Barclays PLC Buys 68,481 Shares of Green Dot Co. (NYSE:GDOT)

Barclays PLC grew its stake in shares of Green Dot Co. (NYSE:GDOT - Free Report) by 342.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,504 shares of the financial services provider's stock after buying an additional 68,481 shares during the period. Barclays PLC owned 0.16% of Green Dot worth $1,036,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Quarry LP bought a new stake in Green Dot during the second quarter valued at about $32,000. Headlands Technologies LLC raised its stake in Green Dot by 44.3% during the 2nd quarter. Headlands Technologies LLC now owns 3,957 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 1,214 shares during the period. Torno Capital LLC purchased a new position in Green Dot in the 2nd quarter worth approximately $38,000. Intech Investment Management LLC bought a new position in Green Dot in the 2nd quarter worth approximately $142,000. Finally, Magnetar Financial LLC purchased a new stake in Green Dot during the 2nd quarter valued at approximately $152,000. 92.56% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Barclays boosted their target price on shares of Green Dot from $7.00 to $10.00 and gave the stock an "underweight" rating in a report on Monday, September 23rd. Craig Hallum increased their price objective on shares of Green Dot from $10.00 to $11.00 and gave the company a "hold" rating in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $10.75.

Green Dot Price Performance

Shares of NYSE GDOT traded up $0.08 during midday trading on Wednesday, reaching $9.09. 241,276 shares of the stock traded hands, compared to its average volume of 496,191. The company's 50 day moving average is $10.54 and its 200 day moving average is $10.65. Green Dot Co. has a one year low of $7.70 and a one year high of $13.58. The stock has a market capitalization of $488.92 million, a PE ratio of -8.66 and a beta of 0.89. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.52 and a quick ratio of 0.52.

Insider Buying and Selling at Green Dot

In other news, insider Topline Capital Management, Ll sold 380,611 shares of the business's stock in a transaction that occurred on Monday, December 30th. The stock was 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. The trade was a 6.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Topline Capital Partners, Lp purchased 135,123 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was bought at an average price of $10.94 per share, with a total value of $1,478,245.62. Following the completion of the transaction, the insider now owns 6,292,788 shares of the company's stock, valued at $68,843,100.72. The trade was a 2.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 959,180 shares of company stock worth $10,071,696 over the last 90 days. 1.10% of the stock is owned by insiders.

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.