Two Sigma Advisers LP Has $9.48 Million Stake in Green Dot Co. (NYSE:GDOT)

Two Sigma Advisers LP trimmed its position in Green Dot Co. (NYSE:GDOT - Free Report) by 6.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 890,908 shares of the financial services provider's stock after selling 62,300 shares during the quarter. Two Sigma Advisers LP owned approximately 1.66% of Green Dot worth $9,479,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Topline Capital Management LLC bought a new position in shares of Green Dot during the fourth quarter worth approximately $57,209,000. Vanguard Group Inc. increased its holdings in shares of Green Dot by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 3,584,651 shares of the financial services provider's stock worth $38,141,000 after purchasing an additional 71,534 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Green Dot by 20.8% during the fourth 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 period. Geode Capital Management LLC increased its holdings in shares of Green Dot by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 1,237,767 shares of the financial services provider's stock worth $13,173,000 after purchasing an additional 14,771 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of Green Dot by 42.5% during the fourth quarter. American Century Companies Inc. now owns 1,041,034 shares of the financial services provider's stock worth $11,077,000 after purchasing an additional 310,492 shares during the period. 92.56% of the stock is owned by institutional investors.

Analyst Ratings Changes

GDOT has been the topic of a number of recent analyst reports. Barclays lifted their price objective 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. Keefe, Bruyette & Woods decreased their price objective on shares of Green Dot from $12.00 to $10.00 and set a "market perform" rating on the stock in a research note on Friday, February 28th. Northland Capmk raised 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 price objective on the stock in a research note on Friday, March 14th. Finally, Northland Securities raised shares of Green Dot from a "market perform" rating to an "outperform" rating and set a $12.00 price objective on the stock in a research note on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $11.50.

Green Dot Price Performance

Green Dot stock traded down $0.09 during mid-day trading on Wednesday, reaching $9.16. The company had a trading volume of 125,063 shares, compared to its average volume of 634,707. Green Dot Co. has a fifty-two week low of $6.12 and a fifty-two week high of $13.58. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05. The company has a market cap of $502.53 million, a P/E ratio of -8.70 and a beta of 0.76. The business has a fifty day simple moving average of $8.37 and a 200 day simple moving average of $9.04.

Green Dot (NYSE:GDOT - Get Free Report) last issued its earnings results 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. Green Dot had a negative net margin of 3.39% and a positive return on equity of 3.84%. The firm had revenue of $555.96 million for the quarter, compared to analyst estimates of $503.20 million. During the same quarter last year, the business posted $0.59 earnings per share. The company's quarterly revenue was up 23.6% on a year-over-year basis. On average, equities research analysts predict that Green Dot Co. will post 0.87 earnings per share for the current year.

Insider Buying and Selling at Green Dot

In other news, insider Christian Devin Ruppel sold 10,189 shares of Green Dot stock in a transaction on Friday, May 9th. The shares were sold at an average price of $11.00, for a total transaction of $112,079.00. Following the transaction, the insider now owns 253,139 shares in the company, valued at approximately $2,784,529. The trade was a 3.87% decrease in their ownership of the stock. The sale 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.

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.