Green Dot Co. (NYSE:GDOT) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in Green Dot Co. (NYSE:GDOT) by 12.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 104,914 shares of the financial services provider’s stock after selling 15,081 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Green Dot were worth $1,229,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Headlands Technologies LLC grew its position in Green Dot by 44.3% during the 2nd quarter. Headlands Technologies LLC now owns 3,957 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 1,214 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of Green Dot by 7.3% during the second quarter. Point72 Asset Management L.P. now owns 21,130 shares of the financial services provider’s stock worth $200,000 after purchasing an additional 1,430 shares during the period. SummerHaven Investment Management LLC grew its position in Green Dot by 4.0% during the second quarter. SummerHaven Investment Management LLC now owns 39,707 shares of the financial services provider’s stock valued at $375,000 after purchasing an additional 1,524 shares in the last quarter. Nisa Investment Advisors LLC increased its stake 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 buying an additional 1,609 shares during the period. Finally, CWM LLC lifted its position in Green Dot by 39.2% in the 2nd quarter. CWM LLC now owns 6,006 shares of the financial services provider’s stock worth $57,000 after buying an additional 1,691 shares in the last quarter. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Green Dot Stock Up 0.6 %

GDOT opened at $11.27 on Wednesday. The business has a 50 day moving average of $11.10 and a 200-day moving average of $10.57. The stock has a market capitalization of $605.91 million, a price-to-earnings ratio of -10.73 and a beta of 0.90. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05. Green Dot Co. has a 1-year low of $7.70 and a 1-year high of $13.58.

Analyst Ratings Changes

A number of analysts recently issued reports on GDOT shares. Craig Hallum lifted their price objective on Green Dot from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Friday, October 4th. Barclays boosted their target price on shares of Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a research report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Green Dot has an average rating of “Hold” and an average target price of $10.75.

Insider Transactions at Green Dot

In other news, major shareholder Topline Capital Partners, Lp acquired 162,243 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were bought at an average price of $11.87 per share, with a total value of $1,925,824.41. Following the acquisition, the insider now owns 6,157,665 shares of the company’s stock, valued at $73,091,483.55. This trade represents a 2.71 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Topline Capital Management, Ll acquired 36,671 shares of the stock in a transaction dated Monday, September 23rd. The shares were purchased at an average price of $12.49 per share, for a total transaction of $458,020.79. Following the completion of the transaction, the insider now owns 5,995,422 shares of the company’s stock, valued at $74,882,820.78. This trade represents a 0.62 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 334,037 shares of company stock worth $3,862,091. 1.10% of the stock is currently owned by company insiders.

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.