Insider Buying: Green Dot Co. (NYSE:GDOT) Major Shareholder Buys 135,123 Shares of Stock

Green Dot Co. (NYSE:GDOT) major shareholder Topline Capital Partners, Lp bought 135,123 shares of the stock in a transaction dated Friday, November 8th. The shares were acquired at an average cost of $10.94 per share, for a total transaction of $1,478,245.62. Following the completion of the acquisition, the insider now directly owns 6,292,788 shares of the company’s stock, valued at approximately $68,843,100.72. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Topline Capital Partners, Lp also recently made the following trade(s):

• On Tuesday, September 24th, Topline Capital Partners, Lp acquired 162,243 shares of Green Dot stock. The shares were bought at an average price of $11.87 per share, for a total transaction of $1,925,824.41.

Green Dot Stock Performance

NYSE:GDOT opened at $11.35 on Thursday. Green Dot Co. has a twelve month low of $7.70 and a twelve month high of $13.58. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.05. The stock’s 50-day simple moving average is $11.53 and its 200 day simple moving average is $10.42. The firm has a market capitalization of $609.61 million, a PE ratio of -10.81 and a beta of 0.91.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets increased its position in Green Dot by 41.4% during the 1st quarter. BNP Paribas Financial Markets now owns 157,703 shares of the financial services provider’s stock worth $1,471,000 after purchasing an additional 46,179 shares in the last quarter. Quantbot Technologies LP increased its holdings in shares of Green Dot by 10.3% during the first quarter. Quantbot Technologies LP now owns 73,271 shares of the financial services provider’s stock worth $684,000 after buying an additional 6,866 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Green Dot by 8.2% in the 1st quarter. Empowered Funds LLC now owns 155,400 shares of the financial services provider’s stock valued at $1,450,000 after acquiring an additional 11,725 shares during the last quarter. Illinois Municipal Retirement Fund boosted its holdings in shares of Green Dot by 6.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 26,954 shares of the financial services provider’s stock valued at $251,000 after acquiring an additional 1,615 shares in the last quarter. Finally, Headlands Technologies LLC grew its position in Green Dot by 89.2% during the 1st quarter. Headlands Technologies LLC now owns 2,743 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 1,293 shares during the last quarter. Institutional investors own 92.56% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on GDOT shares. Barclays increased their target price on Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a report on Monday, September 23rd. Craig Hallum upped their price objective on shares of Green Dot from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $11.00 target price on shares of Green Dot in a research report on Monday, July 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.