Green Dot Co. (NYSE:GDOT) Shares Sold by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. lowered its position in shares of Green Dot Co. (NYSE:GDOT) by 5.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 454,855 shares of the financial services provider’s stock after selling 26,227 shares during the quarter. Dana Investment Advisors Inc. owned about 0.85% of Green Dot worth $4,840,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Green Dot by 5.6% during the third quarter. State Street Corp now owns 2,520,389 shares of the financial services provider’s stock worth $29,514,000 after purchasing an additional 133,200 shares during the period. Geode Capital Management LLC raised its position in Green Dot by 9.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,222,996 shares of the financial services provider’s stock worth $14,324,000 after buying an additional 101,008 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Green Dot by 31.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 331,802 shares of the financial services provider’s stock valued at $3,885,000 after acquiring an additional 78,547 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Green Dot by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 260,772 shares of the financial services provider’s stock valued at $2,775,000 after acquiring an additional 7,642 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in shares of Green Dot by 5.1% in the fourth quarter. Empowered Funds LLC now owns 185,482 shares of the financial services provider’s stock worth $1,974,000 after acquiring an additional 9,044 shares during the period. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Green Dot Stock Up 3.5 %

Shares of GDOT opened at $7.35 on Friday. The stock has a 50 day moving average price of $9.06 and a 200 day moving average price of $10.43. Green Dot Co. has a one year low of $6.42 and a one year high of $13.58. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a market capitalization of $395.28 million, a price-to-earnings ratio of -7.00 and a beta of 1.06.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on GDOT shares. Barclays decreased their target price on shares of Green Dot from $10.00 to $7.00 and set an “underweight” rating for the company in a research report on Monday. Keefe, Bruyette & Woods cut their price objective on Green Dot from $12.00 to $10.00 and set a “market perform” rating for the company in a research report on Friday, February 28th.

Insiders Place Their Bets

In related news, major shareholder Topline Capital Partners, Lp sold 331,339 shares of Green Dot stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $10.54, for a total transaction of $3,492,313.06. Following the transaction, the insider now owns 5,376,787 shares in the company, valued at approximately $56,671,334.98. This trade represents a 5.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Topline Capital Management, Ll sold 247,230 shares of the company’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of $10.54, for a total value of $2,605,804.20. Following the completion of the sale, the insider now owns 6,088,737 shares of the company’s stock, valued at approximately $64,175,287.98. The trade was a 3.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 959,180 shares of company stock valued at $10,071,696 in the last 90 days. 1.10% of the stock is owned by insiders.

About Green Dot

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.