Atom Investors LP Decreases Holdings in Green Dot Co. (NYSE:GDOT)

Atom Investors LP lowered its stake in shares of Green Dot Co. (NYSE:GDOT) by 61.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,787 shares of the financial services provider’s stock after selling 134,604 shares during the period. Atom Investors LP owned about 0.16% of Green Dot worth $981,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. nVerses Capital LLC acquired a new stake in shares of Green Dot in the second quarter worth approximately $25,000. Nisa Investment Advisors LLC lifted its holdings in Green Dot by 162.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,602 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 1,609 shares in the last quarter. Quarry LP acquired a new stake in Green Dot during the 2nd quarter worth $32,000. Headlands Technologies LLC grew its holdings in shares of Green Dot by 44.3% during the second quarter. Headlands Technologies LLC now owns 3,957 shares of the financial services provider’s stock worth $37,000 after buying an additional 1,214 shares in the last quarter. Finally, Torno Capital LLC acquired a new stake in shares of Green Dot in the second quarter valued at about $38,000. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Green Dot Price Performance

Shares of NYSE GDOT opened at $10.28 on Wednesday. The stock’s 50-day simple moving average is $11.18 and its 200-day simple moving average is $10.51. The firm has a market capitalization of $552.69 million, a PE ratio of -9.79 and a beta of 0.90. Green Dot Co. has a fifty-two week low of $7.70 and a fifty-two week high of $13.58. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 0.52.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on GDOT shares. Barclays upped their price objective on shares of Green Dot from $7.00 to $10.00 and gave the company an “underweight” rating in a research note on Monday, September 23rd. Craig Hallum upped their price target on Green Dot from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $10.75.

Insider Buying and Selling

In related news, major shareholder Topline Capital Partners, Lp purchased 135,123 shares of the company’s stock in a transaction on Friday, November 8th. The stock was bought at an average price of $10.94 per share, with a total value of $1,478,245.62. Following the completion of the transaction, the insider now owns 6,292,788 shares of the company’s stock, valued at approximately $68,843,100.72. This represents a 2.19 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Topline Capital Management, Ll purchased 36,671 shares of the stock in a transaction dated Monday, September 23rd. The shares were purchased at an average price of $12.49 per share, with a total value of $458,020.79. Following the completion of the acquisition, the insider now owns 5,995,422 shares of the company’s stock, valued at approximately $74,882,820.78. This represents a 0.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 334,037 shares of company stock valued at $3,862,091 over the last three months. 1.10% of the stock is currently owned by company insiders.

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.