Green Dot Co. (NYSE:GDOT) Insider Topline Capital Management, Ll Sells 247,230 Shares

Green Dot Co. (NYSE:GDOT) insider Topline Capital Management, Ll sold 247,230 shares of the stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $10.54, for a total value of $2,605,804.20. Following the completion of the sale, the insider now directly owns 6,088,737 shares in the company, valued at $64,175,287.98. This represents a 3.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Topline Capital Management, Ll also recently made the following trade(s):

• On Monday, December 30th, Topline Capital Management, Ll sold 380,611 shares of Green Dot stock. The stock was sold at an average price of $10.44, for a total value of $3,973,578.84.

Green Dot Trading Up 1.9 %

NYSE:GDOT opened at $10.64 on Thursday. The stock’s 50 day moving average price is $10.92 and its 200 day moving average price is $10.63. The company has a market capitalization of $572.29 million, a PE ratio of -10.13 and a beta of 0.90. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.05. Green Dot Co. has a 52-week low of $7.70 and a 52-week high of $13.58.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GDOT. American Century Companies Inc. grew its stake in Green Dot by 79.0% during the 2nd quarter. American Century Companies Inc. now owns 322,692 shares of the financial services provider’s stock worth $3,049,000 after buying an additional 142,377 shares during the last quarter. State Street Corp grew its stake in shares of Green Dot by 5.6% in the 3rd quarter. State Street Corp now owns 2,520,389 shares of the financial services provider’s stock valued at $29,514,000 after purchasing an additional 133,200 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its stake in shares of Green Dot by 24.9% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 525,377 shares of the financial services provider’s stock valued at $4,965,000 after purchasing an additional 104,829 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Green Dot by 9.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,222,996 shares of the financial services provider’s stock valued at $14,324,000 after purchasing an additional 101,008 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Green Dot by 17.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 544,166 shares of the financial services provider’s stock valued at $5,142,000 after purchasing an additional 82,022 shares during the last quarter. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Analysts Set New Price Targets

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

Green Dot Company Profile

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.