Algert Global LLC Sells 33,870 Shares of Green Dot Co. (NYSE:GDOT)

Algert Global LLC cut its position in Green Dot Co. (NYSE:GDOT) by 27.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,654 shares of the financial services provider’s stock after selling 33,870 shares during the quarter. Algert Global LLC’s holdings in Green Dot were worth $1,073,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. nVerses Capital LLC acquired a new stake in Green Dot during the second quarter worth approximately $25,000. Nisa Investment Advisors LLC grew its stake in Green Dot by 162.0% during the second quarter. Nisa Investment Advisors LLC now owns 2,602 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 1,609 shares during the period. Quarry LP acquired a new stake in Green Dot during the second quarter worth approximately $32,000. Headlands Technologies LLC grew its stake in Green Dot by 44.3% during the second quarter. Headlands Technologies LLC now owns 3,957 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 1,214 shares during the period. Finally, Torno Capital LLC acquired a new stake in Green Dot during the second quarter worth approximately $38,000. 92.56% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Green Dot news, insider Topline Capital Management, Ll bought 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 completion of the transaction, the insider now directly owns 5,995,422 shares in the company, valued at $74,882,820.78. This represents a 0.62 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Topline Capital Partners, Lp purchased 135,123 shares of the company’s stock in a transaction on Friday, November 8th. The shares were purchased at an average cost of $10.94 per share, with a total value of $1,478,245.62. Following the purchase, the insider now 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 disclosure for this purchase can be found here. Insiders acquired a total of 334,037 shares of company stock worth $3,862,091 over the last ninety days. 1.10% of the stock is owned by corporate insiders.

Green Dot Price Performance

Green Dot stock opened at $10.27 on Friday. Green Dot Co. has a 52 week low of $7.70 and a 52 week high of $13.58. The business has a 50-day simple moving average of $11.34 and a 200 day simple moving average of $10.50. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.05. The stock has a market cap of $552.39 million, a price-to-earnings ratio of -9.78 and a beta of 0.91.

Analyst Ratings Changes

GDOT has been the topic of a number of recent research reports. Barclays raised their target price on Green Dot from $7.00 to $10.00 and gave the company an “underweight” rating in a report on Monday, September 23rd. Craig Hallum lifted their price target on Green Dot from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, October 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.