AlphaQuest LLC Decreases Position in Green Dot Co. (NYSE:GDOT)

AlphaQuest LLC cut its stake in Green Dot Co. (NYSE:GDOT) by 78.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,080 shares of the financial services provider’s stock after selling 50,816 shares during the quarter. AlphaQuest LLC’s holdings in Green Dot were worth $150,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GDOT. State Street Corp lifted its stake in Green Dot by 5.6% in the 3rd quarter. State Street Corp now owns 2,520,389 shares of the financial services provider’s stock valued at $29,514,000 after buying an additional 133,200 shares in the last quarter. Geode Capital Management LLC raised its holdings in Green Dot by 9.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,222,996 shares of the financial services provider’s stock valued at $14,324,000 after acquiring an additional 101,008 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Green Dot by 31.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 331,802 shares of the financial services provider’s stock valued at $3,885,000 after acquiring an additional 78,547 shares during the last quarter. Barclays PLC raised its holdings in Green Dot by 342.0% in the 3rd quarter. Barclays PLC now owns 88,504 shares of the financial services provider’s stock valued at $1,036,000 after acquiring an additional 68,481 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in Green Dot in the 4th quarter valued at about $294,000. 92.56% of the stock is owned by hedge funds and other institutional investors.

Green Dot Stock Down 4.2 %

Shares of NYSE GDOT opened at $7.42 on Tuesday. The company has a 50 day simple moving average of $8.53 and a 200-day simple moving average of $10.20. The company has a market capitalization of $402.12 million, a P/E ratio of -7.06 and a beta of 1.06. 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 $6.12 and a 1 year high of $13.58.

Wall Street Analyst Weigh In

GDOT has been the subject of a number of recent research reports. Barclays cut their price objective on shares of Green Dot from $10.00 to $7.00 and set an “underweight” rating for the company in a report on Monday, March 3rd. Craig Hallum upgraded 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. Finally, Keefe, Bruyette & Woods cut their price target on shares of Green Dot from $12.00 to $10.00 and set a “market perform” rating for the company in a report on Friday, February 28th.

Insider Transactions at Green Dot

In related news, insider Topline Capital Management, Ll sold 380,611 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now owns 5,708,126 shares of the company’s stock, valued at approximately $59,592,835.44. This trade represents a 6.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Topline Capital Partners, Lp sold 331,339 shares of the 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 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 disclosure for this sale can be found here. Insiders 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.

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.