Green Dot Co. (NYSE:GDOT - Get Free Report) major shareholder Topline Capital Partners, Lp sold 331,339 shares of the stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $10.54, for a total transaction of $3,492,313.06. Following the transaction, the insider now directly owns 5,376,787 shares in the company, valued at $56,671,334.98. The trade was a 5.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.

Topline Capital Partners, Lp also recently made the following trade(s):

NYSE:GDOT traded up $0.20 during midday trading on Tuesday, reaching $10.64. 993,654 shares of the company traded hands, compared to its average volume of 547,047. Green Dot Co. has a twelve month low of $7.70 and a twelve month 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 company has a fifty day moving average price of $10.95 and a 200 day moving average price of $10.62. The firm has a market capitalization of $572.29 million, a price-to-earnings ratio of -10.13 and a beta of 0.90.

Several hedge funds have recently bought and sold shares of GDOT. nVerses Capital LLC acquired a new position in shares of Green Dot during the second quarter valued at approximately $25,000. Quarry LP bought a new stake in shares of Green Dot in the 2nd quarter worth $32,000. Headlands Technologies LLC lifted its holdings in shares of Green Dot by 44.3% in the second quarter. Headlands Technologies LLC now owns 3,957 shares of the financial services provider's stock valued at $37,000 after buying an additional 1,214 shares during the period. Torno Capital LLC bought a new position in Green Dot during the second quarter valued at about $38,000. Finally, Versor Investments LP bought a new stake in Green Dot in the second quarter worth about $105,000. 92.56% of the stock is currently owned by institutional investors.

GDOT has been the topic of several research reports. Barclays upped their price target on Green Dot from $7.00 to $10.00 and gave the company an "underweight" rating in a research report on Monday, September 23rd. 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 report on Friday, October 4th. 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 company. According to MarketBeat.com, Green Dot currently has an average rating of "Hold" and a consensus target price of $10.75.

Get Our Latest Research Report on 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.

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