Topline Capital Partners, Lp Sells 331,339 Shares of Green Dot Co. (NYSE:GDOT) Stock

Green Dot Co. (NYSE:GDOT) major shareholder Topline Capital Partners, Lp sold 331,339 shares of Green Dot 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 completion of the sale, the insider now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Friday, November 8th, Topline Capital Partners, Lp bought 135,123 shares of Green Dot stock. The stock was bought at an average price of $10.94 per share, for a total transaction of $1,478,245.62.

Green Dot Stock Performance

GDOT opened at $10.64 on Thursday. The firm has a market capitalization of $572.29 million, a PE ratio of -10.13 and a beta of 0.90. Green Dot Co. has a twelve month low of $7.70 and a twelve month high of $13.58. The firm’s 50-day moving average price is $10.92 and its 200 day moving average price is $10.63. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05.

Hedge Funds Weigh In On Green Dot

Institutional investors have recently bought and sold shares of the company. nVerses Capital LLC purchased a new position in Green Dot during the second quarter worth about $25,000. Quarry LP purchased a new position in Green Dot during the second quarter worth about $32,000. Headlands Technologies LLC raised its stake in Green Dot by 44.3% during the second quarter. Headlands Technologies LLC now owns 3,957 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 1,214 shares during the period. Torno Capital LLC purchased a new position in Green Dot during the second quarter worth about $38,000. Finally, Versor Investments LP purchased a new position in Green Dot during the second quarter worth about $105,000. 92.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.