Connor Clark & Lunn Investment Management Ltd. Has $1.53 Million Stock Holdings in Green Dot Co. (NYSE:GDOT)

Connor Clark & Lunn Investment Management Ltd. raised its stake in Green Dot Co. (NYSE:GDOT) by 2.2% in the 4th quarter, HoldingsChannel reports. The firm owned 143,372 shares of the financial services provider’s stock after acquiring an additional 3,152 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Green Dot were worth $1,525,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Illinois Municipal Retirement Fund increased its position in Green Dot by 12.2% in the 4th quarter. Illinois Municipal Retirement Fund now owns 27,070 shares of the financial services provider’s stock valued at $288,000 after buying an additional 2,954 shares in the last quarter. Martingale Asset Management L P grew its stake in Green Dot by 3.7% in the third quarter. Martingale Asset Management L P now owns 93,596 shares of the financial services provider’s stock valued at $1,096,000 after acquiring an additional 3,300 shares during the period. New York State Common Retirement Fund grew its stake in Green Dot by 63.1% in 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 period. Intech Investment Management LLC raised its position in shares of Green Dot by 33.1% during the third quarter. Intech Investment Management LLC now owns 20,007 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 4,977 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Green Dot by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 260,772 shares of the financial services provider’s stock worth $2,775,000 after purchasing an additional 7,642 shares during the period. Institutional investors and hedge funds own 92.56% of the company’s stock.

Insider Activity at Green Dot

In other news, major shareholder Topline Capital Partners, Lp sold 331,339 shares of the company’s stock in a transaction that occurred on 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 directly owns 5,376,787 shares of the company’s stock, valued at $56,671,334.98. This represents a 5.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Topline Capital Management, Ll sold 380,611 shares of Green Dot stock in a transaction on Monday, December 30th. The stock was sold at an average price of $10.44, for a total value of $3,973,578.84. Following the sale, the insider now owns 5,708,126 shares in the company, valued at $59,592,835.44. This trade represents a 6.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 959,180 shares of company stock valued at $10,071,696 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Green Dot Price Performance

Shares of NYSE:GDOT opened at $7.55 on Thursday. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05. The stock has a market cap of $409.17 million, a PE ratio of -7.19 and a beta of 1.06. The stock’s fifty day simple moving average is $8.44 and its two-hundred day simple moving average is $10.16. Green Dot Co. has a 1-year low of $6.12 and a 1-year high of $13.58.

Wall Street Analyst Weigh In

GDOT has been the subject of a number of recent research reports. Craig Hallum upgraded shares of Green Dot from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Friday, March 14th. Barclays decreased their target price on shares of Green Dot from $10.00 to $7.00 and set an “underweight” rating for the company in a research report on Monday, March 3rd. Finally, Keefe, Bruyette & Woods cut their price target on Green Dot from $12.00 to $10.00 and set a “market perform” rating for the company in a research note on Friday, February 28th.

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.