Green Dot Co. (NYSE:GDOT) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in Green Dot Co. (NYSE:GDOT) by 12.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,914 shares of the financial services provider’s stock after selling 15,081 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.20% of Green Dot worth $1,229,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in shares of Green Dot by 79.0% in the second quarter. American Century Companies Inc. now owns 322,692 shares of the financial services provider’s stock worth $3,049,000 after acquiring an additional 142,377 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its holdings in shares of Green Dot by 24.9% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 525,377 shares of the financial services provider’s stock valued at $4,965,000 after buying an additional 104,829 shares during the period. Bank of New York Mellon Corp lifted its position in Green Dot by 17.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 544,166 shares of the financial services provider’s stock worth $5,142,000 after acquiring an additional 82,022 shares in the last quarter. Quest Partners LLC purchased a new position in Green Dot in the 2nd quarter worth approximately $685,000. Finally, Marshall Wace LLP acquired a new stake in Green Dot in the second quarter valued at approximately $304,000. 92.56% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Green Dot

In other Green Dot news, major shareholder Topline Capital Partners, Lp acquired 162,243 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was acquired at an average price of $11.87 per share, with a total value of $1,925,824.41. Following the transaction, the insider now directly owns 6,157,665 shares in the company, valued at approximately $73,091,483.55. This represents a 2.71 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Topline Capital Management, Ll bought 36,671 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was acquired at an average cost of $12.49 per share, for a total transaction of $458,020.79. Following the acquisition, 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 disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 334,037 shares of company stock valued at $3,862,091. Insiders own 1.10% of the company’s stock.

Green Dot Stock Up 0.6 %

Shares of NYSE:GDOT opened at $11.27 on Wednesday. The firm has a market cap of $605.91 million, a PE ratio of -10.73 and a beta of 0.90. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05. Green Dot Co. has a 12-month low of $7.70 and a 12-month high of $13.58. The company has a fifty day simple moving average of $11.10 and a 200 day simple moving average of $10.57.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. 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 note on Friday, October 4th. Barclays boosted their price objective on shares of Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a report on Monday, September 23rd. 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $10.75.

About Green Dot

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.