Whipplewood Advisors LLC Purchases 39,037 Shares of Green Dot Co. (NYSE:GDOT)

Whipplewood Advisors LLC lifted its position in shares of Green Dot Co. (NYSE:GDOT - Free Report) by 41,091.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,132 shares of the financial services provider's stock after purchasing an additional 39,037 shares during the quarter. Whipplewood Advisors LLC owned about 0.07% of Green Dot worth $330,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Topline Capital Management LLC purchased a new position in Green Dot during the fourth quarter valued at $57,209,000. Walmart Inc. purchased a new position in Green Dot during the 4th quarter valued at about $10,374,000. Prudential Financial Inc. boosted its stake 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 acquiring an additional 380,692 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Green Dot by 20.8% in 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 purchasing an additional 363,831 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of 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 valued at $11,077,000 after purchasing an additional 310,492 shares in the last quarter. 92.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on GDOT shares. Barclays boosted their price target on Green Dot from $7.00 to $10.00 and gave the stock an "underweight" rating in a research report on Monday, May 12th. Craig Hallum raised Green Dot from a "hold" rating to a "buy" rating and set a $14.00 target price on the stock in a research note on Friday, March 14th. 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 raised Green Dot from a "market perform" rating to an "outperform" rating and set a $12.00 price objective on the stock in a research report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods decreased their target price 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. One 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 company. According to MarketBeat, Green Dot has a consensus rating of "Moderate Buy" and an average target price of $11.50.

Green Dot Stock Performance

Shares of NYSE GDOT traded down $0.21 during midday trading on Thursday, hitting $9.24. 543,161 shares of the stock traded hands, compared to its average volume of 646,464. The firm has a 50-day moving average of $8.52 and a two-hundred day moving average of $8.99. The firm has a market capitalization of $507.03 million, a P/E ratio of -8.80 and a beta of 0.73. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 0.52. Green Dot Co. has a one year low of $6.12 and a one 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 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.36. The company had revenue of $555.96 million during the quarter, compared to analysts' expectations of $503.20 million. Green Dot had a positive return on equity of 3.84% and a negative net margin of 3.39%. Green Dot's revenue for the quarter was up 23.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.59 earnings per share. On average, equities analysts forecast that Green Dot Co. will post 0.87 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Christian Devin Ruppel sold 10,189 shares of Green Dot stock in a transaction on Friday, May 9th. The stock was sold at an average price of $11.00, for a total transaction of $112,079.00. Following the transaction, the insider now directly owns 253,139 shares in the company, valued at approximately $2,784,529. The trade was a 3.87% decrease in their ownership of the stock. 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 insiders.

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.