Dana Investment Advisors Inc. Has $9.39 Million Stock Holdings in Green Dot Corporation $GDOT

Dana Investment Advisors Inc. lifted its position in shares of Green Dot Corporation (NYSE:GDOT) by 32.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 732,902 shares of the financial services provider’s stock after acquiring an additional 181,172 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Green Dot were worth $9,388,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Simcoe Capital LLC acquired a new stake in shares of Green Dot during the 4th quarter valued at $4,725,000. Prosperitas Financial LLC acquired a new stake in shares of Green Dot during the 4th quarter valued at $999,000. Western Standard LLC boosted its holdings in shares of Green Dot by 196.8% during the 4th quarter. Western Standard LLC now owns 1,977,500 shares of the financial services provider’s stock valued at $25,332,000 after acquiring an additional 1,311,170 shares in the last quarter. Credit Industriel ET Commercial acquired a new stake in shares of Green Dot during the 4th quarter valued at $1,281,000. Finally, Strs Ohio boosted its holdings in shares of Green Dot by 10.1% during the 4th quarter. Strs Ohio now owns 50,100 shares of the financial services provider’s stock valued at $642,000 after acquiring an additional 4,600 shares in the last quarter. Institutional investors and hedge funds own 92.56% of the company’s stock.

Wall Street Analysts Forecast Growth

GDOT has been the subject of several analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Green Dot in a research report on Tuesday, April 21st. Wall Street Zen raised Green Dot from a “sell” rating to a “hold” rating in a research report on Sunday, March 22nd. Finally, Craig Hallum reaffirmed a “buy” rating and set a $18.00 target price on shares of Green Dot in a research report on Tuesday, March 17th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $14.75.

Green Dot Stock Down 1.7%

Shares of NYSE:GDOT opened at $12.64 on Friday. The firm has a market cap of $716.15 million, a P/E ratio of -9.57 and a beta of 0.86. The company has a quick ratio of 0.52, a current ratio of 0.50 and a debt-to-equity ratio of 0.07. Green Dot Corporation has a 12-month low of $8.95 and a 12-month high of $15.41. The business has a fifty day simple moving average of $11.74 and a 200 day simple moving average of $12.06.

Green Dot (NYSE:GDOT) last posted its quarterly earnings data on Monday, May 11th. The financial services provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.24. Green Dot had a positive return on equity of 7.56% and a negative net margin of 3.25%.The firm had revenue of $652.03 million during the quarter, compared to analyst estimates of $597.39 million. Analysts predict that Green Dot Corporation will post 1.09 earnings per share for the current year.

About Green Dot

Green Dot Corporation (NYSE: GDOT) is a financial technology and bank holding company that provides prepaid debit cards, cash reload processing services and consumer banking products through its subsidiary, Green Dot Bank. The firm offers reloadable prepaid cards under its own brand and through partnerships with retailers, payments networks and banks. In addition to consumer-focused prepaid card accounts, Green Dot delivers payroll card services, government disbursement programs and B2B payment solutions that enable businesses to distribute funds digitally to end users.

Founded in 1999 by Steve Streit and headquartered in Austin, Texas, Green Dot began as a prepaid MasterCard provider sold through retail outlets.