Green Dot Corporation (NYSE:GDOT) Stock Position Raised by XTX Topco Ltd

XTX Topco Ltd boosted its holdings in Green Dot Corporation (NYSE:GDOT - Free Report) by 436.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 230,175 shares of the financial services provider's stock after purchasing an additional 187,293 shares during the period. XTX Topco Ltd owned about 0.42% of Green Dot worth $1,943,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new stake in shares of Green Dot in the 4th quarter valued at approximately $44,000. GAMMA Investing LLC boosted its holdings in Green Dot by 152.0% in the first quarter. GAMMA Investing LLC now owns 5,663 shares of the financial services provider's stock worth $48,000 after purchasing an additional 3,416 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Green Dot during the fourth quarter valued at $84,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Green Dot during the first quarter worth $96,000. Finally, Caxton Associates LP bought a new position in shares of Green Dot in the 4th quarter worth about $121,000. Institutional investors and hedge funds own 92.56% of the company's stock.

Insiders Place Their Bets

In other Green Dot news, insider Christian Devin Ruppel sold 10,189 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $11.00, for a total transaction of $112,079.00. Following the sale, the insider directly owned 253,139 shares in the company, valued at approximately $2,784,529. The trade was a 3.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by insiders.

Green Dot Stock Performance

Shares of GDOT traded down $0.27 during mid-day trading on Friday, reaching $9.85. 951,702 shares of the company's stock traded hands, compared to its average volume of 839,282. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.58 and a current ratio of 0.58. The business's 50-day moving average price is $10.23 and its 200-day moving average price is $9.00. The stock has a market capitalization of $540.68 million, a P/E ratio of -75.76 and a beta of 0.76. Green Dot Corporation has a 12 month low of $6.12 and a 12 month high of $13.58.

Green Dot (NYSE:GDOT - Get Free Report) last announced its earnings results on Thursday, May 8th. The financial services provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.36. Green Dot had a positive return on equity of 8.82% and a negative net margin of 0.31%. The firm had revenue of $555.96 million for the quarter, compared to the consensus estimate of $503.20 million. During the same quarter in the previous year, the business earned $0.59 EPS. The firm's revenue for the quarter was up 23.6% on a year-over-year basis. Equities analysts predict that Green Dot Corporation will post 0.87 earnings per share for the current year.

Analyst Ratings Changes

GDOT has been the topic of several research reports. 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 increased their price target on Green Dot from $11.00 to $12.00 and gave the stock a "market perform" rating in a research report on Friday, July 11th. Northland Capmk upgraded Green Dot from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 9th. Barclays upped their price objective on Green Dot from $7.00 to $10.00 and gave the stock an "underweight" rating in a research note on Monday, May 12th. Finally, Northland Securities upgraded Green Dot from a "market perform" rating to an "outperform" rating and set a $12.00 target price on the stock in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.00.

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.