Green Dot Co. (NYSE:GDOT - Get Free Report) major shareholder Topline Capital Partners, Lp acquired 135,123 shares of Green Dot stock in a transaction dated Friday, November 8th. The stock was acquired at an average cost of $10.94 per share, with a total value of $1,478,245.62. Following the completion of the transaction, the insider now directly owns 6,292,788 shares of the company's stock, valued at $68,843,100.72. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
Topline Capital Partners, Lp also recently made the following trade(s):
- On Tuesday, September 24th, Topline Capital Partners, Lp bought 162,243 shares of Green Dot stock. The shares were bought at an average price of $11.87 per share, with a total value of $1,925,824.41.
Green Dot Stock Up 6.2 %
NYSE:GDOT opened at $11.39 on Wednesday. The firm has a market capitalization of $611.78 million, a PE ratio of -10.85 and a beta of 0.91. Green Dot Co. has a 12-month low of $7.34 and a 12-month high of $13.58. The firm has a 50-day moving average price of $11.53 and a 200 day moving average price of $10.41.
Hedge Funds Weigh In On Green Dot
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Hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its stake in Green Dot by 41.4% in the 1st quarter. BNP Paribas Financial Markets now owns 157,703 shares of the financial services provider's stock valued at $1,471,000 after buying an additional 46,179 shares in the last quarter. Quantbot Technologies LP lifted its holdings in shares of Green Dot by 10.3% during the first quarter. Quantbot Technologies LP now owns 73,271 shares of the financial services provider's stock valued at $684,000 after acquiring an additional 6,866 shares during the period. Empowered Funds LLC boosted its stake in shares of Green Dot by 8.2% in the 1st quarter. Empowered Funds LLC now owns 155,400 shares of the financial services provider's stock valued at $1,450,000 after purchasing an additional 11,725 shares in the last quarter. Illinois Municipal Retirement Fund grew its holdings in shares of Green Dot by 6.4% in the 1st quarter. Illinois Municipal Retirement Fund now owns 26,954 shares of the financial services provider's stock worth $251,000 after purchasing an additional 1,615 shares during the last quarter. Finally, Headlands Technologies LLC increased its position in shares of Green Dot by 89.2% during the 1st quarter. Headlands Technologies LLC now owns 2,743 shares of the financial services provider's stock worth $26,000 after purchasing an additional 1,293 shares in the last quarter. 92.56% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts have recently issued reports on GDOT shares. Craig Hallum boosted their price objective on shares of Green Dot from $10.00 to $11.00 and gave the stock a "hold" rating in a report on Friday, October 4th. Barclays upped their price target on Green Dot from $7.00 to $10.00 and gave the company an "underweight" rating in a report on Monday, September 23rd. Finally, Keefe, Bruyette & Woods reissued a "market perform" rating and set a $11.00 price objective on shares of Green Dot in a report on Monday, July 22nd. 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.com, Green Dot currently has a consensus rating of "Hold" and an average price target of $10.75.
Get Our Latest Stock Analysis on Green Dot
Green Dot Company Profile
(
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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