Atom Investors LP Decreases Stock Position in Green Dot Co. (NYSE:GDOT)

Atom Investors LP lowered its stake in Green Dot Co. (NYSE:GDOT - Free Report) by 61.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 83,787 shares of the financial services provider's stock after selling 134,604 shares during the period. Atom Investors LP owned 0.16% of Green Dot worth $981,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. American Century Companies Inc. boosted its holdings in shares of 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 buying an additional 142,377 shares during the period. Thompson Siegel & Walmsley LLC boosted its stake in Green Dot by 24.9% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 525,377 shares of the financial services provider's stock worth $4,965,000 after acquiring an additional 104,829 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Green Dot by 17.7% in the second 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 buying an additional 82,022 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Green Dot in the second quarter valued at approximately $685,000. Finally, Marshall Wace LLP acquired a new position in Green Dot during the second quarter worth $304,000. Institutional investors own 92.56% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GDOT. Barclays boosted their target price 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 objective on Green Dot from $10.00 to $11.00 and gave the company a "hold" rating in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $10.75.

Insider Transactions at Green Dot

In related news, major shareholder Topline Capital Partners, Lp purchased 162,243 shares of Green Dot stock in a transaction dated Tuesday, September 24th. The stock was purchased at an average cost of $11.87 per share, with a total value of $1,925,824.41. Following the transaction, the insider now owns 6,157,665 shares in the company, valued at approximately $73,091,483.55. The trade was a 2.71 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Topline Capital Management, Ll purchased 36,671 shares of Green Dot stock in a transaction dated Monday, September 23rd. The stock was bought at an average cost of $12.49 per share, with a total value of $458,020.79. Following the completion of the transaction, the insider now owns 5,995,422 shares in the company, valued at approximately $74,882,820.78. This represents a 0.62 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 334,037 shares of company stock valued at $3,862,091 over the last quarter. 1.10% of the stock is currently owned by company insiders.

Green Dot Trading Up 0.9 %

GDOT stock traded up $0.09 during midday trading on Wednesday, hitting $10.37. The company had a trading volume of 429,458 shares, compared to its average volume of 543,296. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05. Green Dot Co. has a 52 week low of $7.70 and a 52 week high of $13.58. The stock's 50 day moving average price is $11.16 and its 200 day moving average price is $10.51. The stock has a market cap of $557.80 million, a price-to-earnings ratio of -9.88 and a beta of 0.90.

Green Dot 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.