Thrivent Financial for Lutherans Has $844,000 Stake in Green Dot Co. (NYSE:GDOT)

Thrivent Financial for Lutherans reduced its stake in Green Dot Co. (NYSE:GDOT) by 5.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,065 shares of the financial services provider’s stock after selling 4,238 shares during the period. Thrivent Financial for Lutherans’ holdings in Green Dot were worth $844,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its stake in shares of Green Dot by 17.7% during the second quarter. Bank of New York Mellon Corp now owns 544,166 shares of the financial services provider’s stock worth $5,142,000 after buying an additional 82,022 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its holdings in Green Dot by 24.9% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 525,377 shares of the financial services provider’s stock worth $4,965,000 after purchasing an additional 104,829 shares in the last quarter. American Century Companies Inc. raised its position in Green Dot by 79.0% in the second quarter. American Century Companies Inc. now owns 322,692 shares of the financial services provider’s stock valued at $3,049,000 after purchasing an additional 142,377 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Green Dot by 11.8% during the third quarter. Principal Financial Group Inc. now owns 253,130 shares of the financial services provider’s stock valued at $2,964,000 after purchasing an additional 26,676 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Green Dot by 5.4% during the third quarter. Empowered Funds LLC now owns 176,438 shares of the financial services provider’s stock worth $2,066,000 after purchasing an additional 8,978 shares during the last quarter. 92.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Green Dot

In other Green Dot news, major shareholder Topline Capital Partners, Lp bought 162,243 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were bought at an average price of $11.87 per share, for a total transaction of $1,925,824.41. Following the transaction, the insider now directly owns 6,157,665 shares in the company, valued at approximately $73,091,483.55. This trade represents a 2.71 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Topline Capital Management, Ll bought 36,671 shares of the stock in a transaction on Monday, September 23rd. The stock was acquired at an average price of $12.49 per share, with a total value of $458,020.79. Following the completion of the acquisition, the insider now owns 5,995,422 shares of the company’s stock, valued at $74,882,820.78. This represents a 0.62 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 334,037 shares of company stock worth $3,862,091 over the last three months. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

GDOT has been the topic of several recent research reports. Barclays lifted their target price on shares of Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a research report on Monday, September 23rd. Craig Hallum boosted their price objective on shares of Green Dot from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $10.75.

Green Dot Stock Performance

NYSE:GDOT opened at $10.28 on Wednesday. The company has a market capitalization of $552.69 million, a PE ratio of -9.79 and a beta of 0.90. Green Dot Co. has a fifty-two week low of $7.70 and a fifty-two week 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 company has a 50 day simple moving average of $11.18 and a two-hundred day simple moving average of $10.51.

Green Dot 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.