Green Dot Co. (NYSE:GDOT) Shares Purchased by Fmr LLC

Fmr LLC raised its holdings in Green Dot Co. (NYSE:GDOT) by 62.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 43,835 shares of the financial services provider’s stock after acquiring an additional 16,917 shares during the period. Fmr LLC’s holdings in Green Dot were worth $513,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. nVerses Capital LLC purchased a new stake in Green Dot in the second quarter valued at approximately $25,000. Nisa Investment Advisors LLC increased its holdings 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 buying an additional 1,609 shares during the last quarter. Quarry LP purchased a new position in shares of Green Dot in the 2nd quarter worth $32,000. Headlands Technologies LLC grew its position 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 valued at $37,000 after acquiring an additional 1,214 shares during the period. Finally, Torno Capital LLC acquired a new stake in Green Dot during the second quarter worth about $38,000. Institutional investors and hedge funds own 92.56% of the company’s stock.

Insider Buying and Selling

In other Green Dot news, insider Topline Capital Management, Ll acquired 36,671 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was acquired at an average price of $12.49 per share, with a total value of $458,020.79. Following the transaction, the insider now directly owns 5,995,422 shares in the company, valued at approximately $74,882,820.78. This represents a 0.62 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Topline Capital Partners, Lp bought 135,123 shares of the business’s stock in a transaction on Friday, November 8th. The stock was acquired 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 of the company’s stock, valued at $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. Over the last quarter, insiders purchased 334,037 shares of company stock worth $3,862,091. Insiders own 1.10% of the company’s stock.

Green Dot Trading Down 6.2 %

NYSE:GDOT opened at $10.57 on Thursday. The business’s 50-day simple moving average is $11.10 and its 200 day simple moving average is $10.57. Green Dot Co. has a one year low of $7.70 and a one year high of $13.58. The stock has a market cap of $568.53 million, a price-to-earnings ratio of -10.07 and a beta of 0.90. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 0.52.

Analysts Set New Price Targets

A number of research firms recently issued reports on GDOT. Craig Hallum increased 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 company an “underweight” rating in a research report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $10.75.

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.