Here’s Who Just Picked Up Green Dot Corp (NYSE:GDOT) Shares

0
350

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Green Dot Corp (NYSE:GDOT) reported that Park West Asset Management has picked up 605,000 of common stock as of 2017-02-21.

The acquisition brings the aggregate amount owned by Park West Asset Management to a total of 605,000 representing a 1.2% stake in the company.

For those not familiar with the company, Green Dot Corporation, along with its subsidiaries, is a pro-consumer financial technology innovator. The Company is a provider of reloadable prepaid debit cards and cash reload processing services in the United States. The Company operates through two segments: Account Services, and Processing and Settlement Services. Its account services segment includes branded deposit account programs, including Green Dot-branded and affinity-branded general purpose reloadable (GPR) card accounts; checking accounts, and open-loop gift cards. Its processing and settlement services include reload services and tax refund processing services. It also has operations in the mobile technology and mobile banking with GoBank mobile checking account. Through its subsidiary, SBBT Holdings, LLC (TPG), it also operates as a processor of tax refund disbursements in the United States. It offers checking account products, such as GoBank, that allow customers to acquire and manage checking accounts.

A glance at Green Dot Corp (NYSE:GDOT)’s key stats reveals a current market capitalization of 1.36 billion based on 50.38 million shares outstanding and a price at last close of $27.00 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2015-02-03, Streit picked up 206,800 at a purchase price of $14.45. This brings their total holding to 3,528,355 as of the date of the filing.

On the sell side, the most recent transaction saw Archer unload 12,096 shares at a sale price of $26.78. This brings their total holding to 111,557.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Green Dot Corp (NYSE:GDOT) as things move forward to see if its progress aligns with these transactions.

Subscribe below and we’ll keep you on top of what’s happening before it moves markets.