Green Dot Co. (NYSE:GDOT) Short Interest Up 29.7% in October

Green Dot Co. (NYSE:GDOT - Get Free Report) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 2,050,000 shares, a growth of 29.7% from the September 30th total of 1,580,000 shares. Approximately 4.0% of the company's shares are short sold. Based on an average daily volume of 409,100 shares, the short-interest ratio is presently 5.0 days.

Insider Buying and Selling

In related news, insider Topline Capital Management, Ll purchased 36,671 shares of the company's stock in a transaction that occurred on Monday, September 23rd. The stock was purchased at an average price of $12.49 per share, with a total value of $458,020.79. Following the completion of the transaction, the insider now owns 5,995,422 shares of the company's stock, valued at approximately $74,882,820.78. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Green Dot news, major shareholder Topline Capital Partners, Lp acquired 162,243 shares of the company's stock in a transaction dated Tuesday, September 24th. The stock was bought at an average price of $11.87 per share, with a total value of $1,925,824.41. Following the completion of the transaction, the insider now directly owns 6,157,665 shares of the company's stock, valued at approximately $73,091,483.55. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Topline Capital Management, Ll acquired 36,671 shares of the company's stock in a transaction dated Monday, September 23rd. The stock was acquired at an average cost of $12.49 per share, with a total value of $458,020.79. Following the transaction, the insider now directly owns 5,995,422 shares of the company's stock, valued at approximately $74,882,820.78. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of GDOT. Kent Lake Capital LLC bought a new stake in Green Dot in the 1st quarter valued at about $7,464,000. Bank of New York Mellon Corp increased its position in shares of Green Dot by 17.7% in 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 acquiring an additional 82,022 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its position in shares of Green Dot by 24.9% in the second quarter. Thompson Siegel & Walmsley LLC now owns 525,377 shares of the financial services provider's stock worth $4,965,000 after acquiring an additional 104,829 shares in the last quarter. SG Capital Management LLC purchased a new position in shares of Green Dot in the first quarter worth approximately $4,254,000. Finally, American Century Companies Inc. increased its position in shares of Green Dot by 79.0% in the second quarter. American Century Companies Inc. now owns 322,692 shares of the financial services provider's stock worth $3,049,000 after acquiring an additional 142,377 shares in the last quarter. 92.56% of the stock is owned by institutional investors and hedge funds.

Green Dot Trading Up 4.9 %

GDOT stock traded up $0.57 during mid-day trading on Monday, hitting $12.01. 464,198 shares of the company were exchanged, compared to its average volume of 547,592. The company has a market capitalization of $638.79 million, a PE ratio of -25.54 and a beta of 0.92. Green Dot has a twelve month low of $7.30 and a twelve month high of $12.99. The firm has a fifty day simple moving average of $11.38 and a 200 day simple moving average of $10.17.

Green Dot (NYSE:GDOT - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $407.10 million during the quarter, compared to analyst estimates of $381.87 million. Green Dot had a negative net margin of 3.41% and a positive return on equity of 4.01%. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period last year, the business earned $0.20 EPS. As a group, sell-side analysts anticipate that Green Dot will post 1 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GDOT shares. Barclays raised their price target on shares of Green Dot from $7.00 to $10.00 and gave the company an "underweight" rating in a report on Monday, September 23rd. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $11.00 price target on shares of Green Dot in a report on Monday, July 22nd. Finally, Craig Hallum raised their price target 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 investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus 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.