and a beta of 0.90. Green Dot Co. has a 1-year low of $7.70 and a 1-year high of $13.58. The business’s fifty day moving average price is $10.90 and its two-hundred day moving average price is $10.63.

Analysts Set New Price Targets

Several equities analysts recently issued reports on GDOT shares. Barclays raised their price objective on Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a research note on Monday, September 23rd. Craig Hallum lifted their price target on shares of Green Dot from $10.00 to $11.00 and gave the company a “hold” rating in a report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $10.75.

Institutional Trading of Green Dot

A number of large investors have recently modified their holdings of the company. nVerses Capital LLC bought a new position in Green Dot in the 2nd quarter worth about $25,000. Quarry LP acquired a new stake in Green Dot in the 2nd quarter valued at approximately $32,000. Headlands Technologies LLC raised its stake in Green Dot by 44.3% during the 2nd quarter. Headlands Technologies LLC now owns 3,957 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 1,214 shares in the last quarter. Torno Capital LLC acquired a new position in Green Dot during the 2nd quarter worth $38,000. Finally, Versor Investments LP bought a new position in shares of Green Dot in the second quarter worth $105,000. Institutional investors and hedge funds own 92.56% of the company’s stock.

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.