Green Dot Corporation $GDOT Shares Purchased by Villanova Investment Management Co LLC

Villanova Investment Management Co LLC raised its position in Green Dot Corporation (NYSE:GDOT) by 36.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,112 shares of the financial services provider’s stock after acquiring an additional 53,476 shares during the quarter. Green Dot accounts for about 1.9% of Villanova Investment Management Co LLC’s investment portfolio, making the stock its 19th largest holding. Villanova Investment Management Co LLC owned approximately 0.36% of Green Dot worth $2,688,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. State of Alaska Department of Revenue acquired a new position in shares of Green Dot during the third quarter worth $29,000. Virtus Advisers LLC acquired a new position in Green Dot in the 2nd quarter worth $33,000. Ameritas Investment Partners Inc. boosted its position 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 last quarter. Tower Research Capital LLC TRC boosted its holdings in Green Dot by 23.1% in the second quarter. Tower Research Capital LLC TRC now owns 6,504 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 1,221 shares during the last quarter. Finally, CWM LLC boosted its stake 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 valued at $93,000 after buying an additional 4,926 shares during the last quarter. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Insider Activity at Green Dot

In related news, Director Saturnino Sixto Fanlo sold 13,451 shares of the firm’s stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $12.61, for a total value of $169,617.11. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director J Chris Brewster sold 7,969 shares of Green Dot stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $12.37, for a total transaction of $98,576.53. Following the transaction, the director owned 133,215 shares in the company, valued at approximately $1,647,869.55. The trade was a 5.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.40% of the company’s stock.

Green Dot Trading Up 1.4%

NYSE:GDOT opened at $12.06 on Monday. The stock has a fifty day simple moving average of $12.42 and a 200 day simple moving average of $12.70. The firm has a market capitalization of $668.09 million, a price-to-earnings ratio of -14.18 and a beta of 0.81. Green Dot Corporation has a 1-year low of $6.12 and a 1-year high of $15.41. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.07.

Analyst Upgrades and Downgrades

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

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.