Green Dot Co. (NYSE:GDOT) Position Trimmed by AlphaQuest LLC

AlphaQuest LLC lowered its position in Green Dot Co. (NYSE:GDOT - Free Report) by 78.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,080 shares of the financial services provider's stock after selling 50,816 shares during the quarter. AlphaQuest LLC's holdings in Green Dot were worth $150,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Amalgamated Bank lifted its holdings in Green Dot by 14.0% in the 3rd 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. Illinois Municipal Retirement Fund raised its stake in shares of Green Dot by 12.2% in the 4th quarter. Illinois Municipal Retirement Fund now owns 27,070 shares of the financial services provider's stock valued at $288,000 after purchasing an additional 2,954 shares in the last quarter. Martingale Asset Management L P raised its stake in shares of Green Dot by 3.7% in the 3rd quarter. Martingale Asset Management L P now owns 93,596 shares of the financial services provider's stock valued at $1,096,000 after purchasing an additional 3,300 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Green Dot by 63.1% in the 4th 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 in the last quarter. Finally, Intech Investment Management LLC raised its stake 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 purchasing an additional 4,977 shares in the last quarter. Institutional investors and hedge funds own 92.56% of the company's stock.

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Green Dot Stock Performance

NYSE GDOT traded up $0.23 on Friday, hitting $7.84. The stock had a trading volume of 10,893,702 shares, compared to its average volume of 550,610. Green Dot Co. has a one year low of $6.12 and a one 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. The stock has a market cap of $424.89 million, a price-to-earnings ratio of -7.46 and a beta of 1.06. The company's 50-day moving average is $8.41 and its two-hundred day moving average is $10.14.

Wall Street Analysts Forecast Growth

GDOT has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods cut their target price on shares of Green Dot from $12.00 to $10.00 and set a "market perform" rating on the stock in a research note 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 note on Friday, March 14th. Finally, Barclays dropped 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.

Insiders Place Their Bets

In other Green Dot news, major shareholder Topline Capital Partners, Lp sold 331,339 shares of the company's stock in a transaction dated 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 transaction, the insider now owns 5,376,787 shares in the company, valued at approximately $56,671,334.98. This represents a 5.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 transaction, the insider now owns 6,088,737 shares of the company's stock, valued at $64,175,287.98. This trade represents a 3.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 959,180 shares of company stock worth $10,071,696. Insiders own 1.10% of the company's stock.

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.