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

Thompson Siegel & Walmsley LLC lessened its holdings in Green Dot Co. (NYSE:GDOT - Free Report) by 22.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 407,780 shares of the financial services provider's stock after selling 117,597 shares during the quarter. Thompson Siegel & Walmsley LLC owned 0.76% of Green Dot worth $4,775,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new position in Green Dot during the second quarter worth $25,000. Nisa Investment Advisors LLC grew its stake in shares of Green Dot by 162.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,602 shares of the financial services provider's stock worth $25,000 after purchasing an additional 1,609 shares during the period. Quarry LP purchased a new stake in Green Dot during the second quarter worth about $32,000. Headlands Technologies LLC increased its holdings in Green Dot by 44.3% in the second quarter. Headlands Technologies LLC now owns 3,957 shares of the financial services provider's stock valued at $37,000 after buying an additional 1,214 shares in the last quarter. Finally, Torno Capital LLC purchased a new stake in shares of Green Dot during the 2nd quarter worth approximately $38,000. Institutional investors and hedge funds own 92.56% of the company's stock.

Insiders Place Their Bets

In related news, insider Topline Capital Management, Ll acquired 36,671 shares of Green Dot stock in a transaction on Monday, September 23rd. The shares were bought at an average price of $12.49 per share, for a total transaction of $458,020.79. Following the completion of the purchase, the insider now directly owns 5,995,422 shares in the company, valued at $74,882,820.78. This trade represents a 0.62 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Topline Capital Partners, Lp bought 135,123 shares of the stock in a transaction dated 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 purchase, the insider now owns 6,292,788 shares of the company's stock, valued at approximately $68,843,100.72. This represents a 2.19 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 334,037 shares of company stock worth $3,862,091 over the last three months. 1.10% of the stock is owned by insiders.

Green Dot Trading Down 0.2 %

Shares of NYSE GDOT traded down $0.03 on Friday, reaching $10.23. 467,725 shares of the company traded hands, compared to its average volume of 546,213. The company has a 50 day moving average of $11.48 and a 200 day moving average of $10.47. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05. Green Dot Co. has a fifty-two week low of $7.70 and a fifty-two week high of $13.58. The stock has a market capitalization of $550.00 million, a PE ratio of -9.74 and a beta of 0.91.

Analysts Set New Price Targets

Several research firms have weighed in on GDOT. 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. Craig Hallum raised their price target on Green Dot from $10.00 to $11.00 and gave the stock a "hold" rating in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average 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.