Barclays PLC Boosts Stock Position in Green Dot Co. (NYSE:GDOT)

Barclays PLC grew its stake in shares of Green Dot Co. (NYSE:GDOT) by 342.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 88,504 shares of the financial services provider’s stock after acquiring an additional 68,481 shares during the period. Barclays PLC owned 0.16% of Green Dot worth $1,036,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. nVerses Capital LLC bought a new position in shares of Green Dot in the second quarter worth $25,000. Quarry LP bought a new position in shares of Green Dot in the second quarter worth $32,000. Headlands Technologies LLC increased its holdings in shares of Green Dot by 44.3% in the second 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 period. Torno Capital LLC bought a new position in shares of Green Dot in the second quarter worth $38,000. Finally, Versor Investments LP bought a new position in shares of Green Dot in the second quarter worth $105,000. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Insider Activity at Green Dot

In related news, major shareholder Topline Capital Partners, Lp acquired 135,123 shares of Green Dot stock in a transaction dated Friday, November 8th. The shares were purchased at an average cost of $10.94 per share, with a total value of $1,478,245.62. Following the completion of the purchase, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on GDOT shares. Barclays upped their price target 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. Craig Hallum upped their price target on shares of Green Dot from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, October 4th. One 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 stock. According to MarketBeat.com, Green Dot currently has an average rating of “Hold” and an average target price of $10.75.

Green Dot Stock Down 1.2 %

GDOT opened at $10.44 on Tuesday. The stock has a market cap of $561.54 million, a PE ratio of -9.94 and a beta of 0.90. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.05. Green Dot Co. has a 52 week low of $7.70 and a 52 week high of $13.58. The business’s fifty day simple moving average is $10.95 and its 200 day simple moving average is $10.62.

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.