Topline Capital Partners, Lp Sells 331,339 Shares of Green Dot Co. (NYSE:GDOT) Stock

Green Dot Co. (NYSE:GDOT - Get Free Report) major shareholder Topline Capital Partners, Lp sold 331,339 shares of the business's stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $10.54, for a total value of $3,492,313.06. Following the completion of the sale, the insider now directly owns 5,376,787 shares of the company's stock, valued at approximately $56,671,334.98. The trade was a 5.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Topline Capital Partners, Lp also recently made the following trade(s):

• On Friday, November 8th, Topline Capital Partners, Lp purchased 135,123 shares of Green Dot stock. The shares were acquired at an average price of $10.94 per share, for a total transaction of $1,478,245.62.

Green Dot Stock Performance

Shares of NYSE GDOT traded up $0.20 during trading hours on Tuesday, hitting $10.64. 993,654 shares of the stock were exchanged, compared to its average volume of 547,047. The firm has a market capitalization of $572.29 million, a P/E ratio of -10.13 and a beta of 0.90. Green Dot Co. has a one year low of $7.70 and a one year high of $13.58. 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 moving average is $10.94 and its 200 day moving average is $10.63.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GDOT. Barclays upped their price objective 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 upped their price target 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 analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $10.75.

Institutional Investors Weigh In On Green Dot

A number of hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of Green Dot by 31.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 331,802 shares of the financial services provider's stock worth $3,885,000 after purchasing an additional 78,547 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Green Dot by 11.8% during the third quarter. Principal Financial Group Inc. now owns 253,130 shares of the financial services provider's stock worth $2,964,000 after buying an additional 26,676 shares during the last quarter. Barclays PLC boosted its position in shares of Green Dot by 342.0% in the third quarter. Barclays PLC now owns 88,504 shares of the financial services provider's stock valued at $1,036,000 after acquiring an additional 68,481 shares during the period. Geode Capital Management LLC grew its stake in shares of Green Dot by 9.0% in the third quarter. Geode Capital Management LLC now owns 1,222,996 shares of the financial services provider's stock worth $14,324,000 after acquiring an additional 101,008 shares during the last quarter. Finally, State Street Corp increased its position in Green Dot by 5.6% during the third quarter. State Street Corp now owns 2,520,389 shares of the financial services provider's stock worth $29,514,000 after acquiring an additional 133,200 shares during the period. 92.56% of the stock is currently owned by institutional investors.

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.