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

Green Dot Co. (NYSE:GDOT) major shareholder Topline Capital Partners, Lp acquired 135,123 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was acquired at an average price of $10.94 per share, for a total transaction of $1,478,245.62. Following the completion of the acquisition, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock 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 acquired 162,243 shares of Green Dot stock. The shares were bought at an average cost of $11.87 per share, with a total value of $1,925,824.41.

Green Dot Stock Up 5.1 %

GDOT traded up $0.55 during trading on Tuesday, hitting $11.28. 281,793 shares of the company traded hands, compared to its average volume of 544,046. The firm has a market cap of $605.87 million, a P/E ratio of -10.22 and a beta of 0.91. The stock’s fifty day moving average is $11.52 and its 200 day moving average is $10.39. Green Dot Co. has a one year low of $7.34 and a one year high of $13.58.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Barclays raised their target price on shares of 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 price target on shares of Green Dot from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $11.00 price target on shares of Green Dot in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Green Dot presently has an average rating of “Hold” and a consensus target price of $10.75.

Institutional Investors Weigh In On Green Dot

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted its stake in Green Dot by 41.4% in the first 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 period. Quantbot Technologies LP lifted its position in 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 buying an additional 6,866 shares during the period. Empowered Funds LLC lifted its position in Green Dot by 8.2% during the first quarter. Empowered Funds LLC now owns 155,400 shares of the financial services provider’s stock valued at $1,450,000 after buying an additional 11,725 shares during the period. Illinois Municipal Retirement Fund lifted its position in 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 period. Finally, Headlands Technologies LLC lifted its position 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 valued at $26,000 after buying an additional 1,293 shares during the period. 92.56% of the stock is owned by hedge funds and other institutional investors.

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.