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

Green Dot Co. (NYSE:GDOT) insider Topline Capital Management, Ll sold 247,230 shares of the company’s 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 owns 6,088,737 shares of the company’s stock, valued at $64,175,287.98. This represents a 3.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 Stock Up 1.9 %

Shares of GDOT traded up $0.20 during mid-day trading on Tuesday, reaching $10.64. 993,654 shares of the stock traded hands, compared to its average volume of 547,047. The firm has a market cap of $572.29 million, a price-to-earnings ratio of -10.13 and a beta of 0.90. The stock has a fifty day simple moving average of $10.95 and a 200 day simple moving average of $10.62. 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.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GDOT. Barclays lifted their price target on shares of 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 upped their price target on shares of Green Dot from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Green Dot currently has an average rating of “Hold” and a consensus price target of $10.75.

Institutional Investors Weigh In On Green Dot

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new stake in Green Dot during the 2nd quarter valued at approximately $25,000. Quarry LP bought a new stake in shares of Green Dot in the second quarter worth $32,000. Headlands Technologies LLC raised its holdings in Green Dot by 44.3% in the second 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 in the last quarter. Torno Capital LLC bought a new position in Green Dot during the 2nd quarter valued at $38,000. Finally, Versor Investments LP acquired a new position in Green Dot during the 2nd quarter worth $105,000. Hedge funds and other institutional investors own 92.56% of the company’s stock.

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.