Green Dot Co. (NYSE:GDOT) Insider Topline Capital Management, Ll Sells 380,611 Shares

Green Dot Co. (NYSE:GDOT) insider Topline Capital Management, Ll sold 380,611 shares of Green Dot stock in a transaction on Monday, December 30th. The shares were sold at an average price of $10.44, for a total value of $3,973,578.84. Following the transaction, the insider now owns 5,708,126 shares in the company, valued at $59,592,835.44. This trade represents a 6.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Friday, December 27th, Topline Capital Management, Ll sold 247,230 shares of Green Dot stock. The stock was sold at an average price of $10.54, for a total value of $2,605,804.20.

Green Dot Trading Down 0.7 %

GDOT stock opened at $10.57 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.52 and a quick ratio of 0.52. Green Dot Co. has a 1-year low of $7.70 and a 1-year high of $13.58. The business has a 50 day simple moving average of $10.90 and a two-hundred day simple moving average of $10.63. The company has a market capitalization of $568.53 million, a price-to-earnings ratio of -10.07 and a beta of 0.90.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on GDOT shares. Craig Hallum increased their target price on shares of Green Dot from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Barclays increased their price objective on shares of Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a research note on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Green Dot has an average rating of “Hold” and an average target price of $10.75.

Hedge Funds Weigh In On Green Dot

Hedge funds and other institutional investors have recently modified their holdings of the stock. Headlands Technologies LLC increased its holdings in Green Dot by 44.3% in the 2nd quarter. Headlands Technologies LLC now owns 3,957 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 1,214 shares during the last quarter. Point72 Asset Management L.P. grew its position in shares of Green Dot by 7.3% during the second quarter. Point72 Asset Management L.P. now owns 21,130 shares of the financial services provider’s stock valued at $200,000 after purchasing an additional 1,430 shares in the last quarter. Amalgamated Bank increased its holdings in shares of Green Dot by 14.0% in the third quarter. Amalgamated Bank now owns 15,607 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 1,920 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Green Dot by 12.4% in the second quarter. The Manufacturers Life Insurance Company now owns 21,125 shares of the financial services provider’s stock worth $200,000 after buying an additional 2,331 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in Green Dot during the second quarter valued at approximately $25,000. Institutional investors own 92.56% of the company’s stock.

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.