Green Dot Co. (NYSE:GDOT) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its position in Green Dot Co. (NYSE:GDOT - Free Report) by 9.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,222,996 shares of the financial services provider's stock after acquiring an additional 101,008 shares during the period. Geode Capital Management LLC owned about 2.28% of Green Dot worth $14,324,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. nVerses Capital LLC acquired a new stake in Green Dot in the 2nd quarter valued at $25,000. Quarry LP acquired a new stake in shares of Green Dot in the second quarter valued at about $32,000. Headlands Technologies LLC increased its stake in shares of Green Dot by 44.3% during 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 in the last quarter. Torno Capital LLC purchased a new stake in shares of Green Dot during the second quarter worth about $38,000. Finally, Versor Investments LP purchased a new position in Green Dot in the 2nd quarter valued at about $105,000. 92.56% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Green Dot

In other news, major shareholder Topline Capital Partners, Lp bought 135,123 shares of the firm's stock in a transaction on Friday, November 8th. The shares were bought at an average cost of $10.94 per share, for a total transaction of $1,478,245.62. Following the acquisition, the insider now directly owns 6,292,788 shares of the company's stock, valued at $68,843,100.72. This trade represents a 2.19 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Topline Capital Management, Ll sold 247,230 shares of the stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $10.54, for a total transaction of $2,605,804.20. Following the completion of the sale, the insider now directly owns 6,088,737 shares of the company's stock, valued at approximately $64,175,287.98. This trade represents a 3.90 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 959,180 shares of company stock valued at $10,071,696. 1.10% of the stock is currently owned by insiders.

Green Dot Price Performance

GDOT traded up $0.20 during trading on Tuesday, reaching $10.64. The company's stock had a trading volume of 993,654 shares, compared to its average volume of 547,047. The company has a market cap of $572.29 million, a price-to-earnings ratio of -10.13 and a beta of 0.90. The firm has a fifty day simple moving average of $10.95 and a two-hundred day simple moving average of $10.62. Green Dot Co. has a 1 year low of $7.70 and a 1 year high of $13.58. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.05.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on GDOT shares. Barclays boosted their price objective on Green Dot from $7.00 to $10.00 and gave the stock an "underweight" rating in a research note on Monday, September 23rd. Craig Hallum boosted their price target on Green Dot from $10.00 to $11.00 and gave the stock a "hold" rating in a research report on Friday, October 4th. One 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, the stock presently has an average rating of "Hold" and an average target price 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.