Dimensional Fund Advisors LP Has $17.68 Million Stock Position in Green Dot Co. (NYSE:GDOT)

Dimensional Fund Advisors LP decreased its holdings in shares of Green Dot Co. (NYSE:GDOT) by 16.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,870,794 shares of the financial services provider’s stock after selling 372,248 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Green Dot were worth $17,679,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its holdings in shares of Green Dot by 162.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,602 shares of the financial services provider’s stock worth $25,000 after buying an additional 1,609 shares during the period. nVerses Capital LLC bought a new stake in shares of Green Dot during the 2nd quarter worth $25,000. Headlands Technologies LLC boosted its holdings in shares of Green Dot by 89.2% during the 1st quarter. Headlands Technologies LLC now owns 2,743 shares of the financial services provider’s stock worth $26,000 after buying an additional 1,293 shares during the period. UMB Bank n.a. boosted its holdings in shares of Green Dot by 98.3% during the 1st quarter. UMB Bank n.a. now owns 2,855 shares of the financial services provider’s stock worth $27,000 after buying an additional 1,415 shares during the period. Finally, CWM LLC boosted its holdings in shares of Green Dot by 39.2% during the 2nd quarter. CWM LLC now owns 6,006 shares of the financial services provider’s stock worth $57,000 after buying an additional 1,691 shares during the period. Institutional investors and hedge funds own 92.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GDOT. Craig Hallum upped their price objective on shares of Green Dot from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Friday. Barclays upped their price objective on shares of Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a report on Monday, September 23rd. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $11.00 price objective on shares of Green Dot in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.75.

Green Dot Price Performance

Shares of Green Dot stock opened at $11.02 on Friday. Green Dot Co. has a fifty-two week low of $7.30 and a fifty-two week high of $13.54. The firm has a fifty day moving average price of $10.86 and a two-hundred day moving average price of $9.86. The company has a market cap of $586.37 million, a PE ratio of -23.45 and a beta of 0.92.

Green Dot (NYSE:GDOT) last issued its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Green Dot had a negative net margin of 3.41% and a positive return on equity of 4.01%. The firm had revenue of $407.10 million during the quarter, compared to the consensus estimate of $381.87 million. During the same period in the prior year, the firm earned $0.20 EPS. The business’s revenue was up 11.3% on a year-over-year basis. Analysts expect that Green Dot Co. will post 1 earnings per share for the current fiscal year.

Insider Buying and Selling at Green Dot

In other Green Dot news, insider Topline Capital Management, Ll acquired 36,671 shares of Green Dot stock in a transaction dated Monday, September 23rd. The stock was bought at an average cost of $12.49 per share, with a total value of $458,020.79. Following the acquisition, the insider now owns 5,995,422 shares of the company’s stock, valued at approximately $74,882,820.78. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Green Dot news, major shareholder Topline Capital Partners, Lp acquired 162,243 shares of Green Dot stock in a transaction dated Tuesday, September 24th. The stock was bought at an average cost of $11.87 per share, with a total value of $1,925,824.41. Following the acquisition, the insider now owns 6,157,665 shares of the company’s stock, valued at approximately $73,091,483.55. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Topline Capital Management, Ll acquired 36,671 shares of Green Dot stock in a transaction dated Monday, September 23rd. The shares were acquired at an average cost of $12.49 per share, with a total value of $458,020.79. Following the completion of the acquisition, the insider now directly owns 5,995,422 shares in the company, valued at $74,882,820.78. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.10% of the company’s stock.

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.