Green Dot Co. (NYSE:GDOT) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its stake in Green Dot Co. (NYSE:GDOT - Free Report) by 8.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 734,535 shares of the financial services provider's stock after selling 65,738 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.37% of Green Dot worth $8,601,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. nVerses Capital LLC purchased a new stake in shares of Green Dot in the second quarter valued at $25,000. Nisa Investment Advisors LLC lifted its stake in Green Dot by 162.0% in the second quarter. Nisa Investment Advisors LLC now owns 2,602 shares of the financial services provider's stock worth $25,000 after purchasing an additional 1,609 shares during the last quarter. Quarry LP purchased a new stake in Green Dot in the second quarter worth $32,000. Headlands Technologies LLC increased its stake 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 worth $37,000 after purchasing an additional 1,214 shares during the period. Finally, Torno Capital LLC purchased a new stake in Green Dot in the second quarter worth $38,000. 92.56% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Topline Capital Management, Ll acquired 36,671 shares of Green Dot stock in a transaction that occurred on Monday, September 23rd. The stock was purchased at an average price of $12.49 per share, for a total transaction of $458,020.79. Following the purchase, the insider now directly owns 5,995,422 shares in the company, valued at $74,882,820.78. The trade was a 0.62 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Topline Capital Partners, Lp acquired 162,243 shares of Green Dot stock in a transaction that occurred on Tuesday, September 24th. The shares were purchased at an average price of $11.87 per share, with a total value of $1,925,824.41. Following the purchase, the insider now owns 6,157,665 shares in the company, valued at $73,091,483.55. This represents a 2.71 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 334,037 shares of company stock valued at $3,862,091 over the last 90 days. Corporate insiders own 1.10% of the company's stock.

Analyst Ratings Changes

GDOT has been the subject of a number of research analyst reports. Barclays lifted their price objective on shares of Green Dot from $7.00 to $10.00 and gave the company an "underweight" rating in a report on Monday, September 23rd. Craig Hallum increased their price objective on Green Dot from $10.00 to $11.00 and gave the stock a "hold" rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $10.75.

Green Dot Stock Up 0.6 %

NYSE GDOT traded up $0.07 during trading on Wednesday, reaching $11.00. 438,427 shares of the company's stock traded hands, compared to its average volume of 543,414. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.52 and a quick ratio of 0.52. The company's 50 day simple moving average is $11.09 and its two-hundred day simple moving average is $10.54. Green Dot Co. has a 12-month low of $7.70 and a 12-month high of $13.58. The firm has a market cap of $591.66 million, a price-to-earnings ratio of -10.41 and a beta of 0.90.

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.