Green Dot Co. (NYSE:GDOT) Insider Sells $2,605,804.20 in Stock

Green Dot Co. (NYSE:GDOT - Get Free Report) insider Topline Capital Management, Ll sold 247,230 shares of the stock in a transaction on Friday, December 27th. The shares were sold at an average price of $10.54, for a total value of $2,605,804.20. Following the completion of the transaction, the insider now directly owns 6,088,737 shares in the company, valued at approximately $64,175,287.98. This trade represents a 3.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Topline Capital Management, Ll also recently made the following trade(s):

• On Monday, December 30th, Topline Capital Management, Ll sold 380,611 shares of Green Dot stock. The shares were sold at an average price of $10.44, for a total value of $3,973,578.84.

Green Dot Trading Up 1.9 %

NYSE:GDOT traded up $0.20 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 firm has a market cap of $572.29 million, a PE ratio of -10.13 and a beta of 0.90. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 0.52. The business's 50-day moving average price is $10.94 and its two-hundred day moving average price is $10.63. Green Dot Co. has a 1-year low of $7.70 and a 1-year high of $13.58.

Institutional Trading of Green Dot

A number of large investors have recently bought and sold shares of GDOT. Headlands Technologies LLC increased its holdings 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 worth $37,000 after purchasing an additional 1,214 shares in the last quarter. Point72 Asset Management L.P. boosted its position in shares of Green Dot by 7.3% during the second quarter. Point72 Asset Management L.P. now owns 21,130 shares of the financial services provider's stock worth $200,000 after buying an additional 1,430 shares during the period. Amalgamated Bank grew its holdings in shares of Green Dot by 14.0% during the third quarter. Amalgamated Bank now owns 15,607 shares of the financial services provider's stock worth $183,000 after buying an additional 1,920 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Green Dot by 12.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,125 shares of the financial services provider's stock valued at $200,000 after buying an additional 2,331 shares during the last quarter. Finally, nVerses Capital LLC bought a new stake in Green Dot in the 2nd quarter valued at approximately $25,000. 92.56% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GDOT. Barclays raised their target price on Green Dot from $7.00 to $10.00 and gave the stock an "underweight" rating in a report on Monday, September 23rd. Craig Hallum boosted 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 analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $10.75.

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.