Fuller & Thaler Asset Management Inc. Buys Shares of 93,547 Green Dot Corporation $GDOT

Key Points

• Fuller & Thaler Asset Management Inc. acquired a new stake in Green Dot Corporation (GDOT), purchasing 93,547 shares valued at approximately $790,000.
• Green Dot reported earnings per share of $0.40 for the most recent quarter, exceeding analysts' expectations of $0.17 and marking a revenue increase of 23.9% year over year.
• Institutional investors own 92.56% of Green Dot's stock, showing significant interest from large financial entities.

Fuller & Thaler Asset Management Inc. acquired a new position in shares of Green Dot Corporation (NYSE:GDOT - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 93,547 shares of the financial services provider's stock, valued at approximately $790,000. Fuller & Thaler Asset Management Inc. owned about 0.17% of Green Dot at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of GDOT. Topline Capital Management LLC acquired a new position in shares of Green Dot during the 4th quarter worth about $57,209,000. Walmart Inc. acquired a new position in shares of Green Dot during the 4th quarter worth about $10,374,000. Nuveen LLC acquired a new position in shares of Green Dot during the 1st quarter worth about $5,901,000. Dimensional Fund Advisors LP increased its stake in shares of Green Dot by 20.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,114,292 shares of the financial services provider's stock worth $22,496,000 after purchasing an additional 363,831 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Green Dot by 18.5% during the 1st quarter. American Century Companies Inc. now owns 1,234,050 shares of the financial services provider's stock worth $10,415,000 after purchasing an additional 193,016 shares during the last quarter. 92.56% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Green Dot news, insider Christian Devin Ruppel sold 27,931 shares of the firm's stock in a transaction that occurred 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 sale, the insider owned 226,656 shares in the company, valued at $2,808,267.84. This trade represents a 10.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.40% of the stock is owned by corporate insiders.

Green Dot Price Performance

NYSE GDOT traded down $0.1150 on Monday, hitting $13.3550. 230,090 shares of the company's stock were exchanged, compared to its average volume of 855,237. The stock has a 50-day moving average of $10.97 and a 200-day moving average of $9.35. The company has a current ratio of 0.69, a quick 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 $14.27. The stock has a market cap of $739.73 million, a price-to-earnings ratio of -30.37 and a beta of 0.75.

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, topping 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 firm had revenue of $501.16 million during the quarter, compared to analysts' expectations of $496.49 million. During the same period in the prior year, the company earned $0.25 earnings per share. The company's quarterly 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. Analysts expect that Green Dot Corporation will post 0.87 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on GDOT shares. Wall Street Zen upgraded shares of Green Dot from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Keefe, Bruyette & Woods upped their target price 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 target price 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 target price on Green Dot in a research report on Tuesday, August 12th. One 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. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price 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.