DLD Asset Management LP Purchases New Position 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 bought 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 filing with the Securities & Exchange Commission. The institutional investor bought 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 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Green Dot by 4.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,460 shares of the financial services provider's stock valued at $324,000 after acquiring an additional 1,292 shares during the last quarter. MetLife Investment Management LLC increased its holdings in Green Dot by 5.1% in the 1st quarter. MetLife Investment Management LLC now owns 30,396 shares of the financial services provider's stock worth $257,000 after purchasing an additional 1,483 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Green Dot by 11.2% in the first 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 during the last quarter. Graham Capital Management L.P. boosted its stake in shares of 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 purchasing an additional 2,818 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Green Dot by 2.0% during the fourth quarter. BNP Paribas Financial Markets now owns 151,142 shares of the financial services provider's stock valued at $1,608,000 after purchasing an additional 3,035 shares in the last quarter. Institutional investors own 92.56% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on GDOT. Northland Securities set a $16.00 target price on Green Dot in a report on Tuesday, August 12th. Keefe, Bruyette & Woods increased their target price on shares of Green Dot from $11.00 to $12.00 and gave the company a "market perform" rating in a research report on Friday, July 11th. Zacks Research upgraded shares of Green Dot from a "hold" rating to a "strong-buy" rating in a report on Friday, August 22nd. Finally, Wall Street Zen raised shares of Green Dot from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Green Dot currently has an average rating of "Moderate Buy" and a consensus target price of $13.00.

Green Dot Stock Up 0.9%

NYSE:GDOT traded up $0.12 on Monday, hitting $13.67. The stock had a trading volume of 462,346 shares, compared to its average volume of 839,470. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.69 and a current ratio of 0.69. The stock has a market cap of $757.18 million, a P/E ratio of -31.07 and a beta of 0.77. Green Dot Corporation has a 1 year low of $6.12 and a 1 year high of $14.90. The firm's fifty day simple moving average is $11.96 and its two-hundred day simple moving average is $9.84.

Green Dot (NYSE:GDOT - Get Free Report) last issued 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. 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 during the quarter, compared to analyst estimates of $496.49 million. During the same quarter last year, the business posted $0.25 EPS. Green Dot's quarterly 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 predict that Green Dot Corporation will post 0.87 earnings per share for the current year.

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 shares were sold at an average price of $12.39, for a total value 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 document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is currently owned by insiders.

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.