AMH Equity Ltd Reduces Position in Green Dot Co. (NYSE:GDOT)

AMH Equity Ltd lowered its position in shares of Green Dot Co. (NYSE:GDOT) by 88.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 12,000 shares of the financial services provider’s stock after selling 88,000 shares during the quarter. AMH Equity Ltd’s holdings in Green Dot were worth $128,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in GDOT. State Street Corp increased its stake in shares of Green Dot by 5.6% in the third quarter. State Street Corp now owns 2,520,389 shares of the financial services provider’s stock worth $29,514,000 after acquiring an additional 133,200 shares during the period. Geode Capital Management LLC boosted its holdings in Green Dot by 9.0% in the third quarter. Geode Capital Management LLC now owns 1,222,996 shares of the financial services provider’s stock valued at $14,324,000 after purchasing an additional 101,008 shares during the last quarter. JPMorgan Chase & Co. grew its position in Green Dot by 31.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 331,802 shares of the financial services provider’s stock worth $3,885,000 after purchasing an additional 78,547 shares during the period. Principal Financial Group Inc. grew its position in Green Dot by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 260,772 shares of the financial services provider’s stock worth $2,775,000 after purchasing an additional 7,642 shares during the period. Finally, Empowered Funds LLC raised its stake in shares of Green Dot by 5.1% during the 4th quarter. Empowered Funds LLC now owns 185,482 shares of the financial services provider’s stock valued at $1,974,000 after buying an additional 9,044 shares during the last quarter. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Insiders Place Their Bets

In other Green Dot news, major shareholder Topline Capital Partners, Lp sold 331,339 shares of the 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 represents a 5.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Topline Capital Management, Ll sold 380,611 shares of the firm’s stock in a transaction that occurred 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 directly owns 5,708,126 shares in the company, 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. In the last 90 days, insiders have 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 0.3 %

Shares of GDOT opened at $8.48 on Thursday. The company has a market capitalization of $455.84 million, a price-to-earnings ratio of -8.07 and a beta of 0.90. Green Dot Co. has a 52 week low of $7.70 and a 52 week high of $13.58. The stock’s 50-day moving average price is $9.39 and its 200-day moving average price is $10.54. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.05.

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.