Green Dot Co. (NYSE:GDOT) Shares Bought by Amalgamated Bank

Amalgamated Bank grew its stake in shares of Green Dot Co. (NYSE:GDOT) by 14.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,607 shares of the financial services provider’s stock after acquiring an additional 1,920 shares during the period. Amalgamated Bank’s holdings in Green Dot were worth $183,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. nVerses Capital LLC acquired a new stake in shares of Green Dot during the 2nd quarter valued at approximately $25,000. Nisa Investment Advisors LLC increased its stake in shares of Green Dot by 162.0% during the 2nd 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 in the last quarter. Headlands Technologies LLC increased its stake in shares of Green Dot by 89.2% during the 1st quarter. Headlands Technologies LLC now owns 2,743 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 1,293 shares in the last quarter. Quarry LP purchased a new position in shares of Green Dot during the 2nd quarter worth approximately $32,000. Finally, Torno Capital LLC purchased a new position in shares of Green Dot during the 2nd quarter worth approximately $38,000. 92.56% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, major shareholder Topline Capital Partners, Lp acquired 135,123 shares of the stock in a transaction dated Friday, November 8th. The stock was bought at an average cost of $10.94 per share, with a total value of $1,478,245.62. Following the purchase, the insider now directly owns 6,292,788 shares of the company’s stock, valued at approximately $68,843,100.72. This represents a 2.19 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Topline Capital Management, Ll acquired 36,671 shares of the stock in a transaction dated Monday, September 23rd. The shares were bought at an average cost of $12.49 per share, with a total value of $458,020.79. Following the completion of the purchase, the insider now directly owns 5,995,422 shares in the company, valued at approximately $74,882,820.78. This trade represents a 0.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders bought 334,037 shares of company stock valued at $3,862,091. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $11.00 price objective on shares of Green Dot in a research note on Monday, July 22nd. 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. Finally, Barclays raised their price objective on shares of Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a research note on Monday, September 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $10.75.

Green Dot Stock Up 2.3 %

GDOT stock opened at $11.13 on Monday. The stock has a market capitalization of $597.79 million, a P/E ratio of -10.60 and a beta of 0.91. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 0.52. Green Dot Co. has a one year low of $7.70 and a one year high of $13.58. The company has a 50 day moving average price of $11.54 and a two-hundred day moving average price of $10.46.

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.