Thrivent Financial for Lutherans Sells 4,238 Shares of Green Dot Co. (NYSE:GDOT)

Thrivent Financial for Lutherans lessened its stake in shares of Green Dot Co. (NYSE:GDOT) by 5.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 72,065 shares of the financial services provider’s stock after selling 4,238 shares during the period. Thrivent Financial for Lutherans owned about 0.13% of Green Dot worth $844,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. nVerses Capital LLC acquired a new stake in shares of Green Dot in the 2nd quarter valued at approximately $25,000. Nisa Investment Advisors LLC lifted its stake in Green Dot by 162.0% in the second quarter. Nisa Investment Advisors LLC now owns 2,602 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 1,609 shares during the last quarter. Quarry LP bought a new position in shares of Green Dot in the 2nd quarter valued at about $32,000. Headlands Technologies LLC increased its stake 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 purchasing an additional 1,214 shares during the last quarter. Finally, Torno Capital LLC bought a new stake in shares of Green Dot in the 2nd quarter valued at about $38,000. 92.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on GDOT shares. Barclays boosted their price target on Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a research report on Monday, September 23rd. Craig Hallum lifted their price objective on shares of Green Dot from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Green Dot presently has a consensus rating of “Hold” and a consensus price target of $10.75.

Insider Activity

In related news, insider Topline Capital Management, Ll purchased 36,671 shares of Green Dot stock in a transaction that occurred on Monday, September 23rd. The shares were acquired at an average price of $12.49 per share, with a total value of $458,020.79. Following the completion of the transaction, the insider now directly owns 5,995,422 shares of the company’s stock, valued at $74,882,820.78. This represents a 0.62 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Topline Capital Partners, Lp acquired 135,123 shares of the company’s stock in a transaction on Friday, November 8th. The stock was bought at an average cost of $10.94 per share, with a total value of $1,478,245.62. Following the completion of the acquisition, the insider now directly owns 6,292,788 shares in the company, valued at approximately $68,843,100.72. This represents a 2.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 334,037 shares of company stock valued at $3,862,091. 1.10% of the stock is owned by company insiders.

Green Dot Stock Performance

GDOT opened at $10.28 on Wednesday. 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 business has a fifty day simple moving average of $11.18 and a 200 day simple moving average of $10.51. Green Dot Co. has a 1 year low of $7.70 and a 1 year high of $13.58. The company has a market capitalization of $552.69 million, a PE ratio of -9.79 and a beta of 0.90.

Green Dot 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.