Fox Run Management L.L.C. Invests $177,000 in Green Dot Corporation $GDOT

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. purchased 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 fund purchased 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 recently bought and sold shares of GDOT. GAMMA Investing LLC lifted its stake in Green Dot by 152.0% in the 1st quarter. GAMMA Investing LLC now owns 5,663 shares of the financial services provider's stock valued at $48,000 after buying an additional 3,416 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Green Dot during the 1st quarter worth $96,000. Caxton Associates LP acquired a new stake in shares of Green Dot during the 4th quarter worth $121,000. Graham Capital Management L.P. increased its holdings in Green Dot by 25.0% in the 4th 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, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Green Dot by 11.2% in 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. Hedge funds and other institutional investors own 92.56% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on GDOT. Keefe, Bruyette & Woods upped 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 report on Friday, July 11th. Wall Street Zen raised shares of Green Dot from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Zacks Research raised shares of Green Dot from a "hold" rating to a "strong-buy" rating in a report on Friday. 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 note on Monday, May 12th. Finally, Northland Securities set a $16.00 price target on shares of Green Dot in a research note on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $13.00.

Insider Buying and Selling

In related news, insider Christian Devin Ruppel sold 27,931 shares of Green Dot 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 transaction, the insider owned 226,656 shares in the company, 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 SEC, which is available through this link. 1.40% of the stock is owned by company insiders.

Green Dot Stock Up 1.1%

Shares of NYSE:GDOT traded up $0.15 during trading on Tuesday, reaching $13.45. 498,837 shares of the company traded hands, compared to its average volume of 984,834. The firm has a market cap of $744.72 million, a P/E ratio of -30.56 and a beta of 0.75. The firm has a fifty day simple moving average of $11.10 and a 200 day simple moving average of $9.41. 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 1-year low of $6.12 and a 1-year high of $14.27.

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 analysts' consensus estimates of $0.17 by $0.23. The business 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%. Green Dot's revenue for the quarter was up 23.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 EPS. Green Dot has set its FY 2025 guidance at 1.280-1.420 EPS. Analysts anticipate that Green Dot Corporation will post 0.87 earnings per share for the current fiscal year.

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.