Barclays PLC Raises Stock Holdings in Green Dot Co. (NYSE:GDOT)

Barclays PLC boosted its position in Green Dot Co. (NYSE:GDOT - Free Report) by 342.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 88,504 shares of the financial services provider's stock after purchasing an additional 68,481 shares during the period. Barclays PLC owned about 0.16% of Green Dot worth $1,036,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. American Century Companies Inc. raised its stake 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 purchasing an additional 142,377 shares during the period. FMR LLC increased its holdings in Green Dot by 62.8% during the third quarter. FMR LLC now owns 43,835 shares of the financial services provider's stock worth $513,000 after buying an additional 16,917 shares during the last quarter. Quest Partners LLC bought a new stake in Green Dot in the second quarter worth about $685,000. Principal Financial Group Inc. boosted its stake in Green Dot by 11.8% in the third quarter. Principal Financial Group Inc. now owns 253,130 shares of the financial services provider's stock valued at $2,964,000 after acquiring an additional 26,676 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its position in shares of 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 valued at $4,965,000 after acquiring an additional 104,829 shares during the period. Institutional investors own 92.56% of the company's stock.

Green Dot Price Performance

NYSE GDOT traded up $0.20 on Tuesday, hitting $10.64. The stock had a trading volume of 993,654 shares, compared to its average volume of 547,047. The firm has a 50-day moving average of $10.95 and a 200-day moving average of $10.62. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 0.52. Green Dot Co. has a 52-week low of $7.70 and a 52-week high of $13.58. The company has a market capitalization of $572.29 million, a price-to-earnings ratio of -10.13 and a beta of 0.90.

Insider Transactions at Green Dot

In related news, insider Topline Capital Management, Ll sold 380,611 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $10.44, for a total transaction of $3,973,578.84. Following the transaction, the insider now owns 5,708,126 shares of the company's stock, valued at approximately $59,592,835.44. This trade represents a 6.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Topline Capital Partners, Lp sold 331,339 shares of the business's stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $10.54, for a total transaction of $3,492,313.06. Following the completion of the sale, the insider now directly owns 5,376,787 shares of the company's stock, valued at $56,671,334.98. This represents a 5.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 959,180 shares of company stock valued at $10,071,696. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on GDOT shares. Craig Hallum lifted their price target 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 upped 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $10.75.

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.