Dupont Capital Management Corp Sells 6,015 Shares of Green Dot Co. (GDOT)

Dupont Capital Management Corp trimmed its holdings in shares of Green Dot Co. (NYSE:GDOT) by 28.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 14,940 shares of the financial services provider’s stock after selling 6,015 shares during the quarter. Dupont Capital Management Corp’s holdings in Green Dot were worth $1,188,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Legacy Financial Advisors Inc. purchased a new stake in shares of Green Dot during the fourth quarter valued at approximately $29,000. Ipswich Investment Management Co. Inc. purchased a new stake in shares of Green Dot during the fourth quarter valued at approximately $70,000. Tower Research Capital LLC TRC purchased a new stake in shares of Green Dot during the third quarter valued at approximately $161,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Green Dot during the third quarter valued at approximately $165,000. Finally, First Quadrant L P CA raised its stake in shares of Green Dot by 176.4% during the fourth quarter. First Quadrant L P CA now owns 2,197 shares of the financial services provider’s stock valued at $175,000 after purchasing an additional 1,402 shares during the period. 91.10% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:GDOT opened at $71.82 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $3.88 billion, a P/E ratio of 45.46 and a beta of 0.73. Green Dot Co. has a 12-month low of $55.40 and a 12-month high of $93.00.



In related news, CRO Brett Narlinger sold 5,000 shares of Green Dot stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $80.00, for a total value of $400,000.00. Following the completion of the sale, the executive now owns 76,554 shares in the company, valued at $6,124,320. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Steven W. Streit sold 29,580 shares of Green Dot stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $80.24, for a total transaction of $2,373,499.20. Following the completion of the sale, the insider now owns 55,001 shares of the company’s stock, valued at approximately $4,413,280.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 111,749 shares of company stock valued at $8,962,667. Insiders own 9.70% of the company’s stock.

A number of analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Green Dot from a “buy” rating to a “hold” rating in a research note on Monday. Deutsche Bank set a $79.00 price objective on shares of Green Dot and gave the company a “hold” rating in a research note on Thursday, November 8th. Craig Hallum set a $115.00 price objective on shares of Green Dot and gave the company a “buy” rating in a research note on Thursday, November 8th. Barclays assumed coverage on shares of Green Dot in a research note on Wednesday, November 14th. They set an “overweight” rating and a $103.00 price objective on the stock. Finally, Citigroup set a $105.00 price objective on shares of Green Dot and gave the company a “buy” rating in a research note on Friday, November 9th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $91.00.

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Green Dot Profile

Green Dot Corporation, together with its subsidiaries, operates as a pro-consumer bank holding company that provides personal banking for the masses. It operates through two segments, Account Services and Processing, and Settlement Services. The company offers deposit as account programs, such reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer checking accounts, small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.

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Want to see what other hedge funds are holding GDOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Green Dot Co. (NYSE:GDOT).

Institutional Ownership by Quarter for Green Dot (NYSE:GDOT)

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