Penserra Capital Management LLC Has $923,000 Stake in Green Dot Co. (NYSE:GDOT)

Penserra Capital Management LLC cut its stake in Green Dot Co. (NYSE:GDOT) by 13.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 78,835 shares of the financial services provider’s stock after selling 12,035 shares during the period. Penserra Capital Management LLC’s holdings in Green Dot were worth $923,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. SG Capital Management LLC bought a new stake in shares of Green Dot in the first quarter valued at about $4,254,000. American Century Companies Inc. lifted its stake in Green Dot by 79.0% in the 2nd quarter. American Century Companies Inc. now owns 322,692 shares of the financial services provider’s stock valued at $3,049,000 after acquiring an additional 142,377 shares in the last quarter. Thompson Siegel & Walmsley LLC boosted its position in Green Dot by 24.9% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 525,377 shares of the financial services provider’s stock worth $4,965,000 after acquiring an additional 104,829 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Green Dot by 17.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 544,166 shares of the financial services provider’s stock worth $5,142,000 after acquiring an additional 82,022 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of Green Dot in the second quarter valued at approximately $685,000. Institutional investors own 92.56% of the company’s stock.

Green Dot Price Performance

Shares of GDOT opened at $10.27 on Thursday. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05. The company’s fifty day simple moving average is $11.38 and its 200 day simple moving average is $10.51. Green Dot Co. has a 1-year low of $7.70 and a 1-year high of $13.58. The company has a market cap of $552.42 million, a price-to-earnings ratio of -9.71 and a beta of 0.91.

Analysts Set New Price Targets

GDOT has been the subject of several recent research reports. Barclays increased their target price on shares of Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a report on Monday, September 23rd. Craig Hallum raised their price objective on Green Dot from $10.00 to $11.00 and gave the company a “hold” rating in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Green Dot presently has a consensus rating of “Hold” and an average price target of $10.75.

Insider Transactions at Green Dot

In other Green Dot news, insider Topline Capital Management, Ll purchased 36,671 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were acquired at an average price of $12.49 per share, for a total transaction of $458,020.79. Following the purchase, the insider now owns 5,995,422 shares in the company, valued at approximately $74,882,820.78. The trade was a 0.62 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Topline Capital Partners, Lp acquired 162,243 shares of Green Dot stock in a transaction on Tuesday, September 24th. The shares were bought at an average cost of $11.87 per share, with a total value of $1,925,824.41. Following the completion of the transaction, the insider now owns 6,157,665 shares of the company’s stock, valued at approximately $73,091,483.55. This trade represents a 2.71 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 334,037 shares of company stock worth $3,862,091 in the last ninety days. Insiders own 1.10% of the company’s stock.

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.