Topline Capital Management, Ll Sells 247,230 Shares of Green Dot Co. (NYSE:GDOT) Stock

Green Dot Co. (NYSE:GDOT) insider Topline Capital Management, Ll sold 247,230 shares of Green Dot stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $10.54, for a total value of $2,605,804.20. Following the sale, the insider now directly owns 6,088,737 shares of the company’s stock, valued at $64,175,287.98. This trade represents a 3.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, December 30th, Topline Capital Management, Ll sold 380,611 shares of Green Dot stock. The stock was sold at an average price of $10.44, for a total value of $3,973,578.84.

Green Dot Price Performance

GDOT opened at $10.64 on Thursday. The stock’s 50-day moving average price is $10.92 and its 200 day moving average price is $10.63. Green Dot Co. has a 12-month low of $7.70 and a 12-month high of $13.58. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05. The firm has a market cap of $572.29 million, a price-to-earnings ratio of -10.13 and a beta of 0.90.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Green Dot

Several hedge funds have recently bought and sold shares of GDOT. American Century Companies Inc. lifted its stake in Green Dot by 79.0% during the 2nd quarter. American Century Companies Inc. now owns 322,692 shares of the financial services provider’s stock worth $3,049,000 after acquiring an additional 142,377 shares in the last quarter. State Street Corp lifted its stake in Green Dot by 5.6% during the 3rd quarter. State Street Corp now owns 2,520,389 shares of the financial services provider’s stock worth $29,514,000 after acquiring an additional 133,200 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its position in Green Dot by 24.9% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 525,377 shares of the financial services provider’s stock valued at $4,965,000 after purchasing an additional 104,829 shares in the last quarter. Geode Capital Management LLC raised its position in Green Dot by 9.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,222,996 shares of the financial services provider’s stock valued at $14,324,000 after purchasing an additional 101,008 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Green Dot by 17.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 544,166 shares of the financial services provider’s stock valued at $5,142,000 after purchasing an additional 82,022 shares in the last quarter. Institutional investors and hedge funds 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.