Oregon Public Employees Retirement Fund Acquires Shares of 18,038 Green Dot Co. (GDOT)
Oregon Public Employees Retirement Fund acquired a new stake in Green Dot Co. (NYSE:GDOT) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 18,038 shares of the financial services provider’s stock, valued at approximately $1,434,000.
A number of other large investors have also added to or reduced their stakes in GDOT. Legacy Financial Advisors Inc. bought a new position in Green Dot in the fourth quarter valued at about $29,000. Ipswich Investment Management Co. Inc. bought a new position in Green Dot in the fourth quarter valued at about $70,000. Tower Research Capital LLC TRC bought a new position in Green Dot in the third quarter valued at about $161,000. Harvest Fund Management Co. Ltd bought a new position in Green Dot in the third quarter valued at about $165,000. Finally, First Quadrant L P CA raised its position in Green Dot by 176.4% in the fourth quarter. First Quadrant L P CA now owns 2,197 shares of the financial services provider’s stock valued at $175,000 after purchasing an additional 1,402 shares during the last quarter. 91.10% of the stock is currently owned by institutional investors and hedge funds.
GDOT has been the subject of a number of analyst reports. BTIG Research upgraded Green Dot from a “neutral” rating to a “buy” rating and set a $94.00 price objective for the company in a research report on Thursday, January 3rd. Zacks Investment Research upgraded Green Dot from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research report on Wednesday, January 16th. Citigroup set a $105.00 price objective on Green Dot and gave the stock a “buy” rating in a research report on Friday, November 9th. ValuEngine downgraded Green Dot from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 1st. Finally, Barclays initiated coverage on Green Dot in a research report on Wednesday, November 14th. They set an “overweight” rating and a $103.00 price objective for the company. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $91.00.
In other Green Dot news, CEO Steven W. Streit sold 9,860 shares of Green Dot stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $79.43, for a total value of $783,179.80. Following the completion of the sale, the chief executive officer now directly owns 55,001 shares in the company, valued at $4,368,729.43. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Steven W. Streit sold 29,580 shares of Green Dot stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $80.24, for a total value of $2,373,499.20. Following the completion of the sale, the insider now owns 55,001 shares of the company’s stock, valued at $4,413,280.24. The disclosure for this sale can be found here. Insiders have sold 121,609 shares of company stock valued at $9,745,847 over the last 90 days. 9.70% of the stock is owned by corporate insiders.
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About Green Dot
Green Dot Corporation, together with its subsidiaries, operates as a pro-consumer bank holding company that provides personal banking for the masses. It operates through two segments, Account Services and Processing, and Settlement Services. The company offers deposit as account programs, such reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer checking accounts, small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.
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