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) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 65,000 shares of the financial services provider's stock, valued at approximately $549,000. DLD Asset Management LP owned approximately 0.12% of Green Dot at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of GDOT. Geode Capital Management LLC grew its holdings 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 purchasing an additional 14,771 shares in the last quarter. Wells Fargo & Company MN grew its position in Green Dot by 28.6% in the fourth 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 grew its position in Green Dot by 2.8% in the fourth 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 grew its position in Green Dot by 5.4% in the fourth 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 stake in Green Dot in the fourth quarter valued at $456,000. Institutional investors and hedge funds own 92.56% of the company's stock.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Green Dot news, insider Christian Devin Ruppel sold 27,931 shares of the business's stock in a transaction dated Tuesday, August 12th. The stock was 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 approximately $2,808,267.84. The trade was a 10.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.40% of the company's stock.

Green Dot Price Performance

Shares of GDOT stock traded up $0.0560 during trading hours on Monday, hitting $13.5260. 135,647 shares of the company's stock were exchanged, compared to its average volume of 854,729. The stock's 50-day moving average is $10.97 and its 200-day moving average is $9.35. 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 stock has a market cap of $749.21 million, a price-to-earnings ratio of -30.76 and a beta of 0.75. Green Dot Corporation has a 52 week low of $6.12 and a 52 week high of $14.27.

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

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.