DLD Asset Management LP Makes New Investment in Green Dot Corporation $GDOT

Key Points

• DLD Asset Management LP has acquired 65,000 shares of Green Dot Corporation (NYSE:GDOT), valued at approximately $549,000, marking a new position for the firm.
• Green Dot recently reported a 23.9% increase in quarterly revenue year-over-year, exceeding analysts' estimates with $0.40 earnings per share.
• Analyst ratings for Green Dot include one Strong Buy, two Buy, one Hold, and one Sell, with a consensus target price of $13.00.

DLD Asset Management LP acquired a new position in shares of Green Dot Corporation (NYSE:GDOT - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 65,000 shares of the financial services provider's stock, valued at approximately $549,000. DLD Asset Management LP owned 0.12% of Green Dot at the end of the most recent quarter.

A number of other large investors have also modified their holdings of GDOT. Geode Capital Management LLC raised its stake in shares of 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 worth $13,173,000 after buying an additional 14,771 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of 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 worth $344,000 after buying an additional 7,180 shares in the last quarter. Legal & General Group Plc raised its stake in shares of 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 worth $1,752,000 after buying an additional 4,560 shares in the last quarter. Barclays PLC raised its stake in shares of Green Dot by 5.4% during the 4th quarter. Barclays PLC now owns 93,324 shares of the financial services provider's stock worth $993,000 after buying an additional 4,820 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Green Dot in the 4th quarter worth approximately $456,000. 92.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Green Dot Stock Performance

Green Dot stock opened at $13.7450 on Wednesday. Green Dot Corporation has a 12-month low of $6.12 and a 12-month high of $14.27. The company has a market capitalization of $754.46 million, a price-to-earnings ratio of -31.24 and a beta of 0.75. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.69 and a quick ratio of 0.69. The firm's fifty day moving average price is $10.78 and its 200 day moving average price is $9.25.

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

Insiders Place Their Bets

In other Green Dot news, insider Christian Devin Ruppel sold 27,931 shares of the firm's stock in a transaction 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Green Dot Profile

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.

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