AXQ Capital LP Makes New $166,000 Investment in Green Dot Co. (NYSE:GDOT)

AXQ Capital LP bought a new stake in Green Dot Co. (NYSE:GDOT) during the fourth quarter, HoldingsChannel.com reports. The fund bought 15,641 shares of the financial services provider’s stock, valued at approximately $166,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sei Investments Co. purchased a new position in Green Dot in the fourth quarter valued at about $217,000. American Century Companies Inc. raised its holdings in shares of Green Dot by 42.5% during the 4th quarter. American Century Companies Inc. now owns 1,041,034 shares of the financial services provider’s stock valued at $11,077,000 after buying an additional 310,492 shares during the period. Quantbot Technologies LP lifted its position in Green Dot by 104.2% during the 4th quarter. Quantbot Technologies LP now owns 62,800 shares of the financial services provider’s stock worth $668,000 after acquiring an additional 32,050 shares in the last quarter. Intech Investment Management LLC boosted its holdings in Green Dot by 118.1% in the 4th quarter. Intech Investment Management LLC now owns 43,643 shares of the financial services provider’s stock worth $464,000 after acquiring an additional 23,636 shares during the period. Finally, Swiss National Bank grew its position in Green Dot by 2.5% in the fourth quarter. Swiss National Bank now owns 95,100 shares of the financial services provider’s stock valued at $1,012,000 after acquiring an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 92.56% of the company’s stock.

Green Dot Trading Up 0.7 %

NYSE GDOT opened at $7.89 on Tuesday. The company has a market capitalization of $427.60 million, a price-to-earnings ratio of -7.51 and a beta of 1.06. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.52 and a quick ratio of 0.52. Green Dot Co. has a 12 month low of $6.12 and a 12 month high of $13.58. The company’s fifty day moving average price is $8.37 and its two-hundred day moving average price is $10.08.

Insider Transactions at Green Dot

In other news, major shareholder Topline Capital Partners, Lp sold 331,339 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $10.54, for a total value of $3,492,313.06. Following the transaction, the insider now directly owns 5,376,787 shares in the company, valued at approximately $56,671,334.98. This trade represents a 5.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Topline Capital Management, Ll sold 247,230 shares of the business’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 of the company’s stock, valued at approximately $64,175,287.98. This represents a 3.90 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 959,180 shares of company stock valued at $10,071,696. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on GDOT shares. Keefe, Bruyette & Woods decreased their target price on shares of 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. Craig Hallum raised shares of Green Dot from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Friday, March 14th. Finally, Barclays dropped their target price on Green Dot from $10.00 to $7.00 and set an “underweight” rating on the stock in a research report on Monday, March 3rd.

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.