Insider Selling: Green Dot Co. (NYSE:GDOT) Insider Sells $3,973,578.84 in Stock

Green Dot Co. (NYSE:GDOT) insider Topline Capital Management, Ll sold 380,611 shares of Green Dot stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $10.44, for a total value of $3,973,578.84. Following the completion of the transaction, the insider now directly owns 5,708,126 shares of the company’s stock, valued at approximately $59,592,835.44. This represents a 6.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, December 27th, Topline Capital Management, Ll sold 247,230 shares of Green Dot stock. The shares were sold at an average price of $10.54, for a total transaction of $2,605,804.20.

Green Dot Stock Performance

Shares of GDOT stock opened at $10.57 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.05. The company has a 50 day moving average price of $10.90 and a 200-day moving average price of $10.63. Green Dot Co. has a 52 week low of $7.70 and a 52 week high of $13.58. The firm has a market capitalization of $568.53 million, a PE ratio of -10.07 and a beta of 0.90.

Institutional Investors Weigh In On Green Dot

A number of large investors have recently added to or reduced their stakes in GDOT. Headlands Technologies LLC boosted its stake in shares of Green Dot by 44.3% in the 2nd 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 during the last quarter. Point72 Asset Management L.P. lifted its holdings in Green Dot by 7.3% in the second quarter. Point72 Asset Management L.P. now owns 21,130 shares of the financial services provider’s stock valued at $200,000 after acquiring an additional 1,430 shares during the period. Amalgamated Bank boosted its position in Green Dot by 14.0% in the third quarter. Amalgamated Bank now owns 15,607 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 1,920 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Green Dot by 12.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,125 shares of the financial services provider’s stock valued at $200,000 after purchasing an additional 2,331 shares during the period. Finally, nVerses Capital LLC purchased a new stake in shares of Green Dot during the 2nd quarter valued at about $25,000. Institutional investors own 92.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GDOT. Barclays increased their price target on shares of Green Dot from $7.00 to $10.00 and gave the company an “underweight” rating in a report on Monday, September 23rd. Craig Hallum increased their target price 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 equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.