Allspring Global Investments Holdings LLC Has $333,000 Stake in Green Dot Corporation $GDOT

Key Points

• Allspring Global Investments Holdings LLC cut its stake in Green Dot by 87.7% in Q4, selling 186,056 shares and retaining 25,988 shares valued at $333,000.
• Institutional investors own 92.56% of Green Dot, and several funds (e.g., SG Americas, Acuitas, Oberweis, Caxton) have recently boosted or initiated positions.
• Green Dot beat Q results with ($0.08) EPS (vs. -$0.12 est.) and $519.7M revenue, but analysts' consensus is a "Reduce" rating with a $13.56 target and a one‑year stock range of $6.89–$15.41.

Allspring Global Investments Holdings LLC decreased its stake in shares of Green Dot Corporation (NYSE:GDOT - Free Report) by 87.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 25,988 shares of the financial services provider's stock after selling 186,056 shares during the period. Allspring Global Investments Holdings LLC's holdings in Green Dot were worth $333,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. SG Americas Securities LLC boosted its stake in Green Dot by 53.5% during the 4th quarter. SG Americas Securities LLC now owns 43,801 shares of the financial services provider's stock valued at $561,000 after purchasing an additional 15,257 shares during the period. Acuitas Investments LLC bought a new stake in Green Dot during the 3rd quarter valued at approximately $3,648,000. Jacobs Levy Equity Management Inc. boosted its stake in Green Dot by 7.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 740,695 shares of the financial services provider's stock valued at $9,948,000 after purchasing an additional 50,064 shares during the period. Oberweis Asset Management Inc. bought a new stake in Green Dot during the 3rd quarter valued at approximately $13,031,000. Finally, Caxton Associates LLP boosted its stake in Green Dot by 195.6% during the 3rd quarter. Caxton Associates LLP now owns 88,303 shares of the financial services provider's stock valued at $1,186,000 after purchasing an additional 58,433 shares during the period. Institutional investors and hedge funds own 92.56% of the company's stock.

Green Dot Price Performance

Green Dot stock opened at $11.55 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.52 and a quick ratio of 0.52. The company has a market capitalization of $641.56 million, a PE ratio of -6.49 and a beta of 0.81. Green Dot Corporation has a one year low of $6.89 and a one year high of $15.41. The business has a 50 day simple moving average of $11.53 and a 200 day simple moving average of $12.15.

Green Dot (NYSE:GDOT - Get Free Report) last posted its earnings results on Monday, March 16th. The financial services provider reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.04. The business had revenue of $519.72 million during the quarter, compared to the consensus estimate of $508.09 million. Green Dot had a positive return on equity of 6.93% and a negative net margin of 4.75%. On average, sell-side analysts forecast that Green Dot Corporation will post 0.87 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on GDOT. Craig Hallum restated a "buy" rating and set a $18.00 target price on shares of Green Dot in a research note on Tuesday, March 17th. Weiss Ratings restated a "sell (d-)" rating on shares of Green Dot in a research note on Thursday, January 22nd. Finally, Wall Street Zen upgraded Green Dot from a "sell" rating to a "hold" rating in a research note on Sunday, March 22nd. One analyst has rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Green Dot presently has an average rating of "Reduce" and a consensus target price of $13.56.

Green Dot Profile

Green Dot Corporation NYSE: GDOT is a financial technology and bank holding company that provides prepaid debit cards, cash reload processing services and consumer banking products through its subsidiary, Green Dot Bank. The firm offers reloadable prepaid cards under its own brand and through partnerships with retailers, payments networks and banks. In addition to consumer-focused prepaid card accounts, Green Dot delivers payroll card services, government disbursement programs and B2B payment solutions that enable businesses to distribute funds digitally to end users.

Founded in 1999 by Steve Streit and headquartered in Austin, Texas, Green Dot began as a prepaid MasterCard provider sold through retail outlets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.