Green Dot Co. (NYSE:GDOT) Shares Purchased by Fmr LLC

Fmr LLC raised its stake in Green Dot Co. (NYSE:GDOT) by 62.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,835 shares of the financial services provider’s stock after acquiring an additional 16,917 shares during the period. Fmr LLC owned 0.08% of Green Dot worth $513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in GDOT. American Century Companies Inc. grew its position in Green Dot by 79.0% during the 2nd quarter. American Century Companies Inc. now owns 322,692 shares of the financial services provider’s stock worth $3,049,000 after purchasing an additional 142,377 shares during the last quarter. Quest Partners LLC purchased a new stake in Green Dot during the 2nd quarter valued at approximately $685,000. Principal Financial Group Inc. lifted its position in Green Dot by 11.8% during the 3rd quarter. Principal Financial Group Inc. now owns 253,130 shares of the financial services provider’s stock worth $2,964,000 after acquiring an additional 26,676 shares during the period. Thompson Siegel & Walmsley LLC grew its stake in shares of Green Dot by 24.9% in 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 purchasing an additional 104,829 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Green Dot by 118.8% in the third quarter. SG Americas Securities LLC now owns 25,687 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 13,948 shares during the period. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Green Dot Trading Down 6.2 %

Shares of GDOT opened at $10.57 on Thursday. Green Dot Co. has a twelve month low of $7.70 and a twelve month high of $13.58. 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 $568.53 million, a P/E ratio of -10.07 and a beta of 0.90. The firm’s 50-day moving average is $11.10 and its two-hundred day moving average is $10.57.

Analyst Ratings Changes

A number of research firms recently weighed in on GDOT. Craig Hallum lifted their price objective 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 boosted their price target on shares of Green Dot from $7.00 to $10.00 and gave the stock 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 assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $10.75.

Insider Buying and Selling

In other Green Dot news, major shareholder Topline Capital Partners, Lp bought 162,243 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was purchased at an average cost of $11.87 per share, for a total transaction of $1,925,824.41. Following the acquisition, the insider now owns 6,157,665 shares of the company’s stock, valued at $73,091,483.55. The trade was a 2.71 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Topline Capital Management, Ll acquired 36,671 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were acquired at an average cost of $12.49 per share, with a total value of $458,020.79. Following the completion of the purchase, the insider now owns 5,995,422 shares in the company, valued at approximately $74,882,820.78. This represents a 0.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 334,037 shares of company stock worth $3,862,091 in the last quarter. Company insiders own 1.10% of the company’s stock.

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.