Topline Capital Management, Ll Buys 36,671 Shares of Green Dot Co. (NYSE:GDOT) Stock

Green Dot Co. (NYSE:GDOT) insider Topline Capital Management, Ll acquired 36,671 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was purchased at an average cost of $12.49 per share, for a total transaction of $458,020.79. Following the purchase, the insider now owns 5,995,422 shares of the company’s stock, valued at $74,882,820.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Green Dot Price Performance

NYSE:GDOT traded down $0.69 during trading hours on Tuesday, hitting $11.02. 304,290 shares of the company were exchanged, compared to its average volume of 571,138. Green Dot Co. has a 52-week low of $7.30 and a 52-week high of $14.05. The company’s 50 day moving average price is $10.74 and its 200-day moving average price is $9.82. The stock has a market capitalization of $586.37 million, a price-to-earnings ratio of -23.45 and a beta of 0.91.

Green Dot (NYSE:GDOT) last posted its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. Green Dot had a positive return on equity of 4.01% and a negative net margin of 3.41%. The business had revenue of $407.10 million during the quarter, compared to analysts’ expectations of $381.87 million. During the same period last year, the firm earned $0.20 EPS. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, equities analysts predict that Green Dot Co. will post 1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on GDOT shares. Barclays increased their target price on shares of Green Dot from $7.00 to $10.00 and gave the company an “underweight” rating in a report on Monday, September 23rd. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $11.00 target price on shares of Green Dot in a research report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $11.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Trexquant Investment LP acquired a new position in Green Dot during the fourth quarter worth $415,000. Hsbc Holdings PLC lifted its position in shares of Green Dot by 33.3% during the 4th quarter. Hsbc Holdings PLC now owns 340,073 shares of the financial services provider’s stock valued at $3,408,000 after buying an additional 84,894 shares during the last quarter. Aristides Capital LLC bought a new stake in shares of Green Dot during the 4th quarter valued at about $256,000. Quadrature Capital Ltd boosted its stake in shares of Green Dot by 111.7% during the fourth quarter. Quadrature Capital Ltd now owns 62,681 shares of the financial services provider’s stock valued at $621,000 after purchasing an additional 33,068 shares during the period. Finally, DGS Capital Management LLC bought a new position in shares of Green Dot in the 1st quarter worth about $139,000. Institutional investors own 92.56% of the company’s stock.

Green Dot Company 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.