Green Dot Co. (NYSE:GDOT) Shares Sold by AMH Equity Ltd

AMH Equity Ltd lessened its position in shares of Green Dot Co. (NYSE:GDOT - Free Report) by 88.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,000 shares of the financial services provider's stock after selling 88,000 shares during the quarter. AMH Equity Ltd's holdings in Green Dot were worth $128,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in GDOT. Louisiana State Employees Retirement System grew its stake in Green Dot by 13.0% during the 3rd quarter. Louisiana State Employees Retirement System now owns 26,000 shares of the financial services provider's stock valued at $304,000 after purchasing an additional 3,000 shares during the last quarter. State of Alaska Department of Revenue grew its stake in Green Dot by 14.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 30,650 shares of the financial services provider's stock valued at $358,000 after purchasing an additional 3,783 shares during the last quarter. Amalgamated Bank grew its stake in Green Dot by 14.0% during the 3rd quarter. Amalgamated Bank now owns 15,607 shares of the financial services provider's stock valued at $183,000 after purchasing an additional 1,920 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Green Dot by 11.8% in the 3rd quarter. Principal Financial Group Inc. now owns 253,130 shares of the financial services provider's stock valued at $2,964,000 after buying an additional 26,676 shares during the period. Finally, Empowered Funds LLC lifted its holdings in shares of Green Dot by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 176,438 shares of the financial services provider's stock valued at $2,066,000 after buying an additional 8,978 shares during the period. Hedge funds and other institutional investors own 92.56% of the company's stock.

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Insiders Place Their Bets

In other Green Dot news, major shareholder Topline Capital Partners, Lp sold 331,339 shares of the firm's stock in a transaction 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 $56,671,334.98. This trade represents a 5.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Topline Capital Management, Ll sold 247,230 shares of the firm'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 transaction, the insider now directly owns 6,088,737 shares in the company, valued at approximately $64,175,287.98. The trade was a 3.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 959,180 shares of company stock worth $10,071,696 over the last ninety days. Corporate insiders own 1.10% of the company's stock.

Green Dot Price Performance

Shares of GDOT stock traded down $0.50 during trading hours on Friday, reaching $7.67. The company had a trading volume of 1,563,377 shares, compared to its average volume of 483,910. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a fifty day moving average of $9.28 and a 200-day moving average of $10.51. The company has a market capitalization of $412.76 million, a price-to-earnings ratio of -7.31 and a beta of 0.90. Green Dot Co. has a 12-month low of $6.97 and a 12-month high of $13.58.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods decreased their price objective on Green Dot from $12.00 to $10.00 and set a "market perform" rating for the company in a report on Friday.

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.