AMH Equity Ltd Sells 88,000 Shares of Green Dot Co. (NYSE:GDOT)

AMH Equity Ltd decreased its stake in shares of Green Dot Co. (NYSE:GDOT) by 88.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,000 shares of the financial services provider’s stock after selling 88,000 shares during the quarter. AMH Equity Ltd’s holdings in Green Dot were worth $128,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Illinois Municipal Retirement Fund raised its stake in shares of Green Dot by 12.2% during the fourth quarter. Illinois Municipal Retirement Fund now owns 27,070 shares of the financial services provider’s stock valued at $288,000 after acquiring an additional 2,954 shares in the last quarter. New York State Common Retirement Fund raised its position in Green Dot by 63.1% during 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. Principal Financial Group Inc. lifted its holdings in shares of Green Dot by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 260,772 shares of the financial services provider’s stock worth $2,775,000 after buying an additional 7,642 shares during the period. Empowered Funds LLC grew its position in shares of Green Dot by 5.1% during the 4th quarter. Empowered Funds LLC now owns 185,482 shares of the financial services provider’s stock worth $1,974,000 after buying an additional 9,044 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Green Dot by 31.0% during the third quarter. JPMorgan Chase & Co. now owns 331,802 shares of the financial services provider’s stock valued at $3,885,000 after buying an additional 78,547 shares during the period. 92.56% of the stock is owned by hedge funds and other institutional investors.

Green Dot Stock Performance

GDOT stock opened at $8.48 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.52 and a quick ratio of 0.52. Green Dot Co. has a 1-year low of $7.70 and a 1-year high of $13.58. The business has a 50-day moving average price of $9.39 and a 200 day moving average price of $10.54. The company has a market capitalization of $455.84 million, a P/E ratio of -8.07 and a beta of 0.90.

Insider Activity

In other Green Dot news, insider Topline Capital Management, Ll sold 247,230 shares of Green Dot stock in a transaction dated 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 owns 6,088,737 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Topline Capital Partners, Lp sold 331,339 shares of the business’s stock in a transaction dated 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 owns 5,376,787 shares of the company’s stock, valued at $56,671,334.98. This represents a 5.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 959,180 shares of company stock worth $10,071,696. 1.10% of the stock is currently owned by corporate insiders.

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.