Credit Industriel ET Commercial Makes New $1.28 Million Investment in Green Dot Corporation $GDOT

Key Points

• Credit Industriel ET Commercial opened a new position in Green Dot (NYSE:GDOT) in Q4, buying 100,000 shares worth about $1.28 million, equal to roughly 0.18% of the company.
• Several other large funds meaningfully increased stakes (Topline, No Street GP, Dimensional, American Century, Portolan), and institutional investors now own about 92.56% of Green Dot.
• Green Dot recently beat quarterly estimates (EPS -$0.08 vs. -$0.12; revenue $519.7M) but trades at a negative P/E with a market cap around $694M, and the analyst consensus is a "Reduce" rating with a $13.56 target.

Credit Industriel ET Commercial bought a new position in shares of Green Dot Corporation (NYSE:GDOT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 100,000 shares of the financial services provider's stock, valued at approximately $1,281,000. Credit Industriel ET Commercial owned about 0.18% of Green Dot at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Topline Capital Management LLC raised its position in Green Dot by 7.2% during the 2nd quarter. Topline Capital Management LLC now owns 4,965,286 shares of the financial services provider's stock worth $53,526,000 after buying an additional 331,817 shares during the last quarter. No Street GP LP raised its position in Green Dot by 150.0% during the 3rd quarter. No Street GP LP now owns 4,000,000 shares of the financial services provider's stock worth $53,720,000 after buying an additional 2,400,000 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Green Dot by 6.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,780,104 shares of the financial services provider's stock worth $37,341,000 after buying an additional 179,653 shares during the last quarter. American Century Companies Inc. raised its position in Green Dot by 22.2% during the 3rd quarter. American Century Companies Inc. now owns 1,730,308 shares of the financial services provider's stock worth $23,238,000 after buying an additional 314,145 shares during the last quarter. Finally, Portolan Capital Management LLC raised its position in Green Dot by 15.3% during the 3rd quarter. Portolan Capital Management LLC now owns 1,615,280 shares of the financial services provider's stock worth $21,693,000 after buying an additional 214,152 shares during the last quarter. Hedge funds and other institutional investors own 92.56% of the company's stock.

Green Dot Price Performance

NYSE:GDOT opened at $12.49 on Wednesday. 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 firm has a market cap of $694.18 million, a price-to-earnings ratio of -7.02 and a beta of 0.86. The company has a 50 day moving average price of $11.59 and a 200-day moving average price of $12.06. Green Dot Corporation has a 1-year low of $8.05 and a 1-year high of $15.41.

Green Dot (NYSE:GDOT - Get Free Report) last posted its earnings results on Monday, March 16th. The financial services provider reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.04. The firm had revenue of $519.72 million during the quarter, compared to analyst estimates of $508.09 million. Green Dot had a negative net margin of 4.75% and a positive return on equity of 6.93%. Equities research analysts forecast that Green Dot Corporation will post 1.09 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GDOT. Craig Hallum reissued a "buy" rating and set a $18.00 price target on shares of Green Dot in a research report on Tuesday, March 17th. Weiss Ratings reissued a "sell (d-)" rating on shares of Green Dot in a research report on Tuesday, April 21st. Finally, Wall Street Zen raised shares of Green Dot from a "sell" rating to a "hold" rating in a research report on Sunday, March 22nd. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, Green Dot presently has an average rating of "Reduce" and a consensus target price of $13.56.

Green Dot Company 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.

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