Barclays PLC lifted its holdings in Green Dot Co. (NYSE:GDOT – Free Report) by 342.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 88,504 shares of the financial services provider’s stock after acquiring an additional 68,481 shares during the period. Barclays PLC owned 0.16% of Green Dot worth $1,036,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Quarry LP purchased a new stake in Green Dot during the second quarter valued at approximately $32,000. Headlands Technologies LLC raised its holdings in Green Dot by 44.3% during the 2nd 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 stake in Green Dot in the second quarter worth $38,000. Intech Investment Management LLC purchased a new position in Green Dot during the second quarter worth $142,000. Finally, Amalgamated Bank boosted its stake in Green Dot by 14.0% during the third quarter. Amalgamated Bank now owns 15,607 shares of the financial services provider’s stock worth $183,000 after buying an additional 1,920 shares during the period. Hedge funds and other institutional investors own 92.56% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on GDOT shares. Barclays raised their target price on shares of Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a report on Monday, September 23rd. Craig Hallum raised their price objective on shares of Green Dot from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $10.75.
Insider Buying and Selling at Green Dot
In other Green Dot news, major shareholder Topline Capital Partners, Lp bought 135,123 shares of the company’s stock in a transaction on Friday, November 8th. The shares were bought at an average cost of $10.94 per share, for a total transaction of $1,478,245.62. Following the acquisition, the insider now directly owns 6,292,788 shares in the company, valued at approximately $68,843,100.72. The trade was a 2.19 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Topline Capital Management, Ll sold 380,611 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $10.44, for a total transaction of $3,973,578.84. Following the completion of the sale, the insider now owns 5,708,126 shares of the company’s stock, valued at approximately $59,592,835.44. This represents a 6.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 959,180 shares of company stock valued at $10,071,696 in the last three months. Company insiders own 1.10% of the company’s stock.
Green Dot Stock Up 1.5 %
Shares of GDOT opened at $9.05 on Wednesday. The firm has a fifty day moving average price of $10.59 and a 200-day moving average price of $10.65. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $486.77 million, a P/E ratio of -8.62 and a beta of 0.89. Green Dot Co. has a 12-month low of $7.70 and a 12-month high of $13.58.
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.
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