Topline Capital Management, Ll Buys 36,671 Shares of Green Dot Co. (NYSE:GDOT) Stock

Green Dot Co. (NYSE:GDOTGet Free Report) insider Topline Capital Management, Ll purchased 36,671 shares of the stock in a transaction on Monday, September 23rd. The stock was bought at an average price of $12.49 per share, for a total transaction of $458,020.79. Following the completion of the transaction, the insider now directly owns 5,995,422 shares of the company’s stock, valued at $74,882,820.78. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Green Dot Stock Performance

Shares of GDOT stock opened at $10.96 on Thursday. The stock’s fifty day moving average is $10.77 and its 200-day moving average is $9.83. The stock has a market capitalization of $583.18 million, a PE ratio of -23.32 and a beta of 0.91. Green Dot Co. has a 52 week low of $7.30 and a 52 week high of $13.59.

Green Dot (NYSE:GDOTGet Free Report) last issued its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. Green Dot had a positive return on equity of 4.01% and a negative net margin of 3.41%. The business had revenue of $407.10 million for the quarter, compared to analyst estimates of $381.87 million. During the same quarter in the prior year, the firm posted $0.20 earnings per share. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, analysts forecast that Green Dot Co. will post 1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Green Dot

Several large investors have recently made changes to their positions in GDOT. Nisa Investment Advisors LLC lifted its stake in shares of Green Dot by 162.0% during the second quarter. Nisa Investment Advisors LLC now owns 2,602 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 1,609 shares during the period. nVerses Capital LLC acquired a new position in shares of Green Dot during the second quarter valued at $25,000. Headlands Technologies LLC lifted its stake in shares of Green Dot by 89.2% during the first quarter. Headlands Technologies LLC now owns 2,743 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 1,293 shares during the period. UMB Bank n.a. lifted its stake in shares of Green Dot by 98.3% during the first quarter. UMB Bank n.a. now owns 2,855 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 1,415 shares during the period. Finally, Quarry LP acquired a new position in shares of Green Dot during the second quarter valued at $32,000. Institutional investors and hedge funds own 92.56% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on GDOT. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $11.00 price target on shares of Green Dot in a research report on Monday, July 22nd. 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $11.50.

Read Our Latest Analysis on GDOT

About Green Dot

(Get 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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