Green Dot Corporation $GDOT Shares Sold by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. trimmed its position in shares of Green Dot Corporation (NYSE:GDOT) by 7.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 551,730 shares of the financial services provider’s stock after selling 46,989 shares during the quarter. Dana Investment Advisors Inc. owned 1.00% of Green Dot worth $7,410,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC boosted its stake in shares of Green Dot by 785.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 212,044 shares of the financial services provider’s stock valued at $2,848,000 after buying an additional 188,093 shares in the last quarter. American Century Companies Inc. raised its position in Green Dot by 14.8% in the second quarter. American Century Companies Inc. now owns 1,416,163 shares of the financial services provider’s stock worth $15,266,000 after acquiring an additional 182,113 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Green Dot by 403.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,223,123 shares of the financial services provider’s stock worth $13,185,000 after purchasing an additional 980,012 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Green Dot during the 3rd quarter worth $1,196,000. Finally, Icon Advisers Inc. Co. grew its stake in shares of Green Dot by 64.5% during the 2nd quarter. Icon Advisers Inc. Co. now owns 71,452 shares of the financial services provider’s stock worth $770,000 after purchasing an additional 28,017 shares during the period. Institutional investors and hedge funds own 92.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on GDOT shares. Northland Securities set a $14.25 price objective on shares of Green Dot and gave the company a “market perform” rating in a research note on Tuesday, November 25th. Wall Street Zen downgraded shares of Green Dot from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. William Blair reissued a “market perform” rating on shares of Green Dot in a research note on Tuesday, November 11th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Green Dot in a research note on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $12.56.

Green Dot Stock Down 3.9%

GDOT stock opened at $11.57 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.54 and a quick ratio of 0.54. The company’s 50 day simple moving average is $12.39 and its 200-day simple moving average is $12.71. Green Dot Corporation has a 12 month low of $6.12 and a 12 month high of $15.41. The firm has a market capitalization of $640.93 million, a PE ratio of -13.61 and a beta of 0.81.

Insiders Place Their Bets

In other Green Dot news, Director J Chris Brewster sold 7,969 shares of the firm’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $12.37, for a total transaction of $98,576.53. Following the sale, the director directly owned 133,215 shares of the company’s stock, valued at $1,647,869.55. This trade represents a 5.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Saturnino Sixto Fanlo sold 13,451 shares of Green Dot stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $12.61, for a total transaction of $169,617.11. Following the sale, the director owned 92,737 shares of the company’s stock, valued at approximately $1,169,413.57. This trade represents a 12.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.40% of the stock is owned by company insiders.

Green Dot Company Profile

Green Dot Corporation (NYSE: GDOT) is a financial technology and bank holding company that provides prepaid debit cards, cash reload processing services and consumer banking products through its subsidiary, Green Dot Bank. The firm offers reloadable prepaid cards under its own brand and through partnerships with retailers, payments networks and banks. In addition to consumer-focused prepaid card accounts, Green Dot delivers payroll card services, government disbursement programs and B2B payment solutions that enable businesses to distribute funds digitally to end users.

Founded in 1999 by Steve Streit and headquartered in Austin, Texas, Green Dot began as a prepaid MasterCard provider sold through retail outlets.