Quantbot Technologies LP Increases Position in Green Dot Co. (NYSE:GDOT)

Quantbot Technologies LP lifted its holdings in Green Dot Co. (NYSE:GDOT) by 104.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 62,800 shares of the financial services provider’s stock after buying an additional 32,050 shares during the quarter. Quantbot Technologies LP owned approximately 0.12% of Green Dot worth $668,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of GDOT. Intech Investment Management LLC lifted its holdings in Green Dot by 118.1% during the 4th quarter. Intech Investment Management LLC now owns 43,643 shares of the financial services provider’s stock valued at $464,000 after buying an additional 23,636 shares in the last quarter. Swiss National Bank raised its stake in shares of Green Dot by 2.5% during the fourth quarter. Swiss National Bank now owns 95,100 shares of the financial services provider’s stock valued at $1,012,000 after acquiring an additional 2,300 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Green Dot by 2.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 143,372 shares of the financial services provider’s stock valued at $1,525,000 after purchasing an additional 3,152 shares during the period. Amundi grew its stake in Green Dot by 209.4% in the fourth quarter. Amundi now owns 27,754 shares of the financial services provider’s stock worth $295,000 after purchasing an additional 18,783 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in Green Dot during the 4th quarter worth $294,000. 92.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GDOT has been the subject of several research reports. 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 report on Friday, March 14th. Keefe, Bruyette & Woods dropped their target price on shares of Green Dot from $12.00 to $10.00 and set a “market perform” rating on the stock in a report on Friday, February 28th. Finally, Barclays cut their target price on shares of Green Dot from $10.00 to $7.00 and set an “underweight” rating on the stock in a research report on Monday, March 3rd.

Green Dot Trading Up 1.7 %

Shares of NYSE GDOT opened at $8.55 on Friday. Green Dot Co. has a 1-year low of $6.12 and a 1-year high of $13.58. The business has a fifty day moving average price of $8.33 and a 200 day moving average price of $10.04. The stock has a market capitalization of $463.40 million, a P/E ratio of -8.14 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.

Insiders Place Their Bets

In other news, insider Topline Capital Management, Ll sold 380,611 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $10.44, for a total transaction of $3,973,578.84. Following the completion of the sale, the insider now owns 5,708,126 shares in the company, valued at approximately $59,592,835.44. This represents a 6.25 % decrease in their position. The sale 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 business’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $10.54, for a total value of $3,492,313.06. Following the transaction, the insider now owns 5,376,787 shares in the company, valued at approximately $56,671,334.98. This trade represents a 5.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

Green Dot 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.