Connor Clark & Lunn Investment Management Ltd. Cuts Stake in Green Dot Corporation $GDOT

Connor Clark & Lunn Investment Management Ltd. lowered its stake in shares of Green Dot Corporation (NYSE:GDOT - Free Report) by 16.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 119,078 shares of the financial services provider's stock after selling 24,294 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.22% of Green Dot worth $1,005,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of GDOT. Geode Capital Management LLC lifted its stake in Green Dot by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 1,237,767 shares of the financial services provider's stock valued at $13,173,000 after acquiring an additional 14,771 shares during the period. Wells Fargo & Company MN lifted its stake in Green Dot by 28.6% during the 4th quarter. Wells Fargo & Company MN now owns 32,308 shares of the financial services provider's stock valued at $344,000 after acquiring an additional 7,180 shares during the period. Legal & General Group Plc lifted its stake in Green Dot by 2.8% during the 4th quarter. Legal & General Group Plc now owns 164,677 shares of the financial services provider's stock valued at $1,752,000 after acquiring an additional 4,560 shares during the period. Barclays PLC lifted its stake in Green Dot by 5.4% during the 4th quarter. Barclays PLC now owns 93,324 shares of the financial services provider's stock valued at $993,000 after acquiring an additional 4,820 shares during the period. Finally, XTX Topco Ltd bought a new position in Green Dot during the 4th quarter valued at about $456,000. Institutional investors own 92.56% of the company's stock.

Green Dot Stock Performance

NYSE GDOT traded up $0.45 on Friday, reaching $13.91. 89,515 shares of the stock were exchanged, compared to its average volume of 855,361. Green Dot Corporation has a one year low of $6.12 and a one year high of $14.27. The firm has a market capitalization of $763.52 million, a PE ratio of -31.54 and a beta of 0.75. The company's 50-day simple moving average is $10.90 and its two-hundred day simple moving average is $9.31. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.07.

Green Dot (NYSE:GDOT - Get Free Report) last released its earnings results on Monday, August 11th. The financial services provider reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.23. Green Dot had a negative net margin of 1.24% and a positive return on equity of 9.93%. The company had revenue of $501.16 million for the quarter, compared to analysts' expectations of $496.49 million. During the same quarter last year, the business earned $0.25 EPS. The firm's revenue was up 23.9% compared to the same quarter last year. Green Dot has set its FY 2025 guidance at 1.280-1.420 EPS. Analysts expect that Green Dot Corporation will post 0.87 EPS for the current fiscal year.

Insider Transactions at Green Dot

In other Green Dot news, insider Christian Devin Ruppel sold 27,931 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $12.39, for a total transaction of $346,065.09. Following the completion of the sale, the insider directly owned 226,656 shares of the company's stock, valued at $2,808,267.84. This trade represents a 10.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GDOT. Wall Street Zen upgraded shares of Green Dot from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Barclays increased their price objective on shares of Green Dot from $7.00 to $10.00 and gave the stock an "underweight" rating in a research note on Monday, May 12th. Keefe, Bruyette & Woods increased their price objective on shares of Green Dot from $11.00 to $12.00 and gave the stock a "market perform" rating in a research note on Friday, July 11th. Finally, Northland Securities set a $16.00 price objective on shares of Green Dot in a research note on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Green Dot currently has a consensus rating of "Moderate Buy" and a consensus target price of $13.00.

About Green Dot

Green Dot Corporation, a financial technology and registered bank holding company, provides various financial services to consumers and businesses in the United States. It operates through three segments: Consumer Services, Business to Business Services, and Money Movement Services. The company provides deposit account programs, including consumer and small business checking account products, network-branded reloadable prepaid debit cards and gift cards, and secured credit programs.