Investment Management of Virginia LLC lessened its stake in shares of Green Dot Co. (NYSE:GDOT) by 7.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,815 shares of the financial services provider’s stock after selling 2,596 shares during the quarter. Investment Management of Virginia LLC owned about 0.06% of Green Dot worth $1,856,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in GDOT. Ameritas Investment Partners Inc. boosted its stake in shares of Green Dot by 13.3% during the second quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 472 shares during the last quarter. Shelton Capital Management acquired a new stake in shares of Green Dot during the third quarter valued at $210,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Green Dot during the second quarter valued at $212,000. Brown Advisory Inc. acquired a new stake in shares of Green Dot during the third quarter valued at $229,000. Finally, Quantbot Technologies LP boosted its stake in shares of Green Dot by 212.7% during the third quarter. Quantbot Technologies LP now owns 4,866 shares of the financial services provider’s stock valued at $241,000 after acquiring an additional 3,310 shares during the last quarter. Institutional investors and hedge funds own 78.53% of the company’s stock.
In other Green Dot news, CEO Steven W. Streit sold 2,665 shares of Green Dot stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $62.73, for a total transaction of $167,175.45. Following the sale, the chief executive officer now owns 176,621 shares of the company’s stock, valued at approximately $11,079,435.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel John C. Ricci sold 12,507 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $62.75, for a total value of $784,814.25. Following the completion of the sale, the general counsel now directly owns 60,707 shares in the company, valued at approximately $3,809,364.25. The disclosure for this sale can be found here. Insiders have sold a total of 290,413 shares of company stock worth $17,652,394 in the last ninety days. 11.00% of the stock is owned by company insiders.
Several equities analysts recently weighed in on GDOT shares. Citigroup upgraded Green Dot from a “neutral” rating to a “buy” rating and increased their target price for the stock from $66.00 to $68.00 in a research report on Tuesday. Guggenheim restated a “buy” rating on shares of Green Dot in a report on Wednesday, January 10th. Zacks Investment Research upgraded Green Dot from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a report on Monday, November 13th. BTIG Research upgraded Green Dot from a “neutral” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Wednesday, November 8th. Finally, Cowen reiterated a “hold” rating and issued a $55.00 target price on shares of Green Dot in a research note on Friday, January 12th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $55.69.
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Green Dot Company Profile
Green Dot Corporation (Green Dot) is a pro-consumer financial technology innovator. The Company is a provider of reloadable prepaid debit cards and cash reload processing services in the United States. The Company operates through two segments: Account Services, and Processing and Settlement Services.
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