New York State Common Retirement Fund Acquires 4,600 Shares of Green Dot Co. (NYSE:GDOT)

New York State Common Retirement Fund raised its holdings in shares of Green Dot Co. (NYSE:GDOT) by 63.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 11,892 shares of the financial services provider’s stock after purchasing an additional 4,600 shares during the period. New York State Common Retirement Fund’s holdings in Green Dot were worth $127,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GDOT. Principal Financial Group Inc. increased its holdings in shares of Green Dot by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 260,772 shares of the financial services provider’s stock valued at $2,775,000 after acquiring an additional 7,642 shares during the period. Empowered Funds LLC boosted its position in Green Dot by 5.1% during the fourth quarter. Empowered Funds LLC now owns 185,482 shares of the financial services provider’s stock valued at $1,974,000 after purchasing an additional 9,044 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Green Dot by 31.0% in the third quarter. JPMorgan Chase & Co. now owns 331,802 shares of the financial services provider’s stock valued at $3,885,000 after purchasing an additional 78,547 shares during the last quarter. Barclays PLC grew its stake in Green Dot by 342.0% in the third quarter. Barclays PLC now owns 88,504 shares of the financial services provider’s stock valued at $1,036,000 after purchasing an additional 68,481 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Green Dot by 9.0% in the third quarter. Geode Capital Management LLC now owns 1,222,996 shares of the financial services provider’s stock worth $14,324,000 after purchasing an additional 101,008 shares in the last quarter. Institutional investors own 92.56% of the company’s stock.

Insider Buying and Selling

In other Green Dot news, major shareholder Topline Capital Partners, Lp sold 331,339 shares of Green Dot stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $10.54, for a total transaction of $3,492,313.06. Following the completion of the sale, the insider now owns 5,376,787 shares of the company’s stock, valued at approximately $56,671,334.98. The trade was a 5.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Topline Capital Management, Ll sold 247,230 shares of the business’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $10.54, for a total value of $2,605,804.20. Following the sale, the insider now owns 6,088,737 shares in the company, valued at approximately $64,175,287.98. The trade was a 3.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 959,180 shares of company stock worth $10,071,696 in the last three months. Corporate insiders own 1.10% of the company’s stock.

Green Dot Price Performance

Shares of GDOT stock opened at $7.10 on Thursday. Green Dot Co. has a fifty-two week low of $6.42 and a fifty-two week high of $13.58. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 0.52. The firm has a market capitalization of $381.62 million, a price-to-earnings ratio of -6.76 and a beta of 0.90. The stock’s 50-day simple moving average is $9.13 and its 200-day simple moving average is $10.45.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GDOT. Barclays cut their price objective on shares of Green Dot from $10.00 to $7.00 and set an “underweight” rating on the stock in a research report on Monday. Keefe, Bruyette & Woods cut their price target on shares of Green Dot from $12.00 to $10.00 and set a “market perform” rating on the stock in a report on Friday, February 28th.

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.