GSA Capital Partners LLP Invests $1.09 Million in Green Dot Corporation (NYSE:GDOT)

Key Points

• GSA Capital Partners LLP acquired approximately $1.09 million in shares of Green Dot Corporation, representing around 0.24% ownership of the company.
• Green Dot reported an earnings per share of $1.06 for the last quarter, surpassing analyst expectations by $0.36, with revenue increasing by 23.6% year-over-year.
• Multiple brokerages have upgraded Green Dot's stock ratings, with a consensus price target of $12.00, reflecting a positive outlook from analysts.

GSA Capital Partners LLP bought a new position in shares of Green Dot Corporation (NYSE:GDOT - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 129,045 shares of the financial services provider's stock, valued at approximately $1,089,000. GSA Capital Partners LLP owned 0.24% of Green Dot as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Green Dot during the 1st quarter worth approximately $96,000. Dimensional Fund Advisors LP boosted its stake in shares of Green Dot by 20.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,114,292 shares of the financial services provider's stock valued at $22,496,000 after buying an additional 363,831 shares during the period. Walmart Inc. acquired a new stake in Green Dot during the fourth quarter worth approximately $10,374,000. Wellington Management Group LLP bought a new position in Green Dot during the 4th quarter worth $2,048,000. Finally, ProShare Advisors LLC increased its stake in Green Dot by 45.8% during the 4th quarter. ProShare Advisors LLC now owns 16,192 shares of the financial services provider's stock worth $172,000 after acquiring an additional 5,089 shares during the period. Institutional investors and hedge funds own 92.56% of the company's stock.

Green Dot Price Performance

Shares of GDOT stock traded down $0.27 on Friday, hitting $9.85. 951,702 shares of the company's stock were exchanged, compared to its average volume of 651,146. The company has a 50 day moving average of $10.25 and a 200 day moving average of $9.01. The stock has a market cap of $540.67 million, a P/E ratio of -75.76 and a beta of 0.75. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.58 and a quick ratio of 0.58. 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 posted its earnings results on Thursday, May 8th. The financial services provider reported $1.06 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.36. Green Dot had a negative net margin of 0.31% and a positive return on equity of 8.82%. The firm had revenue of $555.96 million during the quarter, compared to analysts' expectations of $503.20 million. During the same quarter in the prior year, the business earned $0.59 earnings per share. The business's revenue for the quarter was up 23.6% compared to the same quarter last year. On average, equities research analysts predict that Green Dot Corporation will post 0.87 EPS for the current year.

Insider Buying and Selling

In other Green Dot news, insider Christian Devin Ruppel sold 10,189 shares of the business's 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 sale, the insider owned 253,139 shares of the company's stock, valued at approximately $2,784,529. The trade was a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GDOT. 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. Northland Capmk raised shares of Green Dot from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 9th. Keefe, Bruyette & Woods increased their price objective on shares of Green Dot from $11.00 to $12.00 and gave the stock a "market perform" rating in a research note on Friday, July 11th. Wall Street Zen upgraded shares of Green Dot from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Finally, Northland Securities upgraded shares of Green Dot from a "market perform" rating to an "outperform" rating and set a $12.00 price target on the stock in a research report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Green Dot has an average rating of "Moderate Buy" and a consensus price target of $12.00.

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.