Charles Schwab Investment Management Inc. Sells 93,881 Shares of Green Dot Co. (NYSE:GDOT)

Charles Schwab Investment Management Inc. decreased its stake in Green Dot Co. (NYSE:GDOT) by 12.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 640,654 shares of the financial services provider’s stock after selling 93,881 shares during the period. Charles Schwab Investment Management Inc. owned 1.19% of Green Dot worth $6,817,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. New York State Common Retirement Fund lifted its stake in 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 during the last quarter. Intech Investment Management LLC lifted its position in shares of 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 boosted its stake in shares of Green Dot by 12.2% during the 4th quarter. Illinois Municipal Retirement Fund now owns 27,070 shares of the financial services provider’s stock worth $288,000 after acquiring an additional 2,954 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Green Dot during the 4th quarter worth approximately $294,000. Finally, Quantbot Technologies LP raised its stake 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 valued at $360,000 after acquiring an additional 10,212 shares during the period. Institutional investors own 92.56% of the company’s stock.

Green Dot Price Performance

Shares of GDOT stock opened at $7.89 on Tuesday. 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 company has a market cap of $427.60 million, a P/E ratio of -7.51 and a beta of 1.06. Green Dot Co. has a twelve month low of $6.12 and a twelve month high of $13.58. The business has a fifty day simple moving average of $8.37 and a 200 day simple moving average of $10.08.

Wall Street Analyst Weigh In

Several research analysts have weighed in on GDOT shares. Barclays lowered their price target on shares of Green Dot from $10.00 to $7.00 and set an “underweight” rating on the stock in a report on Monday, March 3rd. Keefe, Bruyette & Woods lowered their target price on Green Dot from $12.00 to $10.00 and set a “market perform” rating on the stock in a research note on Friday, February 28th. Finally, Craig Hallum upgraded Green Dot from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Friday, March 14th.

Insider Buying and Selling

In related news, insider Topline Capital Management, Ll sold 247,230 shares of Green Dot 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 transaction, the insider now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Topline Capital Partners, Lp sold 331,339 shares of the firm’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 transaction, 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 disclosure for this sale can be found here. Insiders have sold 959,180 shares of company stock worth $10,071,696 in the last 90 days. Insiders own 1.10% of the company’s stock.

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.