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

Green Dot Co. (NYSE:GDOT) major shareholder Topline Capital Partners, Lp sold 331,339 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $10.54, for a total value of $3,492,313.06. Following the sale, the insider now directly owns 5,376,787 shares in the company, valued at approximately $56,671,334.98. The trade was a 5.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large 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 Friday, November 8th, Topline Capital Partners, Lp purchased 135,123 shares of Green Dot stock. The shares were purchased at an average price of $10.94 per share, for a total transaction of $1,478,245.62.

Green Dot Trading Down 0.7 %

Shares of NYSE GDOT opened at $10.57 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.05. Green Dot Co. has a 12 month low of $7.70 and a 12 month high of $13.58. The company has a market cap of $568.53 million, a price-to-earnings ratio of -10.07 and a beta of 0.90. The business has a fifty day simple moving average of $10.90 and a 200-day simple moving average of $10.63.

Institutional Trading of Green Dot

Several institutional investors and hedge funds have recently bought and sold shares of GDOT. nVerses Capital LLC purchased a new position in shares of Green Dot in the second quarter worth approximately $25,000. Quarry LP purchased a new position in Green Dot during the 2nd quarter worth approximately $32,000. Headlands Technologies LLC raised its stake in Green Dot by 44.3% during the 2nd quarter. Headlands Technologies LLC now owns 3,957 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 1,214 shares during the period. Torno Capital LLC purchased a new stake in shares of Green Dot in the second quarter valued at $38,000. Finally, Versor Investments LP acquired a new stake in shares of Green Dot in the second quarter worth $105,000. Institutional investors and hedge funds own 92.56% of the company’s stock.

Analysts Set New Price Targets

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