Intech Investment Management LLC Buys 4,977 Shares of Green Dot Co. (NYSE:GDOT)

Intech Investment Management LLC boosted its position in shares of Green Dot Co. (NYSE:GDOT) by 33.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,007 shares of the financial services provider’s stock after buying an additional 4,977 shares during the quarter. Intech Investment Management LLC’s holdings in Green Dot were worth $234,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of GDOT. nVerses Capital LLC bought a new position in Green Dot in the second quarter valued at about $25,000. Nisa Investment Advisors LLC grew its position 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 worth $25,000 after buying an additional 1,609 shares during the period. Quarry LP bought a new stake in shares of Green Dot during the second quarter worth approximately $32,000. Headlands Technologies LLC lifted its holdings in 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. Finally, Torno Capital LLC bought a new position in Green Dot in the second quarter valued at approximately $38,000. 92.56% of the stock is currently owned by institutional investors.

Green Dot Trading Down 1.8 %

NYSE GDOT opened at $10.18 on Friday. 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 stock’s 50-day moving average is $11.13 and its 200-day moving average is $10.51. Green Dot Co. has a one year low of $7.70 and a one year high of $13.58. The firm has a market cap of $547.58 million, a P/E ratio of -9.70 and a beta of 0.90.

Analyst Ratings Changes

Several brokerages have commented on GDOT. Craig Hallum upped 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 Green Dot from $7.00 to $10.00 and gave the company an “underweight” rating in a research note on Monday, September 23rd. One equities research 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. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $10.75.

Insider Buying and Selling at Green Dot

In other Green Dot news, insider Topline Capital Management, Ll purchased 36,671 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was bought at an average cost of $12.49 per share, with a total value of $458,020.79. Following the purchase, the insider now directly owns 5,995,422 shares of the company’s stock, valued at $74,882,820.78. The trade was a 0.62 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Topline Capital Partners, Lp acquired 135,123 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was acquired at an average cost of $10.94 per share, for a total transaction of $1,478,245.62. Following the transaction, the insider now owns 6,292,788 shares of the company’s stock, valued at $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 quarter, insiders have purchased 334,037 shares of company stock valued at $3,862,091. 1.10% of the stock is currently owned by corporate insiders.

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.