Green Dot Co. (NYSE:GDOT) Major Shareholder Topline Capital Partners, Lp Purchases 135,123 Shares

Green Dot Co. (NYSE:GDOT) major shareholder Topline Capital Partners, Lp purchased 135,123 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were purchased at an average cost of $10.94 per share, for a total transaction of $1,478,245.62. Following the transaction, the insider now directly owns 6,292,788 shares in the company, valued at approximately $68,843,100.72. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Tuesday, September 24th, Topline Capital Partners, Lp purchased 162,243 shares of Green Dot stock. The stock was acquired at an average cost of $11.87 per share, with a total value of $1,925,824.41.

Green Dot Trading Up 5.1 %

Green Dot stock traded up $0.55 during mid-day trading on Tuesday, reaching $11.28. The company’s stock had a trading volume of 281,793 shares, compared to its average volume of 544,046. The firm has a market cap of $605.87 million, a price-to-earnings ratio of -10.22 and a beta of 0.91. The business has a 50 day moving average price of $11.52 and a 200-day moving average price of $10.39. Green Dot Co. has a twelve month low of $7.34 and a twelve month high of $13.58.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Barclays lifted their price target on Green Dot from $7.00 to $10.00 and gave the company an “underweight” rating in a research report on Monday, September 23rd. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $11.00 price objective on shares of Green Dot in a research note on Monday, July 22nd. Finally, 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 note on Friday, October 4th. One research 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 data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $10.75.

Institutional Trading of Green Dot

Several institutional investors and hedge funds have recently bought and sold shares of GDOT. Kent Lake Capital LLC bought a new stake in shares of Green Dot in the 1st quarter valued at approximately $7,464,000. SG Capital Management LLC acquired a new position in shares of Green Dot during the first quarter worth approximately $4,254,000. American Century Companies Inc. lifted its holdings in shares of Green Dot by 79.0% during the second 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. Thompson Siegel & Walmsley LLC lifted its holdings in shares of Green Dot by 24.9% during the second quarter. Thompson Siegel & Walmsley LLC now owns 525,377 shares of the financial services provider’s stock worth $4,965,000 after buying an additional 104,829 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Green Dot by 17.7% in the second 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 in the last quarter. Institutional investors and hedge funds own 92.56% of the company’s stock.

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.