Green Dot (NYSE:GDOT) Trading Up 4.3% After Insider Buying Activity

Green Dot Co. (NYSE:GDOT) shares traded up 4.3% during trading on Tuesday following insider buying activity. The stock traded as high as $11.21 and last traded at $11.19. 80,915 shares were traded during trading, a decline of 85% from the average session volume of 543,469 shares. The stock had previously closed at $10.73.

Specifically, major shareholder Topline Capital Partners, Lp acquired 135,123 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were purchased at an average cost of $10.94 per share, with a total value of $1,478,245.62. Following the acquisition, the insider now directly owns 6,292,788 shares in the company, valued at $68,843,100.72. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Craig Hallum boosted their target price on shares of Green Dot from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Friday, October 4th. Barclays increased their target price on shares of Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a research report on Monday, September 23rd. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $11.00 target price on shares of Green Dot in a report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $10.75.

Green Dot Trading Up 6.2 %

The firm’s 50-day moving average price is $11.53 and its 200 day moving average price is $10.41. The company has a market capitalization of $611.78 million, a price-to-earnings ratio of -10.85 and a beta of 0.91.

Institutional Investors Weigh In On Green Dot

A number of large investors have recently modified their holdings of the business. Headlands Technologies LLC lifted its position in shares of Green Dot by 44.3% during the 2nd quarter. Headlands Technologies LLC now owns 3,957 shares of the financial services provider’s stock worth $37,000 after buying an additional 1,214 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of Green Dot by 7.3% in the second quarter. Point72 Asset Management L.P. now owns 21,130 shares of the financial services provider’s stock worth $200,000 after acquiring an additional 1,430 shares during the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of Green Dot by 4.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 39,707 shares of the financial services provider’s stock valued at $375,000 after purchasing an additional 1,524 shares in the last quarter. Nisa Investment Advisors LLC grew 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 valued at $25,000 after purchasing an additional 1,609 shares during the last quarter. Finally, Illinois Municipal Retirement Fund increased its position in Green Dot by 6.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 26,954 shares of the financial services provider’s stock worth $251,000 after purchasing an additional 1,615 shares in the last quarter. Institutional investors and hedge funds 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.