SG Americas Securities LLC Purchases 13,948 Shares of Green Dot Co. (NYSE:GDOT)

SG Americas Securities LLC lifted its position in shares of Green Dot Co. (NYSE:GDOT) by 118.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,687 shares of the financial services provider’s stock after purchasing an additional 13,948 shares during the period. SG Americas Securities LLC’s holdings in Green Dot were worth $301,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in GDOT. Kent Lake Capital LLC bought a new stake in shares of Green Dot in the first quarter valued at about $7,464,000. Bank of New York Mellon Corp raised its position in shares of Green Dot by 17.7% in the second quarter. Bank of New York Mellon Corp now owns 544,166 shares of the financial services provider’s stock valued at $5,142,000 after buying an additional 82,022 shares in the last quarter. Thompson Siegel & Walmsley LLC boosted its stake in shares of Green Dot by 24.9% in the second quarter. Thompson Siegel & Walmsley LLC now owns 525,377 shares of the financial services provider’s stock valued at $4,965,000 after buying an additional 104,829 shares during the period. SG Capital Management LLC acquired a new stake in Green Dot during the first quarter worth approximately $4,254,000. Finally, American Century Companies Inc. increased its stake in Green Dot by 79.0% during the 2nd quarter. American Century Companies Inc. now owns 322,692 shares of the financial services provider’s stock worth $3,049,000 after acquiring an additional 142,377 shares during the period. 92.56% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Green Dot news, major shareholder Topline Capital Partners, Lp bought 162,243 shares of Green Dot stock in a transaction on Tuesday, September 24th. The shares were purchased at an average cost of $11.87 per share, with a total value of $1,925,824.41. Following the acquisition, the insider now directly owns 6,157,665 shares of the company’s stock, valued at $73,091,483.55. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Topline Capital Management, Ll bought 36,671 shares of Green Dot stock in a transaction that occurred on Monday, September 23rd. The shares were acquired at an average cost 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 of the company’s stock, valued at approximately $74,882,820.78. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Topline Capital Partners, Lp purchased 162,243 shares of the stock in a transaction on Tuesday, September 24th. The shares were purchased at an average price of $11.87 per share, with a total value of $1,925,824.41. Following the acquisition, the insider now owns 6,157,665 shares in the company, valued at approximately $73,091,483.55. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by insiders.

Green Dot Trading Down 1.8 %

Shares of Green Dot stock opened at $11.73 on Friday. The firm has a market capitalization of $624.15 million, a PE ratio of -24.96 and a beta of 0.92. The firm’s 50 day moving average is $11.28 and its 200 day moving average is $10.03. Green Dot Co. has a 1 year low of $7.30 and a 1 year high of $12.99.

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

Analyst Ratings Changes

GDOT has been the subject of a number of recent analyst reports. Craig Hallum upped their target price on Green Dot from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Friday, October 4th. Barclays raised their target price 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. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $11.00 price target on shares of Green Dot in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Green Dot currently has a consensus rating of “Hold” and a consensus target price of $10.75.

Green Dot 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.