Green Dot Co. (NYSE:GDOT) Sees Large Growth in Short Interest

Green Dot Co. (NYSE:GDOT) was the recipient of a large growth in short interest in January. As of January 31st, there was short interest totalling 2,130,000 shares, a growth of 8.7% from the January 15th total of 1,960,000 shares. Approximately 4.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 511,400 shares, the days-to-cover ratio is presently 4.2 days.

Green Dot Stock Performance

Shares of NYSE:GDOT opened at $9.59 on Tuesday. The company has a market capitalization of $516.06 million, a price-to-earnings ratio of -9.04 and a beta of 0.90. Green Dot has a 12 month low of $7.70 and a 12 month high of $13.58. The firm’s 50-day moving average is $9.69 and its 200 day moving average is $10.56. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05.

Insider Activity

In other news, insider Topline Capital Management, Ll sold 247,230 shares of the company’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $10.54, for a total transaction of $2,605,804.20. Following the sale, the insider now directly owns 6,088,737 shares in the company, valued at approximately $64,175,287.98. This represents a 3.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Topline Capital Partners, Lp sold 331,339 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $10.54, for a total transaction of $3,492,313.06. Following the sale, the insider now owns 5,376,787 shares in the company, valued at $56,671,334.98. This represents a 5.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 959,180 shares of company stock worth $10,071,696. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Green Dot

A number of hedge funds have recently added to or reduced their stakes in GDOT. Meeder Asset Management Inc. purchased a new stake in shares of Green Dot in the 4th quarter worth approximately $44,000. KLP Kapitalforvaltning AS purchased a new stake in Green Dot during the fourth quarter valued at approximately $84,000. Caxton Associates LP purchased a new stake in Green Dot during the fourth quarter valued at approximately $121,000. New York State Common Retirement Fund lifted its position in Green Dot by 63.1% during the fourth quarter. New York State Common Retirement Fund now owns 11,892 shares of the financial services provider’s stock valued at $127,000 after acquiring an additional 4,600 shares during the last quarter. Finally, Polymer Capital Management US LLC purchased a new stake in Green Dot during the fourth quarter valued at approximately $131,000. 92.56% of the stock is currently owned by institutional investors.

Green Dot Company Profile

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.