Green Dot Co. (NYSE:GDOT) Shares Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System raised its holdings in Green Dot Co. (NYSE:GDOT) by 13.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,000 shares of the financial services provider’s stock after purchasing an additional 3,000 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Green Dot were worth $304,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Kent Lake Capital LLC acquired a new position in shares of Green Dot during the first quarter worth about $7,464,000. Bank of New York Mellon Corp increased its stake in shares of Green Dot by 17.7% during the second quarter. Bank of New York Mellon Corp now owns 544,166 shares of the financial services provider’s stock worth $5,142,000 after acquiring an additional 82,022 shares during the period. Thompson Siegel & Walmsley LLC increased its stake in shares of Green Dot by 24.9% during the second quarter. Thompson Siegel & Walmsley LLC now owns 525,377 shares of the financial services provider’s stock worth $4,965,000 after acquiring an additional 104,829 shares during the period. SG Capital Management LLC acquired a new position in shares of Green Dot during the first quarter worth about $4,254,000. Finally, American Century Companies Inc. increased its stake in shares of Green Dot by 79.0% during the second 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 currently owned by institutional investors and hedge funds.

Green Dot Price Performance

GDOT stock opened at $13.28 on Thursday. Green Dot Co. has a 52 week low of $7.30 and a 52 week high of $13.58. The company’s 50-day moving average price is $11.49 and its 200 day moving average price is $10.33.

Green Dot (NYSE:GDOT) last released its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $407.10 million for the quarter, compared to the consensus estimate of $381.87 million. Green Dot had a negative net margin of 3.41% and a positive return on equity of 4.01%. The firm’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.20 earnings per share. On average, research analysts expect that Green Dot Co. will post 1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GDOT has been the topic of a number of recent analyst reports. Barclays boosted their price target on shares of Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a research note on Monday, September 23rd. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $11.00 price objective on shares of Green Dot in a report on Monday, July 22nd. Finally, Craig Hallum boosted their price objective on shares of Green Dot from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $10.75.

Insider Buying and Selling at Green Dot

In other Green Dot news, insider Topline Capital Management, Ll purchased 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, 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 approximately $74,882,820.78. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Green Dot news, major shareholder Topline Capital Partners, Lp purchased 162,243 shares of Green Dot stock in a transaction on Tuesday, September 24th. The shares were bought at an average price of $11.87 per share, with a total value of $1,925,824.41. Following the completion of the acquisition, the insider now directly owns 6,157,665 shares of the company’s stock, valued at approximately $73,091,483.55. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Topline Capital Management, Ll purchased 36,671 shares of Green Dot stock in a transaction on Monday, September 23rd. The stock was acquired at an average cost of $12.49 per share, for a total transaction of $458,020.79. Following the acquisition, the insider now directly owns 5,995,422 shares of the company’s stock, valued at approximately $74,882,820.78. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.10% of the company’s stock.

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.