Green Dot Co. (NYSE:GDOT) Insider Topline Capital Management, Ll Acquires 36,671 Shares

Green Dot Co. (NYSE:GDOT) insider Topline Capital Management, Ll bought 36,671 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was purchased at an average price of $12.49 per share, with a total value of $458,020.79. Following the completion of the purchase, the insider now directly owns 5,995,422 shares of the company’s stock, valued at approximately $74,882,820.78. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Green Dot Stock Performance

Shares of NYSE:GDOT opened at $10.68 on Friday. The company’s fifty day moving average is $10.80 and its 200-day moving average is $9.84. Green Dot Co. has a 52 week low of $7.30 and a 52 week high of $13.54. The company has a market capitalization of $568.02 million, a PE ratio of -22.71 and a beta of 0.92.

Green Dot (NYSE:GDOT) last announced its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The firm had revenue of $407.10 million during the quarter, compared to the consensus estimate of $381.87 million. Green Dot had a negative net margin of 3.41% and a positive return on equity of 4.01%. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the firm posted $0.20 EPS. On average, analysts forecast that Green Dot Co. will post 1 EPS for the current year.

Wall Street Analyst Weigh In

GDOT has been the topic of several analyst reports. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $11.00 price target on shares of Green Dot in a report on Monday, July 22nd. Barclays upped their target price on shares of Green Dot from $7.00 to $10.00 and gave the company an “underweight” rating in a research note on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Green Dot has a consensus rating of “Hold” and an average target price of $11.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Nisa Investment Advisors LLC raised its position in Green Dot by 162.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,602 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 1,609 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of Green Dot in the second quarter valued at $25,000. Headlands Technologies LLC raised its holdings in shares of Green Dot by 89.2% in the first quarter. Headlands Technologies LLC now owns 2,743 shares of the financial services provider’s stock valued at $26,000 after buying an additional 1,293 shares during the last quarter. UMB Bank n.a. lifted its position in Green Dot by 98.3% during the 1st quarter. UMB Bank n.a. now owns 2,855 shares of the financial services provider’s stock worth $27,000 after buying an additional 1,415 shares in the last quarter. Finally, Quarry LP bought a new stake in Green Dot during the 2nd quarter worth about $32,000. 92.56% of the stock is owned by institutional investors and hedge funds.

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.