Green Dot Co. (NYSE:GDOT) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP trimmed its position in Green Dot Co. (NYSE:GDOT - Free Report) by 6.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 890,908 shares of the financial services provider's stock after selling 62,300 shares during the period. Two Sigma Advisers LP owned 1.66% of Green Dot worth $9,479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new stake in Green Dot during the 4th quarter valued at about $44,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Green Dot during the fourth quarter worth about $84,000. Caxton Associates LP purchased a new stake in Green Dot in the fourth quarter valued at approximately $121,000. New York State Common Retirement Fund boosted its position in Green Dot by 63.1% in the fourth quarter. New York State Common Retirement Fund now owns 11,892 shares of the financial services provider's stock valued at $127,000 after buying an additional 4,600 shares during the last quarter. Finally, Polymer Capital Management US LLC acquired a new position in Green Dot in the 4th quarter worth approximately $131,000. Hedge funds and other institutional investors own 92.56% of the company's stock.

Wall Street Analyst Weigh In

GDOT has been the subject of several research reports. Northland Capmk upgraded shares of Green Dot from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 9th. Craig Hallum raised shares of Green Dot from a "hold" rating to a "buy" rating and set a $14.00 target price for the company in a report on Friday, March 14th. Keefe, Bruyette & Woods lowered their price target on shares of Green Dot from $12.00 to $10.00 and set a "market perform" rating on the stock in a report on Friday, February 28th. Barclays increased their price target on Green Dot from $7.00 to $10.00 and gave the stock an "underweight" rating in a research report on Monday, May 12th. Finally, Northland Securities raised Green Dot from a "market perform" rating to an "outperform" rating and set a $12.00 price objective for the company in a report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $11.50.

Green Dot Stock Performance

Shares of NYSE:GDOT traded up $0.29 during trading on Tuesday, hitting $9.34. 539,040 shares of the stock traded hands, compared to its average volume of 635,377. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.05. The company has a fifty day moving average price of $8.34 and a two-hundred day moving average price of $9.04. Green Dot Co. has a 52-week low of $6.12 and a 52-week high of $13.58. The company has a market cap of $512.41 million, a price-to-earnings ratio of -8.86 and a beta of 0.76.

Green Dot (NYSE:GDOT - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.36. The company had revenue of $555.96 million during the quarter, compared to analysts' expectations of $503.20 million. Green Dot had a negative net margin of 3.39% and a positive return on equity of 3.84%. The firm's revenue for the quarter was up 23.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.59 earnings per share. As a group, equities analysts predict that Green Dot Co. will post 0.87 EPS for the current year.

Insider Buying and Selling at Green Dot

In other Green Dot news, insider Christian Devin Ruppel sold 10,189 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $11.00, for a total value of $112,079.00. Following the transaction, the insider now owns 253,139 shares in the company, valued at approximately $2,784,529. This trade represents a 3.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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.