Bailard Inc. Has $656,000 Stake in Green Dot Co. (NYSE:GDOT)

Bailard Inc. increased its holdings in shares of Green Dot Co. (NYSE:GDOT) by 68.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,300 shares of the financial services provider’s stock after buying an additional 27,038 shares during the period. Bailard Inc. owned 0.13% of Green Dot worth $656,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Meeder Asset Management Inc. bought a new position in Green Dot during the fourth quarter worth about $53,000. Allspring Global Investments Holdings LLC increased its stake in Green Dot by 39.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 7,352 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 2,074 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Green Dot by 65.5% in the third quarter. PNC Financial Services Group Inc. now owns 6,152 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 2,434 shares during the period. Carmel Capital Partners LLC raised its holdings in Green Dot by 701.2% in the fourth quarter. Carmel Capital Partners LLC now owns 14,077 shares of the financial services provider’s stock worth $139,000 after purchasing an additional 12,320 shares during the period. Finally, Caxton Associates LP bought a new position in shares of Green Dot during the third quarter worth $141,000. 92.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Keefe, Bruyette & Woods dropped their price objective on Green Dot from $12.50 to $11.00 and set a “market perform” rating on the stock in a research note on Friday, April 5th. StockNews.com upgraded Green Dot from a “sell” rating to a “hold” rating in a research report on Wednesday. TheStreet lowered shares of Green Dot from a “c-” rating to a “d” rating in a research note on Thursday, February 1st. Finally, Truist Financial increased their price objective on shares of Green Dot from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $10.75.

Insider Buying and Selling

In other Green Dot news, CRO Christian Devin Ruppel purchased 33,000 shares of the business’s stock in a transaction on Monday, March 11th. The stock was acquired at an average price of $9.06 per share, with a total value of $298,980.00. Following the acquisition, the executive now directly owns 101,715 shares of the company’s stock, valued at approximately $921,537.90. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CRO Christian Devin Ruppel purchased 33,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were acquired at an average price of $9.06 per share, for a total transaction of $298,980.00. Following the purchase, the executive now owns 101,715 shares in the company, valued at $921,537.90. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Principal Co Lp Starboard sold 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $8.17, for a total transaction of $1,225,500.00. Following the sale, the insider now owns 276,595 shares of the company’s stock, valued at $2,259,781.15. The disclosure for this sale can be found here. 11.80% of the stock is owned by insiders.

Green Dot Price Performance

Shares of GDOT opened at $9.04 on Friday. The firm has a 50-day moving average of $8.62 and a 200-day moving average of $9.34. The company has a market cap of $477.58 million, a PE ratio of 69.54 and a beta of 1.04. Green Dot Co. has a one year low of $7.30 and a one year high of $21.37.

Green Dot (NYSE:GDOT) last posted its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. The business had revenue of $361.72 million during the quarter, compared to analysts’ expectations of $350.14 million. Green Dot had a return on equity of 6.78% and a net margin of 0.45%. Analysts expect that Green Dot Co. will post 0.9 earnings per share for the current year.

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.