Quantbot Technologies LP Grows Stock Holdings in Green Dot Co. (NYSE:GDOT)

Quantbot Technologies LP increased its holdings in shares of Green Dot Co. (NYSE:GDOT) by 104.2% in the 4th quarter, HoldingsChannel reports. The firm owned 62,800 shares of the financial services provider’s stock after acquiring an additional 32,050 shares during the quarter. Quantbot Technologies LP’s holdings in Green Dot were worth $668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Green Dot Trading Up 1.7 %

Shares of GDOT opened at $8.55 on Friday. Green Dot Co. has a 52-week low of $6.12 and a 52-week high of $13.58. The stock has a market cap of $463.40 million, a PE ratio of -8.14 and a beta of 1.06. The firm’s fifty day moving average is $8.33 and its two-hundred day moving average is $10.04. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.05.

Insider Buying and Selling

In related news, major shareholder Topline Capital Partners, Lp sold 331,339 shares of Green Dot 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 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Topline Capital Management, Ll sold 380,611 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $10.44, for a total value of $3,973,578.84. Following the completion of the sale, the insider now owns 5,708,126 shares of the company’s stock, valued at approximately $59,592,835.44. The trade was a 6.25 % 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 company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GDOT. Craig Hallum raised 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, March 14th. Barclays reduced their price target on shares of Green Dot from $10.00 to $7.00 and set an “underweight” rating for the company in a research report on Monday, March 3rd. Finally, Keefe, Bruyette & Woods lowered their price objective on Green Dot from $12.00 to $10.00 and set a “market perform” rating on the stock in a report on Friday, February 28th.

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.