Green Dot Co. (NYSE:GDOT) Major Shareholder Topline Capital Partners, Lp Acquires 135,123 Shares of Stock

Green Dot Co. (NYSE:GDOT) major shareholder Topline Capital Partners, Lp acquired 135,123 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was purchased at an average price of $10.94 per share, with a total value of $1,478,245.62. Following the acquisition, the insider now owns 6,292,788 shares of the company’s stock, valued at approximately $68,843,100.72. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock 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 purchased 162,243 shares of Green Dot stock. The stock was acquired at an average cost of $11.87 per share, with a total value of $1,925,824.41.

Green Dot Stock Performance

Shares of GDOT opened at $11.39 on Wednesday. The firm has a market cap of $611.78 million, a PE ratio of -10.85 and a beta of 0.91. The firm’s 50 day moving average price is $11.53 and its 200 day moving average price is $10.41. Green Dot Co. has a twelve month low of $7.34 and a twelve month high of $13.58.

Institutional Trading of Green Dot

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its position in Green Dot by 41.4% during the first quarter. BNP Paribas Financial Markets now owns 157,703 shares of the financial services provider’s stock worth $1,471,000 after purchasing an additional 46,179 shares during the period. Quantbot Technologies LP boosted its holdings in shares of Green Dot by 10.3% during the 1st quarter. Quantbot Technologies LP now owns 73,271 shares of the financial services provider’s stock worth $684,000 after buying an additional 6,866 shares during the period. Empowered Funds LLC grew its stake in Green Dot by 8.2% in the 1st quarter. Empowered Funds LLC now owns 155,400 shares of the financial services provider’s stock valued at $1,450,000 after buying an additional 11,725 shares during the last quarter. Illinois Municipal Retirement Fund raised its holdings in Green Dot by 6.4% in the 1st quarter. Illinois Municipal Retirement Fund now owns 26,954 shares of the financial services provider’s stock worth $251,000 after acquiring an additional 1,615 shares during the period. Finally, Headlands Technologies LLC lifted its position in Green Dot by 89.2% during the 1st quarter. Headlands Technologies LLC now owns 2,743 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 1,293 shares during the last quarter. Institutional investors and hedge funds own 92.56% of the company’s stock.

Wall Street Analysts Forecast Growth

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