Thompson Siegel & Walmsley LLC Sells 117,597 Shares of Green Dot Co. (NYSE:GDOT)

Thompson Siegel & Walmsley LLC lessened its holdings in shares of Green Dot Co. (NYSE:GDOT) by 22.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 407,780 shares of the financial services provider’s stock after selling 117,597 shares during the quarter. Thompson Siegel & Walmsley LLC owned approximately 0.76% of Green Dot worth $4,775,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in GDOT. Headlands Technologies LLC lifted its holdings in shares of Green Dot by 44.3% in the second quarter. Headlands Technologies LLC now owns 3,957 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 1,214 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Green Dot by 7.3% during the second quarter. Point72 Asset Management L.P. now owns 21,130 shares of the financial services provider’s stock valued at $200,000 after acquiring an additional 1,430 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in Green Dot by 4.0% during the second quarter. SummerHaven Investment Management LLC now owns 39,707 shares of the financial services provider’s stock worth $375,000 after buying an additional 1,524 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Green Dot by 162.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,602 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 1,609 shares in the last quarter. Finally, CWM LLC raised its position in Green Dot by 39.2% in the 2nd quarter. CWM LLC now owns 6,006 shares of the financial services provider’s stock valued at $57,000 after buying an additional 1,691 shares during the last quarter. Institutional investors and hedge funds own 92.56% of the company’s stock.

Green Dot Price Performance

GDOT opened at $10.23 on Friday. The stock has a 50-day moving average price of $11.50 and a 200-day moving average price of $10.47. Green Dot Co. has a 1 year low of $7.70 and a 1 year high of $13.58. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.52 and a quick ratio of 0.52. The firm has a market cap of $550.35 million, a PE ratio of -9.74 and a beta of 0.91.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Craig Hallum lifted their price target on Green Dot from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Barclays raised their price target on Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Green Dot presently has a consensus rating of “Hold” and a consensus price target of $10.75.

Insider Transactions at Green Dot

In other Green Dot news, insider Topline Capital Management, Ll bought 36,671 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was purchased at an average price of $12.49 per share, for a total transaction of $458,020.79. Following the completion of the transaction, the insider now owns 5,995,422 shares of the company’s stock, valued at $74,882,820.78. This trade represents a 0.62 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Topline Capital Partners, Lp bought 135,123 shares of Green Dot stock in a transaction dated Friday, November 8th. The stock was purchased at an average cost of $10.94 per share, for a total transaction of $1,478,245.62. Following the completion of the acquisition, the insider now directly owns 6,292,788 shares of the company’s stock, valued at approximately $68,843,100.72. The trade was a 2.19 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 334,037 shares of company stock worth $3,862,091 over the last three months. 1.10% of the stock is currently owned by company insiders.

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.