Walleye Capital LLC Has $240,000 Stock Holdings in Green Dot Co. (NYSE:GDOT)

Walleye Capital LLC decreased its position in Green Dot Co. (NYSE:GDOT) by 32.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,510 shares of the financial services provider’s stock after selling 10,074 shares during the period. Walleye Capital LLC’s holdings in Green Dot were worth $240,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Headlands Technologies LLC lifted its stake in Green Dot by 44.3% in the 2nd quarter. Headlands Technologies LLC now owns 3,957 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 1,214 shares in the last quarter. Point72 Asset Management L.P. increased its position 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 purchasing an additional 1,430 shares during the period. SummerHaven Investment Management LLC increased its position in shares of Green Dot by 4.0% in the second quarter. SummerHaven Investment Management LLC now owns 39,707 shares of the financial services provider’s stock worth $375,000 after purchasing an additional 1,524 shares during the period. Nisa Investment Advisors LLC increased its position in shares of 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 worth $25,000 after purchasing an additional 1,609 shares during the period. Finally, CWM LLC grew its position in Green Dot by 39.2% in the second quarter. CWM LLC now owns 6,006 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 1,691 shares during the last quarter. Institutional investors own 92.56% of the company’s stock.

Green Dot Price Performance

Shares of Green Dot stock opened at $10.93 on Wednesday. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $587.89 million, a PE ratio of -10.41 and a beta of 0.90. The business’s 50-day moving average price is $11.09 and its 200-day moving average price is $10.54. Green Dot Co. has a 12 month low of $7.70 and a 12 month high of $13.58.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on GDOT shares. Barclays lifted their target price 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 boosted their price target on Green Dot from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Green Dot presently has an average rating of “Hold” and a consensus price target of $10.75.

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.