Amundi Grows Stock Position in Green Dot Co. (NYSE:GDOT)

Amundi lifted its holdings in Green Dot Co. (NYSE:GDOT) by 209.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,754 shares of the financial services provider’s stock after purchasing an additional 18,783 shares during the period. Amundi owned about 0.05% of Green Dot worth $295,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of GDOT. New York State Common Retirement Fund increased its stake in shares of Green Dot by 63.1% in the 4th quarter. New York State Common Retirement Fund now owns 11,892 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 4,600 shares in the last quarter. Intech Investment Management LLC boosted its holdings in Green Dot by 33.1% in the 3rd quarter. Intech Investment Management LLC now owns 20,007 shares of the financial services provider’s stock worth $234,000 after buying an additional 4,977 shares during the last quarter. Illinois Municipal Retirement Fund boosted its holdings in Green Dot by 12.2% in the 4th quarter. Illinois Municipal Retirement Fund now owns 27,070 shares of the financial services provider’s stock worth $288,000 after buying an additional 2,954 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Green Dot in the 4th quarter worth about $294,000. Finally, Quantbot Technologies LP boosted its holdings in Green Dot by 49.7% in the 3rd quarter. Quantbot Technologies LP now owns 30,750 shares of the financial services provider’s stock worth $360,000 after buying an additional 10,212 shares during the last quarter. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on GDOT shares. Barclays lowered their price objective on Green Dot from $10.00 to $7.00 and set an “underweight” rating on the stock in a report on Monday, March 3rd. Craig Hallum upgraded Green Dot from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Friday, March 14th. Finally, Keefe, Bruyette & Woods lowered their price objective on 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 Trading Up 3.0 %

Shares of Green Dot stock opened at $7.84 on Friday. The stock has a market cap of $424.89 million, a P/E ratio of -7.46 and a beta of 1.06. The stock’s 50 day simple moving average is $8.39 and its 200-day simple moving average is $10.11. Green Dot Co. has a 1-year low of $6.12 and a 1-year high of $13.58. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.52 and a quick ratio of 0.52.

Insider Activity at Green Dot

In other Green Dot news, insider Topline Capital Management, Ll sold 247,230 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The stock was 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 of the company’s stock, valued at $64,175,287.98. The trade was a 3.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 shares were sold at an average price of $10.54, for a total value of $3,492,313.06. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 959,180 shares of company stock worth $10,071,696. 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.