DLD Asset Management LP Invests $549,000 in Green Dot Corporation $GDOT

Key Points

• DLD Asset Management LP has acquired a new stake in Green Dot Corporation, purchasing 65,000 shares for approximately $549,000, representing about 0.12% of the company.
• Insider Christian Devin Ruppel sold 27,931 shares at an average price of $12.39, reducing their ownership by nearly 11% to 226,656 shares.
• Several analysts have upgraded Green Dot's stock ratings, with a consensus rating of "Moderate Buy" and a target price averaging $13.00, indicating positive market sentiment.

DLD Asset Management LP purchased a new position in shares of Green Dot Corporation (NYSE:GDOT - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 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 reporting period.

Several other hedge funds have also modified their holdings of GDOT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Green Dot by 4.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,460 shares of the financial services provider's stock worth $324,000 after purchasing an additional 1,292 shares in the last quarter. MetLife Investment Management LLC boosted its position in shares of Green Dot by 5.1% during the 1st quarter. MetLife Investment Management LLC now owns 30,396 shares of the financial services provider's stock valued at $257,000 after purchasing an additional 1,483 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Green Dot by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 18,356 shares of the financial services provider's stock valued at $155,000 after purchasing an additional 1,843 shares in the last quarter. Graham Capital Management L.P. lifted its stake in Green Dot by 25.0% during the fourth quarter. Graham Capital Management L.P. now owns 14,079 shares of the financial services provider's stock valued at $150,000 after buying an additional 2,818 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of Green Dot by 2.0% in the fourth quarter. BNP Paribas Financial Markets now owns 151,142 shares of the financial services provider's stock worth $1,608,000 after purchasing an additional 3,035 shares in the last quarter. 92.56% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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 stock was sold at an average price of $12.39, for a total transaction of $346,065.09. Following the transaction, the insider directly owned 226,656 shares in the company, valued at $2,808,267.84. This trade represents a 10.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.40% of the stock is owned by insiders.

Green Dot Price Performance

Shares of Green Dot stock traded up $0.59 during trading on Wednesday, hitting $14.38. 266,833 shares of the stock traded hands, compared to its average volume of 834,198. The firm's fifty day moving average is $12.07 and its 200-day moving average is $9.91. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.07. Green Dot Corporation has a 52 week low of $6.12 and a 52 week high of $14.90. The stock has a market cap of $796.51 million, a price-to-earnings ratio of -32.69 and a beta of 0.77.

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 for the quarter, beating the consensus estimate of $0.17 by $0.23. Green Dot had a positive return on equity of 9.93% and a negative net margin of 1.24%.The company had revenue of $501.16 million for the quarter, compared to analyst estimates of $496.49 million. During the same period in the previous year, the company posted $0.25 earnings per share. The firm's revenue was up 23.9% on a year-over-year basis. Green Dot has set its FY 2025 guidance at 1.280-1.420 EPS. Research analysts expect that Green Dot Corporation will post 0.87 EPS for the current fiscal year.

Analysts Set New Price Targets

GDOT has been the topic of several research analyst reports. Keefe, Bruyette & Woods raised 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. Wall Street Zen raised Green Dot from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Zacks Research raised shares of Green Dot from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 22nd. Finally, Northland Securities set a $16.00 price objective on Green Dot in a report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $13.00.

Green Dot Company 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.