Quantbot Technologies LP boosted its position in shares of Green Dot Co. (NYSE:GDOT - Free Report) by 104.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,800 shares of the financial services provider's stock after acquiring an additional 32,050 shares during the period. Quantbot Technologies LP owned approximately 0.12% of Green Dot worth $668,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in GDOT. New York State Common Retirement Fund raised its position in Green Dot by 63.1% in the fourth quarter. New York State Common Retirement Fund now owns 11,892 shares of the financial services provider's stock worth $127,000 after purchasing an additional 4,600 shares in the last quarter. Intech Investment Management LLC raised its holdings 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 worth $234,000 after buying an additional 4,977 shares in the last quarter. Illinois Municipal Retirement Fund lifted its position in shares of Green Dot by 12.2% during the 4th quarter. Illinois Municipal Retirement Fund now owns 27,070 shares of the financial services provider's stock worth $288,000 after buying an additional 2,954 shares during the period. Proficio Capital Partners LLC acquired a new stake in Green Dot in the 4th quarter valued at $294,000. Finally, Amundi grew its position in Green Dot by 209.4% in the fourth quarter. Amundi now owns 27,754 shares of the financial services provider's stock valued at $295,000 after acquiring an additional 18,783 shares during the period. Institutional investors and hedge funds own 92.56% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the stock. Keefe, Bruyette & Woods decreased their price objective 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 for the company in a research report on Friday, March 14th. Finally, Barclays reduced their target price on shares of Green Dot from $10.00 to $7.00 and set an "underweight" rating on the stock in a research report on Monday, March 3rd.
Check Out Our Latest Analysis on GDOT
Insider Transactions at Green Dot
In other Green Dot news, major shareholder Topline Capital Partners, Lp sold 331,339 shares of the 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 sale, the insider now directly owns 5,376,787 shares in the company, valued at approximately $56,671,334.98. This trade represents a 5.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.10% of the stock is owned by corporate insiders.
Green Dot Trading Up 0.8 %
Shares of GDOT traded up $0.07 during trading hours on Monday, hitting $8.43. 751,848 shares of the stock traded hands, compared to its average volume of 587,127. The business has a fifty day moving average of $8.31 and a 200-day moving average of $9.99. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $456.89 million, a PE ratio of -8.02 and a beta of 1.06. Green Dot Co. has a 1-year low of $6.12 and a 1-year high of $13.58.
About Green Dot
(
Free Report)
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.
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