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

Green Dot Co. (NYSE:GDOT) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totalling 1,900,000 shares, a growth of 22.6% from the November 30th total of 1,550,000 shares. Based on an average daily volume of 455,500 shares, the days-to-cover ratio is currently 4.2 days. Approximately 3.6% of the shares of the stock are sold short.

Green Dot Trading Up 1.9 %

GDOT traded up $0.20 on Tuesday, hitting $10.64. The company had a trading volume of 750,937 shares, compared to its average volume of 545,505. The business’s fifty day simple moving average is $10.95 and its 200 day simple moving average is $10.62. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.05. Green Dot has a 12-month low of $7.70 and a 12-month high of $13.58. The company has a market cap of $572.29 million, a PE ratio of -10.13 and a beta of 0.90.

Insider Buying and Selling at Green Dot

In other Green Dot news, major shareholder Topline Capital Partners, Lp acquired 135,123 shares of the stock in a transaction dated Friday, November 8th. The shares were acquired at an average cost of $10.94 per share, for a total transaction 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 approximately $68,843,100.72. The trade was a 2.19 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Green Dot

Institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its holdings in Green Dot by 17.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 544,166 shares of the financial services provider’s stock worth $5,142,000 after acquiring an additional 82,022 shares in the last quarter. nVerses Capital LLC bought a new position in shares of Green Dot during the second quarter valued at approximately $25,000. Versor Investments LP purchased a new position in Green Dot during the second quarter valued at approximately $105,000. Rhumbline Advisers raised its stake in Green Dot by 5.6% in the second quarter. Rhumbline Advisers now owns 158,748 shares of the financial services provider’s stock worth $1,500,000 after buying an additional 8,392 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in Green Dot during the second quarter worth $685,000. 92.56% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on GDOT shares. Craig Hallum upped their price target on Green Dot from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. 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 note on Monday, September 23rd. One research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target 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.