Thompson Siegel & Walmsley LLC Raises Position in Green Dot Corporation $GDOT

Thompson Siegel & Walmsley LLC lifted its stake in Green Dot Corporation (NYSE:GDOT) by 175.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 343,870 shares of the financial services provider’s stock after buying an additional 218,870 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Green Dot were worth $4,405,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Topline Capital Management LLC boosted its position in shares of Green Dot by 7.2% in the second quarter. Topline Capital Management LLC now owns 4,965,286 shares of the financial services provider’s stock worth $53,526,000 after buying an additional 331,817 shares during the period. No Street GP LP boosted its holdings in Green Dot by 150.0% in the third quarter. No Street GP LP now owns 4,000,000 shares of the financial services provider’s stock valued at $53,720,000 after purchasing an additional 2,400,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Green Dot by 6.9% in the third quarter. Dimensional Fund Advisors LP now owns 2,780,104 shares of the financial services provider’s stock valued at $37,341,000 after purchasing an additional 179,653 shares during the last quarter. Western Standard LLC boosted its holdings in Green Dot by 196.8% in the fourth quarter. Western Standard LLC now owns 1,977,500 shares of the financial services provider’s stock valued at $25,332,000 after purchasing an additional 1,311,170 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Green Dot by 22.2% in the third quarter. American Century Companies Inc. now owns 1,730,308 shares of the financial services provider’s stock valued at $23,238,000 after purchasing an additional 314,145 shares during the last quarter. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on GDOT shares. Zacks Research raised Green Dot from a “hold” rating to a “strong-buy” rating in a report on Friday. Weiss Ratings reissued a “sell (d-)” rating on shares of Green Dot in a report on Tuesday, April 21st. Wall Street Zen raised Green Dot from a “sell” rating to a “hold” rating in a report on Sunday, March 22nd. Finally, Craig Hallum reissued a “buy” rating and issued a $18.00 price target on shares of Green Dot in a report on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $14.75.

Green Dot Stock Performance

GDOT opened at $12.76 on Tuesday. The firm has a market cap of $722.95 million, a PE ratio of -9.66 and a beta of 0.86. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.07. The business has a fifty day simple moving average of $12.08 and a 200-day simple moving average of $12.13. Green Dot Corporation has a fifty-two week low of $9.13 and a fifty-two week high of $15.41.

Green Dot (NYSE:GDOT) last released its quarterly earnings data on Monday, May 11th. The financial services provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.24. The business had revenue of $652.03 million during the quarter, compared to analyst estimates of $597.39 million. Green Dot had a positive return on equity of 7.56% and a negative net margin of 3.25%. As a group, equities analysts predict that Green Dot Corporation will post 1.33 EPS for the current fiscal year.

Green Dot 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.