Assenagon Asset Management S.A. Sells 133,035 Shares of Green Dot Co. (NYSE:GDOT)

Assenagon Asset Management S.A. trimmed its stake in Green Dot Co. (NYSE:GDOT) by 21.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 495,900 shares of the financial services provider’s stock after selling 133,035 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Green Dot were worth $5,276,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in Green Dot by 9.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,222,996 shares of the financial services provider’s stock worth $14,324,000 after purchasing an additional 101,008 shares during the last quarter. American Century Companies Inc. lifted its holdings in Green Dot by 79.0% during the 2nd quarter. American Century Companies Inc. now owns 322,692 shares of the financial services provider’s stock worth $3,049,000 after purchasing an additional 142,377 shares during the last quarter. Barclays PLC raised its holdings in Green Dot by 342.0% in the 3rd quarter. Barclays PLC now owns 88,504 shares of the financial services provider’s stock valued at $1,036,000 after acquiring an additional 68,481 shares in the last quarter. FMR LLC raised its holdings in Green Dot by 62.8% in the 3rd quarter. FMR LLC now owns 43,835 shares of the financial services provider’s stock valued at $513,000 after acquiring an additional 16,917 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Green Dot by 11.8% in the 3rd quarter. Principal Financial Group Inc. now owns 253,130 shares of the financial services provider’s stock valued at $2,964,000 after acquiring an additional 26,676 shares in the last quarter. 92.56% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Green Dot news, major shareholder Topline Capital Partners, Lp purchased 135,123 shares of Green Dot stock in a transaction that occurred on Friday, November 8th. The shares were bought at an average price 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. This trade 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 sold 247,230 shares of the business’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $10.54, for a total value of $2,605,804.20. Following the transaction, the insider now owns 6,088,737 shares in the company, valued at approximately $64,175,287.98. This represents a 3.90 % 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 over the last 90 days. Insiders own 1.10% of the company’s stock.

Green Dot Price Performance

NYSE:GDOT opened at $8.88 on Tuesday. The firm has a market capitalization of $477.39 million, a price-to-earnings ratio of -8.45 and a beta of 0.89. Green Dot Co. has a 52-week low of $7.70 and a 52-week high of $13.58. The stock has a fifty day moving average of $10.30 and a 200 day moving average of $10.64. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 0.52.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GDOT. Barclays boosted their price target on Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a report on Monday, September 23rd. Craig Hallum increased their price target on Green Dot from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.