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

Dana Investment Advisors Inc. decreased its holdings in shares of Green Dot Corporation (NYSE:GDOT) by 7.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 551,730 shares of the financial services provider’s stock after selling 46,989 shares during the period. Dana Investment Advisors Inc.’s holdings in Green Dot were worth $7,410,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State of Alaska Department of Revenue acquired a new position in Green Dot in the third quarter valued at $29,000. Virtus Advisers LLC purchased a new stake in Green Dot in the 2nd quarter valued at about $33,000. Ameritas Investment Partners Inc. grew its holdings in Green Dot by 18.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,478 shares of the financial services provider’s stock valued at $59,000 after buying an additional 861 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Green Dot by 23.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,504 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 1,221 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of Green Dot by 131.8% during the 2nd quarter. CWM LLC now owns 8,664 shares of the financial services provider’s stock worth $93,000 after acquiring an additional 4,926 shares during the period. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GDOT. William Blair reaffirmed a “market perform” rating on shares of Green Dot in a research note on Tuesday, November 11th. Northland Securities set a $14.25 price objective on Green Dot and gave the stock a “market perform” rating in a report on Tuesday, November 25th. Wall Street Zen cut Green Dot from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Green Dot in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $12.56.

Green Dot Stock Performance

Shares of GDOT stock opened at $11.57 on Tuesday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.07. The company has a market cap of $640.93 million, a PE ratio of -13.61 and a beta of 0.81. The company’s fifty day simple moving average is $12.39 and its 200-day simple moving average is $12.71. Green Dot Corporation has a 52 week low of $6.12 and a 52 week high of $15.41.

Insider Transactions at Green Dot

In related news, Director J Chris Brewster sold 7,969 shares of the firm’s stock in a transaction dated Friday, November 28th. The stock was 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 in the company, valued at approximately $1,647,869.55. This trade represents a 5.64% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Saturnino Sixto Fanlo sold 13,451 shares of the business’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $12.61, for a total value of $169,617.11. Following the transaction, the director directly owned 92,737 shares in the company, valued at $1,169,413.57. This trade represents a 12.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.40% of the company’s stock.

About Green Dot

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.