Marshall Wace LLP acquired a new position in shares of Green Dot Co. (NYSE:GDOT – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 32,218 shares of the financial services provider’s stock, valued at approximately $304,000. Marshall Wace LLP owned 0.06% of Green Dot as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Kent Lake Capital LLC acquired a new position in Green Dot in the first quarter valued at about $7,464,000. SG Capital Management LLC acquired a new position in Green Dot in the first quarter valued at about $4,254,000. American Century Companies Inc. lifted its position in shares of Green Dot by 79.0% during the second quarter. American Century Companies Inc. now owns 322,692 shares of the financial services provider’s stock worth $3,049,000 after purchasing an additional 142,377 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its position in shares of Green Dot by 24.9% during the second quarter. Thompson Siegel & Walmsley LLC now owns 525,377 shares of the financial services provider’s stock worth $4,965,000 after purchasing an additional 104,829 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Green Dot by 17.7% during the second quarter. Bank of New York Mellon Corp now owns 544,166 shares of the financial services provider’s stock worth $5,142,000 after purchasing an additional 82,022 shares in the last quarter. Institutional investors own 92.56% of the company’s stock.
Green Dot Stock Performance
NYSE:GDOT opened at $11.34 on Friday. The stock’s 50-day simple moving average is $11.02 and its 200 day simple moving average is $9.93. The company has a market cap of $603.14 million, a P/E ratio of -24.12 and a beta of 0.92. Green Dot Co. has a 52-week low of $7.30 and a 52-week high of $13.14.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on GDOT shares. Craig Hallum upped their target price on shares of Green Dot from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Barclays raised their price objective on Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a research note on Monday, September 23rd. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $11.00 price objective 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 assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $10.75.
Read Our Latest Research Report on GDOT
Insider Activity at Green Dot
In related news, insider Topline Capital Management, Ll purchased 36,671 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was acquired at an average cost of $12.49 per share, for a total transaction of $458,020.79. Following the completion of the purchase, the insider now owns 5,995,422 shares in the company, valued at approximately $74,882,820.78. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Green Dot news, major shareholder Topline Capital Partners, Lp acquired 162,243 shares of Green Dot stock in a transaction that occurred on Tuesday, September 24th. The shares were bought at an average price of $11.87 per share, with a total value of $1,925,824.41. Following the completion of the purchase, the insider now directly owns 6,157,665 shares in the company, valued at $73,091,483.55. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Topline Capital Management, Ll acquired 36,671 shares of Green Dot stock in a transaction that occurred on Monday, September 23rd. The stock was acquired at an average cost of $12.49 per share, for a total transaction of $458,020.79. Following the purchase, the insider now owns 5,995,422 shares of the company’s stock, valued at $74,882,820.78. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by corporate insiders.
Green Dot 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.
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