Thompson Siegel & Walmsley LLC decreased its stake in shares of Green Dot Co. (NYSE:GDOT) by 8.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 128,260 shares of the financial services provider’s stock after selling 11,565 shares during the period. Thompson Siegel & Walmsley LLC owned 0.25% of Green Dot worth $8,229,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. LS Investment Advisors LLC boosted its stake in Green Dot by 70.4% during the 4th quarter. LS Investment Advisors LLC now owns 2,618 shares of the financial services provider’s stock valued at $158,000 after purchasing an additional 1,082 shares during the period. Globeflex Capital L P bought a new stake in Green Dot during the 4th quarter valued at approximately $185,000. Verition Fund Management LLC bought a new stake in Green Dot during the 4th quarter valued at approximately $216,000. Xact Kapitalforvaltning AB bought a new stake in Green Dot during the 4th quarter valued at approximately $231,000. Finally, Psagot Investment House Ltd. bought a new stake in Green Dot during the 1st quarter valued at approximately $231,000. 82.20% of the stock is currently owned by institutional investors and hedge funds.
Shares of GDOT stock opened at $72.25 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.06. Green Dot Co. has a 12 month low of $71.97 and a 12 month high of $72.68. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 35.49 and a beta of 0.76.
GDOT has been the subject of several recent analyst reports. Citigroup upgraded Green Dot from a “neutral” rating to a “buy” rating and increased their target price for the company from $66.00 to $68.00 in a research note on Tuesday, February 13th. William Blair restated an “outperform” rating on shares of Green Dot in a research note on Monday, February 12th. Compass Point downgraded Green Dot from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 13th. Morgan Stanley reiterated a “hold” rating and issued a $62.00 price objective (up previously from $60.00) on shares of Green Dot in a research report on Thursday, February 22nd. Finally, Craig Hallum reiterated a “buy” rating and issued a $75.00 price objective (up previously from $70.00) on shares of Green Dot in a research report on Thursday, February 22nd. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Green Dot presently has an average rating of “Buy” and an average target price of $63.64.
In related news, CFO Mark L. Shifke sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 14th. The stock was sold at an average price of $72.68, for a total transaction of $726,800.00. Following the completion of the transaction, the chief financial officer now owns 694,757 shares in the company, valued at approximately $50,494,938.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Steven W. Streit sold 12,495 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $62.68, for a total value of $783,186.60. Following the transaction, the insider now owns 178,121 shares of the company’s stock, valued at approximately $11,164,624.28. The disclosure for this sale can be found here. Insiders have sold a total of 420,144 shares of company stock valued at $27,019,303 in the last 90 days. 11.00% of the stock is owned by corporate insiders.
Green Dot Profile
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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