Green Dot Co. (NYSE:GDOT) Insider Sells $3,973,578.84 in Stock

Green Dot Co. (NYSE:GDOT - Get Free Report) insider Topline Capital Management, Ll sold 380,611 shares of the business's stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $10.44, for a total value of $3,973,578.84. Following the transaction, the insider now directly owns 5,708,126 shares in the company, valued at $59,592,835.44. This trade represents a 6.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Friday, December 27th, Topline Capital Management, Ll sold 247,230 shares of Green Dot stock. The shares were sold at an average price of $10.54, for a total transaction of $2,605,804.20.

Green Dot Stock Up 1.9 %

Shares of GDOT traded up $0.20 during midday trading on Tuesday, hitting $10.64. The company had a trading volume of 993,654 shares, compared to its average volume of 547,047. The stock has a market cap of $572.29 million, a price-to-earnings ratio of -10.13 and a beta of 0.90. The company's 50 day moving average price is $10.94 and its 200 day moving average price is $10.63. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.05. Green Dot Co. has a 52 week low of $7.70 and a 52 week high of $13.58.

Hedge Funds Weigh In On Green Dot

A number of hedge funds have recently bought and sold shares of GDOT. Bank of New York Mellon Corp lifted its stake in Green Dot by 17.7% during the second quarter. Bank of New York Mellon Corp now owns 544,166 shares of the financial services provider's stock worth $5,142,000 after purchasing an additional 82,022 shares during the last quarter. nVerses Capital LLC bought a new position in shares of Green Dot in the 2nd quarter worth about $25,000. Versor Investments LP acquired a new position in shares of Green Dot in the 2nd quarter valued at about $105,000. Rhumbline Advisers grew its position in shares of Green Dot by 5.6% during the 2nd quarter. Rhumbline Advisers now owns 158,748 shares of the financial services provider's stock valued at $1,500,000 after buying an additional 8,392 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in Green Dot during the second quarter worth about $685,000. 92.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on GDOT shares. Craig Hallum upped their price objective on shares of Green Dot from $10.00 to $11.00 and gave the company a "hold" rating in a research report on Friday, October 4th. Barclays increased their price target on Green Dot from $7.00 to $10.00 and gave the company an "underweight" rating in a report on Monday, September 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, Green Dot presently has an average rating of "Hold" and a consensus target price of $10.75.

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.