Green Dot Co. (NYSE:GDOT) Sees Significant Growth in Short Interest

Green Dot Co. (NYSE:GDOT - Get Free Report) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 2,130,000 shares, an increase of 8.7% from the January 15th total of 1,960,000 shares. Approximately 4.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 511,400 shares, the short-interest ratio is presently 4.2 days.

Insiders Place Their Bets

In other news, major shareholder Topline Capital Partners, Lp sold 331,339 shares of the company's stock in a transaction 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 owns 5,376,787 shares of the company's stock, valued at approximately $56,671,334.98. This represents a 5.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Topline Capital Management, Ll sold 247,230 shares of the company's stock in a transaction 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 $64,175,287.98. This trade represents a 3.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 959,180 shares of company stock valued at $10,071,696 in the last quarter. Corporate insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On Green Dot

Institutional investors have recently made changes to their positions in the business. Meeder Asset Management Inc. purchased a new stake in Green Dot during the 4th quarter valued at $44,000. KLP Kapitalforvaltning AS purchased a new stake in Green Dot during the 4th quarter valued at $84,000. Caxton Associates LP purchased a new stake in Green Dot during the 4th quarter valued at $121,000. New York State Common Retirement Fund boosted its position in Green Dot by 63.1% during 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 buying an additional 4,600 shares during the period. Finally, Polymer Capital Management US LLC purchased a new stake in Green Dot during the 4th quarter valued at $131,000. Hedge funds and other institutional investors own 92.56% of the company's stock.

Green Dot Trading Down 5.6 %

Shares of Green Dot stock traded down $0.50 during trading on Friday, reaching $8.50. The company's stock had a trading volume of 431,575 shares, compared to its average volume of 448,237. Green Dot has a 52-week low of $7.70 and a 52-week high of $13.58. The company has a market cap of $457.00 million, a price-to-earnings ratio of -8.09 and a beta of 0.90. The firm's 50-day moving average is $9.54 and its two-hundred day moving average is $10.54. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.05.

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.