US Bancorp DE Reduces Position in Green Dot Co. (NYSE:GDOT)

US Bancorp DE trimmed its holdings in shares of Green Dot Co. (NYSE:GDOT) by 47.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,439 shares of the financial services provider’s stock after selling 13,295 shares during the quarter. US Bancorp DE’s holdings in Green Dot were worth $154,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. New York State Common Retirement Fund increased its position in shares of Green Dot by 63.1% during the fourth quarter. New York State Common Retirement Fund now owns 11,892 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 4,600 shares during the last quarter. Amalgamated Bank increased its holdings in Green Dot by 14.0% in the third quarter. Amalgamated Bank now owns 15,607 shares of the financial services provider’s stock valued at $183,000 after buying an additional 1,920 shares during the last quarter. Intech Investment Management LLC increased its holdings in Green Dot by 33.1% in the third quarter. Intech Investment Management LLC now owns 20,007 shares of the financial services provider’s stock valued at $234,000 after buying an additional 4,977 shares during the last quarter. Illinois Municipal Retirement Fund increased its holdings in Green Dot by 12.2% in the fourth quarter. Illinois Municipal Retirement Fund now owns 27,070 shares of the financial services provider’s stock valued at $288,000 after buying an additional 2,954 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in Green Dot in the fourth quarter valued at about $294,000. 92.56% of the stock is owned by hedge funds and other institutional investors.

Green Dot Stock Performance

Shares of GDOT stock opened at $7.73 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.05. The business has a 50 day moving average of $8.57 and a two-hundred day moving average of $10.23. Green Dot Co. has a 52 week low of $6.12 and a 52 week high of $13.58. The company has a market cap of $415.50 million, a P/E ratio of -7.36 and a beta of 1.06.

Wall Street Analyst Weigh In

GDOT has been the subject of several research analyst reports. Craig Hallum raised Green Dot from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Friday. Keefe, Bruyette & Woods lowered their price objective on Green Dot from $12.00 to $10.00 and set a “market perform” rating for the company in a report on Friday, February 28th. Finally, Barclays lowered their price objective on Green Dot from $10.00 to $7.00 and set an “underweight” rating for the company in a report on Monday, March 3rd.

Insider Buying and Selling at Green Dot

In other news, major shareholder Topline Capital Partners, Lp sold 331,339 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 5,376,787 shares in the company, valued at approximately $56,671,334.98. The trade was a 5.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Topline Capital Management, Ll sold 380,611 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $10.44, for a total value of $3,973,578.84. Following the transaction, the insider now owns 5,708,126 shares of the company’s stock, valued at approximately $59,592,835.44. This represents a 6.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 959,180 shares of company stock worth $10,071,696 over the last ninety days. Company insiders own 1.10% of the company’s stock.

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.