27,643 Shares in Green Dot Co. (NYSE:GDOT) Bought by Proficio Capital Partners LLC

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

Other hedge funds and other institutional investors have also modified their holdings of the company. New York State Common Retirement Fund raised its holdings 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 worth $127,000 after buying an additional 4,600 shares during the period. Intech Investment Management LLC increased its position in shares of 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 acquiring an additional 4,977 shares in the last quarter. Illinois Municipal Retirement Fund raised its holdings 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 during the period. Quantbot Technologies LP lifted its position in shares of Green Dot by 49.7% in the 3rd quarter. Quantbot Technologies LP now owns 30,750 shares of the financial services provider’s stock valued at $360,000 after acquiring an additional 10,212 shares in the last quarter. Finally, FMR LLC boosted its stake in Green Dot by 62.8% in the 3rd 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. Institutional investors and hedge funds own 92.56% of the company’s stock.

Insider Buying and Selling

In related news, insider Topline Capital Management, Ll sold 247,230 shares of the stock in a transaction that occurred on 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 approximately $64,175,287.98. This represents a 3.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Topline Capital Partners, Lp sold 331,339 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 5,376,787 shares in the company, valued at approximately $56,671,334.98. The trade was a 5.80 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 959,180 shares of company stock worth $10,071,696. Corporate insiders own 1.10% of the company’s stock.

Green Dot Stock Up 2.9 %

GDOT stock opened at $8.40 on Thursday. The company has a 50 day moving average of $8.34 and a two-hundred day moving average of $10.05. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.05. Green Dot Co. has a 12-month low of $6.12 and a 12-month high of $13.58. The company has a market cap of $455.75 million, a price-to-earnings ratio of -8.00 and a beta of 1.06.

Analyst Ratings Changes

GDOT has been the topic of several recent analyst reports. Craig Hallum raised shares of Green Dot from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Friday, March 14th. 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. Finally, Barclays decreased their price objective 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.

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.