Green Dot Co. (NYSE:GDOT) Insider Sells $2,605,804.20 in Stock

Green Dot Co. (NYSE:GDOT) insider Topline Capital Management, Ll sold 247,230 shares of the stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $10.54, for a total value of $2,605,804.20. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Topline Capital Management, Ll also recently made the following trade(s):

• On Monday, December 30th, Topline Capital Management, Ll sold 380,611 shares of Green Dot stock. The shares were sold at an average price of $10.44, for a total value of $3,973,578.84.

Green Dot Stock Performance

GDOT stock traded up $0.20 during mid-day trading on Tuesday, reaching $10.64. The company had a trading volume of 993,654 shares, compared to its average volume of 547,047. Green Dot Co. has a one year low of $7.70 and a one year high of $13.58. The stock has a market capitalization of $572.29 million, a P/E ratio of -10.13 and a beta of 0.90. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.05. The stock’s 50-day simple moving average is $10.95 and its two-hundred day simple moving average is $10.62.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Green Dot

Hedge funds have recently bought and sold shares of the company. State Street Corp raised its stake in Green Dot by 5.6% during the 3rd quarter. State Street Corp now owns 2,520,389 shares of the financial services provider’s stock valued at $29,514,000 after acquiring an additional 133,200 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Green Dot by 9.0% during the third quarter. Geode Capital Management LLC now owns 1,222,996 shares of the financial services provider’s stock valued at $14,324,000 after purchasing an additional 101,008 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Green Dot by 17.7% during 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 purchasing an additional 82,022 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in 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 worth $4,965,000 after purchasing an additional 104,829 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Green Dot by 31.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 331,802 shares of the financial services provider’s stock valued at $3,885,000 after buying an additional 78,547 shares in the last quarter. 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.