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 acquired 135,123 shares of Green Dot stock in a transaction that occurred on Friday, November 8th. The stock was acquired at an average cost of $10.94 per share, with a total value of $1,478,245.62. Following the completion of the purchase, the insider now owns 6,292,788 shares in the company, valued at approximately $68,843,100.72. This represents a 2.19 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

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

Green Dot Trading Down 4.2 %

Shares of NYSE:GDOT opened at $10.87 on Friday. 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 capitalization of $583.83 million, a PE ratio of -10.35 and a beta of 0.91. The firm has a fifty day moving average price of $11.53 and a 200 day moving average price of $10.42. Green Dot Co. has a 1 year low of $7.70 and a 1 year high of $13.58.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on GDOT shares. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $11.00 price objective on shares of Green Dot in a research note on Monday, July 22nd. Barclays upped their price target on shares of Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a research note on Monday, September 23rd. Finally, Craig Hallum boosted their target price on Green Dot from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $10.75.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Kent Lake Capital LLC acquired a new position in Green Dot in the first quarter valued at about $7,464,000. SG Capital Management LLC bought a new position in shares of Green Dot during the 1st quarter worth approximately $4,254,000. American Century Companies Inc. grew its stake in Green Dot by 79.0% in the second quarter. American Century Companies Inc. now owns 322,692 shares of the financial services provider’s stock valued at $3,049,000 after purchasing an additional 142,377 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its position in shares of Green Dot by 24.9% in the second quarter. Thompson Siegel & Walmsley LLC now owns 525,377 shares of the financial services provider’s stock valued at $4,965,000 after buying an additional 104,829 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position 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 during the period. 92.56% of the stock is owned by institutional investors.

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.