Thompson Siegel & Walmsley LLC Trims Stake in Green Dot Co. (NYSE:GDOT)

Thompson Siegel & Walmsley LLC lessened its stake in Green Dot Co. (NYSE:GDOT) by 22.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 407,780 shares of the financial services provider’s stock after selling 117,597 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Green Dot were worth $4,775,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System lifted its position in shares of Green Dot by 40.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 18,689 shares of the financial services provider’s stock worth $174,000 after buying an additional 5,390 shares during the last quarter. UniSuper Management Pty Ltd acquired a new stake in shares of Green Dot in the first quarter valued at about $268,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Green Dot by 5.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,429 shares of the financial services provider’s stock worth $424,000 after acquiring an additional 2,445 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Green Dot by 7.6% during the first quarter. Public Employees Retirement System of Ohio now owns 78,631 shares of the financial services provider’s stock worth $734,000 after purchasing an additional 5,533 shares in the last quarter. Finally, Caxton Associates LP increased its holdings in Green Dot by 16.6% during the 1st quarter. Caxton Associates LP now owns 21,639 shares of the financial services provider’s stock valued at $202,000 after acquiring an additional 3,088 shares in the last quarter. 92.56% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Green Dot news, insider Topline Capital Management, Ll purchased 36,671 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were acquired at an average price of $12.49 per share, for a total transaction of $458,020.79. Following the acquisition, the insider now owns 5,995,422 shares of the company’s stock, valued at $74,882,820.78. This trade represents a 0.62 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Topline Capital Partners, Lp bought 135,123 shares of Green Dot stock in a transaction that occurred on Friday, November 8th. The stock was bought at an average price of $10.94 per share, with a total value of $1,478,245.62. Following the completion of the acquisition, the insider now owns 6,292,788 shares in the company, valued at approximately $68,843,100.72. The trade was a 2.19 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 334,037 shares of company stock worth $3,862,091. Corporate insiders own 1.10% of the company’s stock.

Green Dot Stock Performance

Shares of GDOT stock opened at $10.23 on Friday. Green Dot Co. has a 1 year low of $7.70 and a 1 year high of $13.58. The firm has a market capitalization of $550.35 million, a PE ratio of -9.74 and a beta of 0.91. The stock has a fifty day moving average of $11.50 and a two-hundred day moving average of $10.47. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 0.52.

Analysts Set New Price Targets

A number of research firms have issued reports on GDOT. Craig Hallum upped their target price on shares of Green Dot from $10.00 to $11.00 and gave the company a “hold” rating in a report on Friday, October 4th. Barclays boosted their target price on Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a report on Monday, September 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $10.75.

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.