Dana Investment Advisors Inc. Sells 23,478 Shares of Green Dot Co. (NYSE:GDOT)

Dana Investment Advisors Inc. reduced its stake in Green Dot Co. (NYSE:GDOT) by 4.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 537,705 shares of the financial services provider’s stock after selling 23,478 shares during the period. Dana Investment Advisors Inc. owned 1.01% of Green Dot worth $5,081,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Hsbc Holdings PLC increased its holdings in Green Dot by 33.3% during the 4th quarter. Hsbc Holdings PLC now owns 340,073 shares of the financial services provider’s stock worth $3,408,000 after purchasing an additional 84,894 shares during the period. Aristides Capital LLC purchased a new position in shares of Green Dot during the fourth quarter valued at $256,000. Quadrature Capital Ltd increased its stake in shares of Green Dot by 111.7% during the fourth quarter. Quadrature Capital Ltd now owns 62,681 shares of the financial services provider’s stock valued at $621,000 after buying an additional 33,068 shares during the period. DGS Capital Management LLC bought a new stake in shares of Green Dot in the first quarter valued at about $139,000. Finally, UMB Bank n.a. lifted its stake in Green Dot by 98.3% in the first quarter. UMB Bank n.a. now owns 2,855 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 1,415 shares during the period. 92.56% of the stock is owned by hedge funds and other institutional investors.

Green Dot Stock Performance

GDOT stock opened at $11.02 on Wednesday. Green Dot Co. has a one year low of $7.30 and a one year high of $14.05. The firm has a market cap of $586.37 million, a price-to-earnings ratio of -23.45 and a beta of 0.91. The firm has a 50-day simple moving average of $10.74 and a two-hundred day simple moving average of $9.82.

Green Dot (NYSE:GDOT) last announced its earnings results on Thursday, August 8th. The financial services provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. Green Dot had a negative net margin of 3.41% and a positive return on equity of 4.01%. The company had revenue of $407.10 million during the quarter, compared to the consensus estimate of $381.87 million. During the same period last year, the firm earned $0.20 earnings per share. Green Dot’s revenue was up 11.3% compared to the same quarter last year. As a group, equities analysts predict that Green Dot Co. will post 1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Topline Capital Management, Ll acquired 36,671 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were purchased at an average price of $12.49 per share, for a total transaction of $458,020.79. Following the completion of the acquisition, the insider now directly owns 5,995,422 shares in the company, valued at approximately $74,882,820.78. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Topline Capital Management, Ll acquired 36,671 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were purchased at an average cost of $12.49 per share, with a total value of $458,020.79. Following the completion of the acquisition, the insider now directly owns 5,995,422 shares of the company’s stock, valued at $74,882,820.78. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Topline Capital Partners, Lp bought 162,243 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was purchased at an average cost of $11.87 per share, for a total transaction of $1,925,824.41. Following the completion of the transaction, the insider now owns 6,157,665 shares in the company, valued at $73,091,483.55. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on GDOT. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $11.00 target price on shares of Green Dot in a research report on Monday, July 22nd. Barclays lifted their price objective on shares of Green Dot from $7.00 to $10.00 and gave the company an “underweight” rating in a report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $11.50.

Green Dot Company Profile

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.