Green Dot Co. (NYSE:GDOT) Major Shareholder Topline Capital Partners, Lp Sells 331,339 Shares

Green Dot Co. (NYSE:GDOT) major shareholder Topline Capital Partners, Lp sold 331,339 shares of the stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $10.54, for a total transaction of $3,492,313.06. Following the transaction, the insider now directly owns 5,376,787 shares in the company, valued at $56,671,334.98. The trade was a 5.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Large 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 Friday, November 8th, Topline Capital Partners, Lp bought 135,123 shares of Green Dot stock. The shares were purchased at an average cost of $10.94 per share, for a total transaction of $1,478,245.62.

Green Dot Stock Performance

NYSE:GDOT traded up $0.20 during midday trading on Tuesday, reaching $10.64. 993,654 shares of the company traded hands, compared to its average volume of 547,047. Green Dot Co. has a twelve month low of $7.70 and a twelve month high of $13.58. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.52 and a quick ratio of 0.52. The company has a fifty day moving average price of $10.95 and a 200 day moving average price of $10.62. The firm has a market capitalization of $572.29 million, a price-to-earnings ratio of -10.13 and a beta of 0.90.

Institutional Trading of Green Dot

Several hedge funds have recently bought and sold shares of GDOT. nVerses Capital LLC acquired a new position in shares of Green Dot during the second quarter valued at approximately $25,000. Quarry LP bought a new stake in shares of Green Dot in the 2nd quarter worth $32,000. Headlands Technologies LLC lifted its holdings in shares of Green Dot by 44.3% in the second quarter. Headlands Technologies LLC now owns 3,957 shares of the financial services provider’s stock valued at $37,000 after buying an additional 1,214 shares during the period. Torno Capital LLC bought a new position in Green Dot during the second quarter valued at about $38,000. Finally, Versor Investments LP bought a new stake in Green Dot in the second quarter worth about $105,000. 92.56% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GDOT has been the topic of several research reports. Barclays upped 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. Craig Hallum increased their target price 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. One 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. According to MarketBeat.com, Green Dot currently has an average rating of “Hold” and a consensus target price of $10.75.

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.