Green Dot Co. (NYSE:GDOT - Get Free Report) insider Topline Capital Management, Ll sold 380,611 shares of the company's stock in a transaction on Monday, December 30th. The stock was sold at an average price of $10.44, for a total transaction of $3,973,578.84. Following the sale, the insider now directly owns 5,708,126 shares of the company's stock, valued at approximately $59,592,835.44. This represents a 6.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Topline Capital Management, Ll also recently made the following trade(s):
Shares of NYSE:GDOT traded up $0.20 on Tuesday, hitting $10.64. 993,654 shares of the company were exchanged, compared to its average volume of 547,047. The company's 50 day moving average price is $10.95 and its two-hundred day moving average price is $10.62. The firm has a market capitalization of $572.29 million, a price-to-earnings ratio of -10.13 and a beta of 0.90. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 0.52. Green Dot Co. has a one year low of $7.70 and a one year high of $13.58.
Several equities research analysts have recently issued reports on GDOT shares. Barclays raised their price target on Green Dot from $7.00 to $10.00 and gave the company an "underweight" rating in a research report on Monday, September 23rd. Craig Hallum lifted their price target on Green Dot from $10.00 to $11.00 and gave the stock a "hold" rating in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Green Dot has a consensus rating of "Hold" and an average target price of $10.75.
Get Our Latest Report on GDOT
Several institutional investors and hedge funds have recently added to or reduced their stakes in GDOT. nVerses Capital LLC bought a new stake in Green Dot in the 2nd quarter valued at $25,000. Quarry LP acquired a new stake in shares of Green Dot during the 2nd quarter valued at about $32,000. Headlands Technologies LLC boosted its position in shares of Green Dot by 44.3% during the 2nd quarter. Headlands Technologies LLC now owns 3,957 shares of the financial services provider's stock valued at $37,000 after acquiring an additional 1,214 shares in the last quarter. Torno Capital LLC bought a new stake in Green Dot in the second quarter valued at about $38,000. Finally, Versor Investments LP acquired a new position in Green Dot in the second quarter worth about $105,000. 92.56% of the stock is currently owned by institutional investors.
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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