Proficio Capital Partners LLC Invests $294,000 in Green Dot Co. (NYSE:GDOT)

Proficio Capital Partners LLC purchased a new stake in Green Dot Co. (NYSE:GDOT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,643 shares of the financial services provider’s stock, valued at approximately $294,000. Proficio Capital Partners LLC owned approximately 0.05% of Green Dot at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. New York State Common Retirement Fund grew its position 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 worth $127,000 after acquiring an additional 4,600 shares in the last quarter. Intech Investment Management LLC boosted 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 worth $234,000 after purchasing an additional 4,977 shares during the period. Illinois Municipal Retirement Fund boosted 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 worth $288,000 after purchasing an additional 2,954 shares during the period. Quantbot Technologies LP increased its stake in Green Dot by 49.7% during the third quarter. Quantbot Technologies LP now owns 30,750 shares of the financial services provider’s stock valued at $360,000 after purchasing an additional 10,212 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Green Dot by 62.8% during the third quarter. FMR LLC now owns 43,835 shares of the financial services provider’s stock worth $513,000 after purchasing an additional 16,917 shares during the period. 92.56% of the stock is currently owned by institutional investors.

Green Dot Stock Up 2.9 %

Green Dot stock opened at $8.40 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 0.52. Green Dot Co. has a one year low of $6.12 and a one year high of $13.58. The company has a 50-day simple moving average of $8.34 and a 200-day simple moving average of $10.05. The firm has a market capitalization of $455.75 million, a P/E ratio of -8.00 and a beta of 1.06.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, major shareholder Topline Capital Partners, Lp sold 331,339 shares of the stock in a transaction dated 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 transaction, the insider now owns 5,376,787 shares in the company, valued at $56,671,334.98. This represents a 5.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Topline Capital Management, Ll sold 247,230 shares of the business’s stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $10.54, for a total transaction of $2,605,804.20. Following the sale, the insider now owns 6,088,737 shares in the company, valued at $64,175,287.98. This trade represents a 3.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 959,180 shares of company stock worth $10,071,696. 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.