Acadian Asset Management LLC boosted its position in shares of Green Dot Corporation (NYSE:GDOT) by 2,342.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,847 shares of the financial services provider’s stock after buying an additional 49,724 shares during the period. Acadian Asset Management LLC owned approximately 0.10% of Green Dot Corporation worth $1,997,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in GDOT. Norges Bank purchased a new position in shares of Green Dot Corporation during the fourth quarter worth $10,785,000. Teachers Advisors LLC raised its position in shares of Green Dot Corporation by 89.9% in the fourth quarter. Teachers Advisors LLC now owns 198,494 shares of the financial services provider’s stock worth $4,675,000 after buying an additional 93,956 shares in the last quarter. Highbridge Capital Management LLC purchased a new position in shares of Green Dot Corporation during the fourth quarter worth $407,000. Louisiana State Employees Retirement System raised its position in shares of Green Dot Corporation by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the financial services provider’s stock worth $607,000 after buying an additional 400 shares in the last quarter. Finally, Capital Impact Advisors LLC raised its position in shares of Green Dot Corporation by 13.6% in the first quarter. Capital Impact Advisors LLC now owns 47,816 shares of the financial services provider’s stock worth $1,595,000 after buying an additional 5,724 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.
Shares of Green Dot Corporation (NYSE:GDOT) traded down 1.17% during trading on Friday, reaching $46.27. The company’s stock had a trading volume of 1,109,113 shares. The firm has a market capitalization of $2.33 billion, a P/E ratio of 39.35 and a beta of 1.06. The company has a 50 day moving average price of $41.20 and a 200 day moving average price of $35.38. Green Dot Corporation has a 52 week low of $21.45 and a 52 week high of $47.55.
Green Dot Corporation (NYSE:GDOT) last released its earnings results on Tuesday, August 8th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.16. Green Dot Corporation had a return on equity of 12.13% and a net margin of 7.66%. The company had revenue of $222.50 million for the quarter, compared to analysts’ expectations of $208.59 million. During the same quarter in the previous year, the firm posted $0.27 EPS. The firm’s quarterly revenue was up 28.2% on a year-over-year basis. On average, equities research analysts expect that Green Dot Corporation will post $2.05 EPS for the current fiscal year.
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A number of analysts have recently commented on GDOT shares. Zacks Investment Research downgraded Green Dot Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, May 4th. Citigroup Inc. upped their target price on Green Dot Corporation from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, May 10th. Jefferies Group LLC restated a “buy” rating and issued a $42.00 target price on shares of Green Dot Corporation in a research note on Monday, May 22nd. Lake Street Capital started coverage on Green Dot Corporation in a research note on Monday, June 26th. They issued a “hold” rating and a $41.00 target price on the stock. Finally, Keefe, Bruyette & Woods set a $37.00 target price on Green Dot Corporation and gave the stock a “hold” rating in a research note on Thursday, July 6th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $41.33.
In other Green Dot Corporation news, General Counsel John C. Ricci sold 3,686 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $35.97, for a total transaction of $132,585.42. Following the transaction, the general counsel now owns 90,032 shares in the company, valued at approximately $3,238,451.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel John C. Ricci sold 20,707 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $47.21, for a total value of $977,577.47. Following the transaction, the general counsel now owns 91,163 shares in the company, valued at approximately $4,303,805.23. The disclosure for this sale can be found here. Insiders have sold a total of 186,163 shares of company stock worth $7,408,723 in the last quarter. 11.00% of the stock is currently owned by insiders.
About Green Dot Corporation
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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