Starboard Value LP Decreases Stock Holdings in Green Dot Co. (NYSE:GDOT)

Starboard Value LP lessened its stake in shares of Green Dot Co. (NYSE:GDOT - Free Report) by 8.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,604,381 shares of the financial services provider's stock after selling 414,000 shares during the period. Green Dot makes up about 0.9% of Starboard Value LP's portfolio, making the stock its 20th biggest position. Starboard Value LP owned approximately 8.56% of Green Dot worth $48,991,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of GDOT. Topline Capital Management LLC purchased a new stake in Green Dot during the fourth quarter worth $57,209,000. Walmart Inc. purchased a new stake in Green Dot during the fourth quarter worth $10,374,000. Prudential Financial Inc. boosted its holdings in Green Dot by 135.9% during the fourth quarter. Prudential Financial Inc. now owns 660,919 shares of the financial services provider's stock worth $7,032,000 after buying an additional 380,692 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Green Dot by 20.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,114,292 shares of the financial services provider's stock worth $22,496,000 after buying an additional 363,831 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Green Dot by 42.5% during the fourth quarter. American Century Companies Inc. now owns 1,041,034 shares of the financial services provider's stock worth $11,077,000 after acquiring an additional 310,492 shares during the period. Hedge funds and other institutional investors own 92.56% of the company's stock.

Wall Street Analysts Forecast Growth

GDOT has been the subject of a number of recent research reports. Barclays increased their price objective on shares of Green Dot from $7.00 to $10.00 and gave the company an "underweight" rating in a report on Monday, May 12th. Keefe, Bruyette & Woods cut their price objective on shares of Green Dot from $12.00 to $10.00 and set a "market perform" rating for the company in a report on Friday, February 28th. Northland Capmk upgraded shares of Green Dot from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 9th. Northland Securities upgraded shares of Green Dot from a "market perform" rating to an "outperform" rating and set a $12.00 price target for the company in a report on Wednesday, April 9th. Finally, Craig Hallum raised shares of Green Dot from a "hold" rating to a "buy" rating and set a $14.00 price objective for the company in a research report on Friday, March 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $11.50.

Insider Buying and Selling at Green Dot

In other news, insider Christian Devin Ruppel sold 10,189 shares of Green Dot stock in a transaction on Friday, May 9th. The shares were sold at an average price of $11.00, for a total transaction of $112,079.00. Following the completion of the sale, the insider now directly owns 253,139 shares of the company's stock, valued at approximately $2,784,529. The trade was a 3.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Green Dot Trading Down 4.6%

Shares of NYSE:GDOT traded down $0.44 during mid-day trading on Wednesday, reaching $9.06. 752,697 shares of the company were exchanged, compared to its average volume of 633,225. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.52 and a quick ratio of 0.52. The firm has a market cap of $497.04 million, a price-to-earnings ratio of -8.62 and a beta of 0.76. The firm's 50-day simple moving average is $8.24 and its 200 day simple moving average is $9.14. Green Dot Co. has a 1 year low of $6.12 and a 1 year high of $13.58.

Green Dot (NYSE:GDOT - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.36. Green Dot had a negative net margin of 3.39% and a positive return on equity of 3.84%. The firm had revenue of $555.96 million during the quarter, compared to analysts' expectations of $503.20 million. During the same quarter last year, the company posted $0.59 EPS. The firm's quarterly revenue was up 23.6% on a year-over-year basis. Equities research analysts forecast that Green Dot Co. will post 0.87 EPS for the current year.

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.