21,011 Shares in Green Dot Corporation $GDOT Bought by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. has acquired a new stake of 21,011 shares in Green Dot Corporation valued at approximately $177,000 during the first quarter.
• Green Dot reported earnings of $0.40 per share for the last quarter, exceeding expectations and achieving a 23.9% year-over-year revenue growth.
• Currently, 92.56% of Green Dot's stock is owned by institutional investors, with significant investments from companies like Walmart and Topline Capital Management.

Fox Run Management L.L.C. bought a new stake in shares of Green Dot Corporation (NYSE:GDOT - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 21,011 shares of the financial services provider's stock, valued at approximately $177,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Nuveen LLC bought a new position in shares of Green Dot during the first quarter valued at approximately $5,901,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Green Dot by 11.2% during 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 in the last quarter. XTX Topco Ltd increased its stake in shares of Green Dot by 436.8% during the first quarter. XTX Topco Ltd now owns 230,175 shares of the financial services provider's stock valued at $1,943,000 after purchasing an additional 187,293 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Green Dot during the first quarter valued at approximately $1,089,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Green Dot during the first quarter valued at approximately $692,000. Institutional investors own 92.56% of the company's stock.

Analysts Set New Price Targets

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

Green Dot Stock Performance

Shares of Green Dot stock traded down $0.04 on Monday, hitting $13.43. 192,143 shares of the company's stock were exchanged, compared to its average volume of 855,071. The stock has a market capitalization of $743.89 million, a PE ratio of -30.50 and a beta of 0.75. 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 company has a 50-day simple moving average of $10.97 and a 200-day simple moving average of $9.35. Green Dot Corporation has a 1 year low of $6.12 and a 1 year high of $14.27.

Green Dot (NYSE:GDOT - Get Free Report) last released its 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. The company had revenue of $501.16 million for the quarter, compared to the consensus estimate of $496.49 million. Green Dot had a positive return on equity of 9.93% and a negative net margin of 1.24%.Green Dot's quarterly revenue was up 23.9% compared to the same quarter last year. During the same period in the previous 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, equities analysts anticipate that Green Dot Corporation will post 0.87 EPS for the current year.

Insiders Place Their Bets

In related news, insider Christian Devin Ruppel sold 27,931 shares of Green Dot 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 approximately $2,808,267.84. The trade was a 10.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.40% of the company's stock.

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.