Green Dot Co. (NYSE:GDOT) Sees Large Growth in Short Interest

Green Dot Co. (NYSE:GDOT) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 2,130,000 shares, an increase of 8.7% from the January 15th total of 1,960,000 shares. Currently, 4.1% of the shares of the company are short sold. Based on an average daily trading volume, of 511,400 shares, the days-to-cover ratio is presently 4.2 days.

Insiders Place Their Bets

In other Green Dot news, insider Topline Capital Management, Ll sold 247,230 shares of the business’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of $10.54, for a total value of $2,605,804.20. Following the completion of the sale, the insider now directly owns 6,088,737 shares of the company’s stock, valued at $64,175,287.98. The trade was a 3.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Topline Capital Partners, Lp sold 331,339 shares of the company’s 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 transaction, the insider now directly owns 5,376,787 shares of the company’s stock, valued at approximately $56,671,334.98. This trade represents a 5.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 959,180 shares of company stock valued at $10,071,696 in the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GDOT. Topline Capital Management LLC bought a new position in Green Dot during the fourth quarter valued at approximately $57,209,000. Walmart Inc. purchased a new position in shares of Green Dot in the 4th quarter worth $10,374,000. Prudential Financial Inc. grew its stake in shares of Green Dot by 135.9% in the 4th quarter. Prudential Financial Inc. now owns 660,919 shares of the financial services provider’s stock worth $7,032,000 after buying an additional 380,692 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Green Dot by 20.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,114,292 shares of the financial services provider’s stock worth $22,496,000 after acquiring an additional 363,831 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Green Dot by 42.5% in the 4th quarter. American Century Companies Inc. now owns 1,041,034 shares of the financial services provider’s stock worth $11,077,000 after acquiring an additional 310,492 shares during the last quarter. Institutional investors own 92.56% of the company’s stock.

Green Dot Price Performance

Shares of GDOT opened at $9.49 on Tuesday. The firm’s 50-day simple moving average is $9.69 and its two-hundred day simple moving average is $10.56. The stock has a market cap of $510.25 million, a PE ratio of -9.03 and a beta of 0.90. Green Dot has a fifty-two week low of $7.70 and a fifty-two week high of $13.58. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 0.52.

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.