Barclays PLC Raises Stock Holdings in Green Dot Co. (NYSE:GDOT)

Barclays PLC raised its stake in Green Dot Co. (NYSE:GDOTFree Report) by 342.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 88,504 shares of the financial services provider’s stock after purchasing an additional 68,481 shares during the period. Barclays PLC’s holdings in Green Dot were worth $1,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Quarry LP bought a new stake in shares of Green Dot in the 2nd quarter valued at about $32,000. Headlands Technologies LLC lifted 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 last quarter. Torno Capital LLC acquired a new stake in Green Dot in the second quarter valued at approximately $38,000. Intech Investment Management LLC purchased a new position in Green Dot in the second quarter worth $142,000. Finally, Amalgamated Bank increased its position in shares of 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 purchasing an additional 1,920 shares in the last quarter. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Green Dot Stock Performance

Shares of GDOT stock opened at $9.05 on Wednesday. The business has a fifty day moving average of $10.59 and a 200 day moving average of $10.65. Green Dot Co. has a 1 year low of $7.70 and a 1 year high of $13.58. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.52 and a quick ratio of 0.52. The firm has a market capitalization of $486.77 million, a price-to-earnings ratio of -8.62 and a beta of 0.89.

Wall Street Analyst Weigh In

GDOT has been the topic of several research analyst reports. Barclays boosted their target price on Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a research note on Monday, September 23rd. Craig Hallum boosted their price target on Green Dot from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Green Dot presently has an average rating of “Hold” and an average target price of $10.75.

Check Out Our Latest Research Report on Green Dot

Insider Activity

In related news, insider Topline Capital Management, Ll sold 247,230 shares of the firm’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of $10.54, for a total transaction of $2,605,804.20. Following the completion of the transaction, the insider now owns 6,088,737 shares of the company’s stock, valued at $64,175,287.98. This trade represents a 3.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Topline Capital Partners, Lp sold 331,339 shares of the company’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $10.54, for a total transaction of $3,492,313.06. Following the completion of the sale, the insider now directly owns 5,376,787 shares in the company, valued at approximately $56,671,334.98. The trade was a 5.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 959,180 shares of company stock valued at $10,071,696. Company insiders own 1.10% of the company’s stock.

Green Dot Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding GDOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Green Dot Co. (NYSE:GDOTFree Report).

Institutional Ownership by Quarter for Green Dot (NYSE:GDOT)

Receive News & Ratings for Green Dot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Dot and related companies with MarketBeat.com's FREE daily email newsletter.