Green Dot Co. (NYSE:GDOT) Short Interest Update

Green Dot Co. (NYSE:GDOT) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 2,050,000 shares, an increase of 29.7% from the September 30th total of 1,580,000 shares. Approximately 4.0% of the company’s shares are sold short. Based on an average trading volume of 409,100 shares, the days-to-cover ratio is currently 5.0 days.

Insider Buying and Selling at Green Dot

In other Green Dot news, insider Topline Capital Management, Ll purchased 36,671 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were bought at an average price of $12.49 per share, for a total transaction of $458,020.79. Following the completion of the acquisition, the insider now owns 5,995,422 shares in the company, valued at approximately $74,882,820.78. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder Topline Capital Partners, Lp bought 162,243 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was acquired at an average price of $11.87 per share, with a total value of $1,925,824.41. Following the transaction, the insider now owns 6,157,665 shares of the company’s stock, valued at $73,091,483.55. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Topline Capital Management, Ll purchased 36,671 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was purchased at an average price of $12.49 per share, for a total transaction of $458,020.79. Following the transaction, the insider now directly owns 5,995,422 shares in the company, valued at approximately $74,882,820.78. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its holdings in shares of 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 worth $1,471,000 after acquiring an additional 46,179 shares during the last quarter. Quantbot Technologies LP raised its stake in shares of Green Dot by 10.3% in the first quarter. Quantbot Technologies LP now owns 73,271 shares of the financial services provider’s stock worth $684,000 after purchasing an additional 6,866 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Green Dot by 8.2% in the first 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 boosted its position in shares of Green Dot by 6.4% during the first quarter. Illinois Municipal Retirement Fund now owns 26,954 shares of the financial services provider’s stock valued at $251,000 after buying an additional 1,615 shares during the last quarter. Finally, Headlands Technologies LLC grew its holdings in Green Dot by 89.2% during the first quarter. Headlands Technologies LLC now owns 2,743 shares of the financial services provider’s stock worth $26,000 after buying an additional 1,293 shares in the last quarter. 92.56% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GDOT has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $11.00 price target on shares of Green Dot in a research report on Monday, July 22nd. Barclays upped their target price on Green Dot from $7.00 to $10.00 and gave the company an “underweight” rating in a research report on Monday, September 23rd. Finally, Craig Hallum lifted their target price on Green Dot from $10.00 to $11.00 and gave the stock a “hold” rating in a report 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 given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $10.75.

Green Dot Trading Down 1.3 %

Shares of NYSE GDOT opened at $11.85 on Wednesday. The firm’s 50-day moving average price is $11.41 and its 200-day moving average price is $10.19. The firm has a market capitalization of $630.27 million, a P/E ratio of -25.20 and a beta of 0.92. Green Dot has a 1-year low of $7.30 and a 1-year high of $12.99.

Green Dot (NYSE:GDOT) last released its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. Green Dot had a positive return on equity of 4.01% and a negative net margin of 3.41%. The firm had revenue of $407.10 million during the quarter, compared to the consensus estimate of $381.87 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 11.3% on a year-over-year basis. Equities research analysts forecast that Green Dot will post 1 EPS for the current year.

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.