GSA Capital Partners LLP Makes New Investment 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 acquired a new stake in Green Dot Corporation (NYSE:GDOT - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 129,045 shares of the financial services provider's stock, valued at approximately $1,089,000. GSA Capital Partners LLP owned about 0.24% of Green Dot at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of GDOT. Topline Capital Management LLC acquired a new position in shares of Green Dot in the 4th quarter valued at $57,209,000. Walmart Inc. acquired a new stake in shares of Green Dot during the fourth quarter worth about $10,374,000. Dimensional Fund Advisors LP grew 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 buying an additional 363,831 shares during the last quarter. American Century Companies Inc. increased its position in Green Dot by 42.5% in the 4th quarter. American Century Companies Inc. now owns 1,041,034 shares of the financial services provider's stock valued at $11,077,000 after acquiring an additional 310,492 shares during the period. Finally, Wellington Management Group LLP purchased a new stake in Green Dot during the 4th quarter valued at approximately $2,048,000. 92.56% of the stock is currently owned by institutional investors and hedge funds.

Green Dot Trading Down 2.7%

Shares of GDOT traded down $0.27 on Friday, hitting $9.85. 951,702 shares of the stock traded hands, compared to its average volume of 839,282. Green Dot Corporation has a 1 year low of $6.12 and a 1 year high of $13.58. The stock's 50 day moving average is $10.23 and its two-hundred day moving average is $9.00. The firm has a market capitalization of $540.68 million, a P/E ratio of -75.76 and a beta of 0.76. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.07.

Green Dot (NYSE:GDOT - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.06 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $555.96 million during the quarter, compared to the consensus estimate of $503.20 million. During the same quarter in the previous year, the business earned $0.59 earnings per share. The business's revenue for the quarter was up 23.6% on a year-over-year basis. As a group, sell-side analysts predict that Green Dot Corporation will post 0.87 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GDOT. Barclays boosted their target price on Green Dot from $7.00 to $10.00 and gave the company an "underweight" rating in a report on Monday, May 12th. Northland Capmk raised shares of Green Dot from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 9th. 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 boosted their price target 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. Finally, Northland Securities raised shares of Green Dot from a "market perform" rating to an "outperform" rating and set a $12.00 price target for the company in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $12.00.

Insider Activity at Green Dot

In related news, insider Christian Devin Ruppel sold 10,189 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $11.00, for a total value of $112,079.00. Following the sale, the insider directly owned 253,139 shares of the company's stock, valued at approximately $2,784,529. This trade represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is currently owned by corporate insiders.

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.