Jane Street Group LLC Sells 54,595 Shares of Green Dot Co. (NYSE:GDOT)

Jane Street Group LLC trimmed its position in shares of Green Dot Co. (NYSE:GDOT) by 74.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,754 shares of the financial services provider’s stock after selling 54,595 shares during the quarter. Jane Street Group LLC’s holdings in Green Dot were worth $220,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp grew its position in shares of Green Dot by 5.6% in the 3rd quarter. State Street Corp now owns 2,520,389 shares of the financial services provider’s stock valued at $29,514,000 after buying an additional 133,200 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its holdings in Green Dot by 24.9% in the second quarter. Thompson Siegel & Walmsley LLC now owns 525,377 shares of the financial services provider’s stock valued at $4,965,000 after acquiring an additional 104,829 shares during the last quarter. American Century Companies Inc. increased 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 valued at $3,049,000 after purchasing an additional 142,377 shares during the period. Principal Financial Group Inc. raised its holdings 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 purchasing an additional 26,676 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in shares of Green Dot by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 176,438 shares of the financial services provider’s stock worth $2,066,000 after purchasing an additional 8,978 shares during the period. 92.56% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Green Dot news, insider Topline Capital Management, Ll sold 247,230 shares of the company’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of $10.54, for a total transaction of $2,605,804.20. Following the transaction, the insider now owns 6,088,737 shares in the company, valued at approximately $64,175,287.98. This represents a 3.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Topline Capital Partners, Lp acquired 135,123 shares of Green Dot stock in a transaction dated Friday, November 8th. The shares were acquired at an average price of $10.94 per share, with a total value of $1,478,245.62. Following the completion of the acquisition, the insider now directly owns 6,292,788 shares of the company’s stock, valued at approximately $68,843,100.72. The trade was a 2.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 959,180 shares of company stock worth $10,071,696. 1.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Craig Hallum increased their price objective on shares of Green Dot from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Barclays increased their price target on Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $10.75.

Green Dot Stock Performance

Shares of GDOT stock opened at $8.91 on Monday. 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 firm has a 50 day moving average of $10.64 and a 200-day moving average of $10.65. The company has a market cap of $479.24 million, a price-to-earnings ratio of -8.49 and a beta of 0.89.

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.