Engineers Gate Manager LP grew its stake in Green Dot Co. (NYSE:GDOT) by 108.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,719 shares of the financial services provider’s stock after purchasing an additional 21,676 shares during the quarter. Engineers Gate Manager LP owned approximately 0.08% of Green Dot worth $2,068,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of the company. BlackRock Inc. grew its position in shares of Green Dot by 0.7% during the 2nd quarter. BlackRock Inc. now owns 5,348,171 shares of the financial services provider’s stock valued at $206,067,000 after buying an additional 38,814 shares during the last quarter. State Street Corp grew its position in shares of Green Dot by 5.7% during the 2nd quarter. State Street Corp now owns 1,056,391 shares of the financial services provider’s stock valued at $40,704,000 after buying an additional 57,343 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Green Dot by 57.4% during the 2nd quarter. Renaissance Technologies LLC now owns 821,842 shares of the financial services provider’s stock valued at $31,666,000 after buying an additional 299,842 shares during the last quarter. Northern Trust Corp grew its position in shares of Green Dot by 11.0% during the 2nd quarter. Northern Trust Corp now owns 602,435 shares of the financial services provider’s stock valued at $23,212,000 after buying an additional 59,905 shares during the last quarter. Finally, Rothschild Asset Management Inc. bought a new stake in shares of Green Dot during the 3rd quarter valued at about $29,051,000. Institutional investors and hedge funds own 79.26% of the company’s stock.
Green Dot Co. (NYSE:GDOT) opened at $61.21 on Friday. Green Dot Co. has a 1 year low of $23.39 and a 1 year high of $65.88. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.09. The company has a market cap of $3,065.97, a PE ratio of 35.28 and a beta of 0.96.
Green Dot (NYSE:GDOT) last posted its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.14. The business had revenue of $201.60 million during the quarter, compared to analysts’ expectations of $191.33 million. Green Dot had a net margin of 8.61% and a return on equity of 12.55%. The business’s revenue was up 30.5% on a year-over-year basis. During the same period last year, the firm posted $0.21 earnings per share. sell-side analysts forecast that Green Dot Co. will post 1.71 earnings per share for the current year.
A number of brokerages recently weighed in on GDOT. Cowen reaffirmed a “hold” rating and set a $52.00 price objective on shares of Green Dot in a research report on Friday, November 10th. Citigroup downgraded shares of Green Dot from a “buy” rating to a “neutral” rating and set a $66.00 price objective for the company. in a research report on Monday, November 13th. Zacks Investment Research raised shares of Green Dot from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Monday, November 13th. Deutsche Bank upped their target price on shares of Green Dot from $42.00 to $54.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. Finally, Morgan Stanley set a $60.00 target price on shares of Green Dot and gave the stock a “hold” rating in a research report on Monday, November 20th. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $53.36.
In other news, General Counsel John C. Ricci sold 12,507 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $62.75, for a total value of $784,814.25. Following the completion of the transaction, the general counsel now directly owns 60,707 shares in the company, valued at $3,809,364.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Steven W. Streit sold 7,995 shares of the stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $48.56, for a total transaction of $388,237.20. Following the completion of the transaction, the insider now owns 217,010 shares of the company’s stock, valued at $10,538,005.60. The disclosure for this sale can be found here. Insiders sold 195,076 shares of company stock valued at $11,211,887 over the last quarter. Insiders own 11.00% of the company’s stock.
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About Green Dot
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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