Charles Schwab Investment Management Inc. reduced its position in Green Dot Co. (NYSE:GDOT - Free Report) by 12.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 640,654 shares of the financial services provider's stock after selling 93,881 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.19% of Green Dot worth $6,817,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. New York State Common Retirement Fund lifted its position in Green Dot by 63.1% in the fourth quarter. New York State Common Retirement Fund now owns 11,892 shares of the financial services provider's stock valued at $127,000 after purchasing an additional 4,600 shares during the period. Intech Investment Management LLC lifted its holdings in shares of Green Dot by 33.1% in the 3rd quarter. Intech Investment Management LLC now owns 20,007 shares of the financial services provider's stock valued at $234,000 after buying an additional 4,977 shares during the period. Illinois Municipal Retirement Fund grew its holdings in Green Dot by 12.2% during the fourth quarter. Illinois Municipal Retirement Fund now owns 27,070 shares of the financial services provider's stock worth $288,000 after acquiring an additional 2,954 shares during the period. Proficio Capital Partners LLC acquired a new stake in Green Dot in the fourth quarter valued at $294,000. Finally, Quantbot Technologies LP boosted its position in shares of Green Dot by 49.7% during the 3rd quarter. Quantbot Technologies LP now owns 30,750 shares of the financial services provider's stock worth $360,000 after purchasing an additional 10,212 shares in the last quarter. Hedge funds and other institutional investors own 92.56% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods lowered their price target on Green Dot from $12.00 to $10.00 and set a "market perform" rating on the stock in a report on Friday, February 28th. Craig Hallum upgraded shares of Green Dot from a "hold" rating to a "buy" rating and set a $14.00 price objective on the stock in a research report on Friday, March 14th. Finally, Barclays lowered their price objective on shares of Green Dot from $10.00 to $7.00 and set an "underweight" rating on the stock in a research note on Monday, March 3rd.
Read Our Latest Research Report on Green Dot
Green Dot Price Performance
Green Dot stock traded down $0.19 during midday trading on Friday, reaching $8.37. 1,019,243 shares of the company were exchanged, compared to its average volume of 585,933. The firm's 50-day simple moving average is $8.32 and its 200-day simple moving average is $10.02. Green Dot Co. has a 1 year low of $6.12 and a 1 year high of $13.58. The company has a market capitalization of $453.63 million, a price-to-earnings ratio of -7.97 and a beta of 1.06. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 0.52.
Insider Transactions at Green Dot
In other Green Dot news, insider Topline Capital Management, Ll sold 380,611 shares of Green Dot stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $10.44, for a total value of $3,973,578.84. Following the completion of the sale, the insider now owns 5,708,126 shares in the company, valued at $59,592,835.44. The trade was a 6.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Topline Capital Partners, Lp sold 331,339 shares of the stock in a transaction dated 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 transaction, the insider now owns 5,376,787 shares in the company, valued at approximately $56,671,334.98. The trade was a 5.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.
About Green Dot
(
Free Report)
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.
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