Cambria Investment Management L.P. Sells 2,003 Shares of Green Dot Co. (NYSE:GDOT)

Cambria Investment Management L.P. cut its stake in Green Dot Co. (NYSE:GDOT) by 3.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,250 shares of the financial services provider’s stock after selling 2,003 shares during the quarter. Cambria Investment Management L.P. owned 0.11% of Green Dot worth $2,690,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in GDOT. Crestline Management LP purchased a new position in shares of Green Dot in the third quarter worth $1,013,000. Vident Investment Advisory LLC lifted its holdings in shares of Green Dot by 2.1% in the third quarter. Vident Investment Advisory LLC now owns 65,952 shares of the financial services provider’s stock worth $3,270,000 after buying an additional 1,383 shares in the last quarter. AMP Capital Investors Ltd purchased a new position in shares of Green Dot in the third quarter worth $362,000. Allianz Asset Management GmbH raised its stake in Green Dot by 6.1% during the third quarter. Allianz Asset Management GmbH now owns 67,343 shares of the financial services provider’s stock valued at $3,338,000 after purchasing an additional 3,888 shares in the last quarter. Finally, Engineers Gate Manager LP raised its stake in Green Dot by 108.1% during the third quarter. Engineers Gate Manager LP now owns 41,719 shares of the financial services provider’s stock valued at $2,068,000 after purchasing an additional 21,676 shares in the last quarter. Institutional investors own 79.15% of the company’s stock.

A number of research firms recently issued reports on GDOT. Cowen reaffirmed a “hold” rating and set a $52.00 price target on shares of Green Dot in a research note on Friday, November 10th. Citigroup downgraded shares of Green Dot from a “buy” rating to a “neutral” rating and set a $66.00 price target on the stock. in a research note 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 target price on the stock in a research note on Monday, November 13th. Deutsche Bank increased their target price on shares of Green Dot from $42.00 to $54.00 and gave the company a “hold” rating in a research note on Wednesday, November 8th. Finally, Morgan Stanley set a $60.00 price target on shares of Green Dot and gave the stock a “hold” rating in a report on Monday, November 20th. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Green Dot presently has an average rating of “Buy” and a consensus target price of $53.36.

In other Green Dot news, insider Steven W. Streit sold 7,995 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $50.90, for a total transaction of $406,945.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Steven W. Streit sold 2,665 shares of the firm’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $53.91, for a total transaction of $143,670.15. Following the transaction, the chief executive officer now directly owns 176,621 shares of the company’s stock, valued at $9,521,638.11. The disclosure for this sale can be found here. Insiders sold a total of 249,551 shares of company stock valued at $14,975,131 over the last ninety days. 11.00% of the stock is currently owned by insiders.

Green Dot Co. (GDOT) traded up $59.58 during trading hours on Tuesday, hitting $59.58. 295,500 shares of the stock were exchanged, compared to its average volume of 251,650. Green Dot Co. has a twelve month low of $23.40 and a twelve month high of $65.88. The company has a market cap of $3,062.41, a PE ratio of 43.17 and a beta of 0.96. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.09.

Green Dot (NYSE:GDOT) last announced its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.14. The firm had revenue of $201.60 million during the quarter, compared to analyst estimates of $191.33 million. Green Dot had a net margin of 8.61% and a return on equity of 12.55%. Green Dot’s revenue was up 30.5% on a year-over-year basis. During the same period last year, the firm posted $0.21 EPS. equities analysts expect that Green Dot Co. will post 1.71 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Cambria Investment Management L.P. Sells 2,003 Shares of Green Dot Co. (NYSE:GDOT)” was originally posted by TrueBlueTribune and is owned by of TrueBlueTribune. If you are accessing this piece of content on another site, it was copied illegally and republished in violation of United States & international copyright laws. The legal version of this piece of content can be read at https://www.truebluetribune.com/2018/01/03/cambria-investment-management-l-p-has-2-69-million-holdings-in-green-dot-co-gdot.html.

Green Dot Profile

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.

Institutional Ownership by Quarter for Green Dot (NYSE:GDOT)

Receive News & Ratings for Green Dot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Dot and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply