Smith Graham & Co. Investment Advisors LP lessened its position in shares of Green Dot Co. (NYSE:GDOT) by 21.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 283,841 shares of the financial services provider’s stock after selling 76,412 shares during the period. Green Dot comprises 1.6% of Smith Graham & Co. Investment Advisors LP’s portfolio, making the stock its 2nd largest position. Smith Graham & Co. Investment Advisors LP owned 0.56% of Green Dot worth $17,104,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in GDOT. Riverhead Capital Management LLC lifted its holdings in shares of Green Dot by 55.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,029 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 1,429 shares during the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of Green Dot by 13.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 472 shares during the last quarter. Shelton Capital Management bought a new stake in shares of Green Dot in the 3rd quarter worth approximately $210,000. Cubist Systematic Strategies LLC bought a new stake in shares of Green Dot in the 2nd quarter worth approximately $212,000. Finally, Brown Advisory Inc. bought a new stake in shares of Green Dot in the 3rd quarter worth approximately $229,000. 78.42% of the stock is currently owned by institutional investors.
Green Dot Co. (GDOT) traded up $1.19 on Monday, reaching $62.47. The company had a trading volume of 253,600 shares, compared to its average volume of 263,831. Green Dot Co. has a 12-month low of $25.16 and a 12-month high of $65.88. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.09. The firm has a market cap of $3,174.73, a PE ratio of 45.27 and a beta of 0.96.
Green Dot (NYSE:GDOT) last issued its quarterly earnings results 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. Green Dot had a return on equity of 12.55% and a net margin of 8.61%. The company had revenue of $201.60 million for the quarter, compared to analysts’ expectations of $191.33 million. During the same period last year, the firm earned $0.21 EPS. The firm’s revenue for the quarter was up 30.5% on a year-over-year basis. equities analysts predict that Green Dot Co. will post 1.71 EPS for the current fiscal year.
Several analysts recently issued reports on GDOT shares. Zacks Investment Research raised Green Dot from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a report on Monday, November 13th. Craig Hallum began coverage on Green Dot in a research report on Thursday, October 5th. They issued a “buy” rating and a $70.00 target price on the stock. BTIG Research upgraded Green Dot from a “neutral” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Wednesday, November 8th. Jefferies Group restated a “buy” rating and issued a $53.00 target price on shares of Green Dot in a research report on Thursday, October 12th. Finally, Guggenheim restated a “buy” rating on shares of Green Dot in a research report on Wednesday, January 10th. Eight equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Green Dot presently has an average rating of “Buy” and a consensus target price of $55.54.
In other news, CEO Steven W. Streit sold 2,665 shares of Green Dot stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $55.68, for a total transaction of $148,387.20. Following the transaction, the chief executive officer now directly owns 176,621 shares in the company, valued at approximately $9,834,257.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jess Unruh sold 13,000 shares of Green Dot stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $60.00, for a total value of $780,000.00. Following the transaction, the insider now owns 108,788 shares in the company, valued at $6,527,280. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 290,211 shares of company stock worth $17,651,534. 11.00% of the stock is owned by insiders.
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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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