Green Dot Co. (NYSE:GDOT) Shares Sold by US Bancorp DE

US Bancorp DE cut its holdings in shares of Green Dot Co. (NYSE:GDOT) by 47.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,439 shares of the financial services provider’s stock after selling 13,295 shares during the period. US Bancorp DE’s holdings in Green Dot were worth $154,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. New York State Common Retirement Fund lifted its position in Green Dot by 63.1% in the fourth quarter. New York State Common Retirement Fund now owns 11,892 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 4,600 shares during the period. Amalgamated Bank lifted its position in Green Dot by 14.0% in the third quarter. Amalgamated Bank now owns 15,607 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 1,920 shares during the period. Intech Investment Management LLC lifted its position 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 lifted its position 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. Finally, Proficio Capital Partners LLC acquired a new stake in Green Dot in the fourth quarter worth approximately $294,000. 92.56% of the stock is currently owned by institutional investors and hedge funds.

Green Dot Price Performance

NYSE GDOT opened at $7.73 on Friday. The stock has a market capitalization of $415.50 million, a P/E ratio of -7.36 and a beta of 1.06. Green Dot Co. has a 1 year low of $6.12 and a 1 year high of $13.58. The business’s fifty day moving average is $8.57 and its two-hundred day moving average is $10.23. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 0.52.

Insider Buying and Selling at Green Dot

In other Green Dot news, major shareholder Topline Capital Partners, Lp sold 331,339 shares of the business’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $10.54, for a total transaction of $3,492,313.06. Following the sale, the insider now directly owns 5,376,787 shares of the company’s stock, valued at $56,671,334.98. The trade was a 5.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Topline Capital Management, Ll sold 380,611 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $10.44, for a total transaction of $3,973,578.84. Following the sale, the insider now directly owns 5,708,126 shares in the company, valued at approximately $59,592,835.44. This trade represents a 6.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 959,180 shares of company stock valued at $10,071,696. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on GDOT. Craig Hallum upgraded Green Dot from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Friday. Barclays cut their target price on Green Dot from $10.00 to $7.00 and set an “underweight” rating for the company in a research report 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 report on Friday, February 28th.

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.