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.
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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.
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