Bailard Inc. Acquires 27,038 Shares of Green Dot Co. (NYSE:GDOT)

Bailard Inc. lifted its holdings in shares of Green Dot Co. (NYSE:GDOT) by 68.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,300 shares of the financial services provider’s stock after buying an additional 27,038 shares during the quarter. Bailard Inc.’s holdings in Green Dot were worth $656,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Assenagon Asset Management S.A. grew its holdings in Green Dot by 6.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 826,136 shares of the financial services provider’s stock valued at $8,179,000 after buying an additional 48,207 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Green Dot by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 667,229 shares of the financial services provider’s stock valued at $9,294,000 after acquiring an additional 15,663 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its holdings in Green Dot by 10.9% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 611,540 shares of the financial services provider’s stock worth $8,519,000 after acquiring an additional 59,993 shares during the period. Smith Graham & Co. Investment Advisors LP lifted its stake in Green Dot by 54.1% in the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 597,403 shares of the financial services provider’s stock worth $5,914,000 after purchasing an additional 209,818 shares in the last quarter. Finally, Wellington Management Group LLP bought a new position in Green Dot in the 3rd quarter valued at $7,869,000. 92.56% of the stock is owned by institutional investors.

Green Dot Price Performance

GDOT opened at $9.04 on Friday. Green Dot Co. has a 1 year low of $7.30 and a 1 year high of $21.37. The stock’s 50 day simple moving average is $8.62 and its 200 day simple moving average is $9.34. The firm has a market cap of $477.58 million, a price-to-earnings ratio of 69.54 and a beta of 1.04.

Green Dot (NYSE:GDOT) last announced its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. Green Dot had a net margin of 0.45% and a return on equity of 6.78%. The business had revenue of $361.72 million during the quarter, compared to analysts’ expectations of $350.14 million. As a group, sell-side analysts anticipate that Green Dot Co. will post 0.9 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on GDOT. Keefe, Bruyette & Woods decreased their price target on shares of Green Dot from $12.50 to $11.00 and set a “market perform” rating on the stock in a report on Friday, April 5th. StockNews.com upgraded Green Dot from a “sell” rating to a “hold” rating in a research note on Wednesday. Truist Financial lifted their target price on shares of Green Dot from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. Finally, TheStreet downgraded Green Dot from a “c-” rating to a “d” rating in a research report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $10.75.

Insiders Place Their Bets

In related news, insider Principal Co Lp Starboard sold 150,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $8.17, for a total transaction of $1,225,500.00. Following the completion of the transaction, the insider now owns 276,595 shares in the company, valued at $2,259,781.15. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CRO Christian Devin Ruppel acquired 33,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were acquired at an average cost of $9.06 per share, with a total value of $298,980.00. Following the transaction, the executive now owns 101,715 shares in the company, valued at approximately $921,537.90. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Principal Co Lp Starboard sold 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $8.17, for a total value of $1,225,500.00. Following the completion of the transaction, the insider now owns 276,595 shares of the company’s stock, valued at approximately $2,259,781.15. The disclosure for this sale can be found here. Company insiders own 11.80% of the company’s stock.

Green Dot Company 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.