Jacobs Levy Equity Management Inc. Sells 317,613 Shares of Green Dot Corporation $GDOT

Key Points

• Jacobs Levy Equity Management Inc. has reduced its position in Green Dot Corporation by 37.5%, now owning approximately 530,323 shares valued at $4.48 million after selling 317,613 shares in the first quarter.
• Despite Jacobs Levy's reduction, other investors like American Century Companies Inc. increased their stake by 18.5%, and overall institutional investors hold 92.56% of Green Dot’s stock.
• Green Dot recently achieved a quarterly earnings report with $0.40 earnings per share, exceeding estimates, and projected a FY 2025 guidance of 1.280-1.420 EPS.

Jacobs Levy Equity Management Inc. cut its holdings in Green Dot Corporation (NYSE:GDOT - Free Report) by 37.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 530,323 shares of the financial services provider's stock after selling 317,613 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.98% of Green Dot worth $4,476,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new position in shares of Green Dot during the first quarter worth $96,000. XTX Topco Ltd boosted its position in shares of Green Dot by 436.8% during the first quarter. XTX Topco Ltd now owns 230,175 shares of the financial services provider's stock worth $1,943,000 after purchasing an additional 187,293 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Green Dot during the first quarter worth $1,089,000. ProShare Advisors LLC boosted its position in shares of Green Dot by 45.8% during the fourth quarter. ProShare Advisors LLC now owns 16,192 shares of the financial services provider's stock worth $172,000 after purchasing an additional 5,089 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Green Dot by 21.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,896 shares of the financial services provider's stock worth $627,000 after purchasing an additional 10,422 shares in the last quarter. 92.56% of the stock is owned by institutional investors.

Green Dot Stock Down 0.3%

NYSE:GDOT traded down $0.04 on Friday, hitting $13.57. 415,817 shares of the company's stock were exchanged, compared to its average volume of 618,780. The firm has a 50-day moving average price of $11.96 and a 200-day moving average price of $9.84. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.69 and a quick ratio of 0.69. Green Dot Corporation has a 52 week low of $6.12 and a 52 week high of $14.90. The company has a market cap of $751.64 million, a P/E ratio of -30.84 and a beta of 0.77.

Green Dot (NYSE:GDOT - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The financial services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.17 by $0.23. Green Dot had a negative net margin of 1.24% and a positive return on equity of 9.93%. The firm had revenue of $501.16 million for the quarter, compared to analysts' expectations of $496.49 million. During the same period in the previous year, the firm posted $0.25 EPS. The company's revenue for the quarter was up 23.9% on a year-over-year basis. Green Dot has set its FY 2025 guidance at 1.280-1.420 EPS. As a group, analysts expect that Green Dot Corporation will post 0.87 EPS for the current fiscal year.

Insider Buying and Selling

In other Green Dot news, insider Christian Devin Ruppel sold 27,931 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $12.39, for a total transaction of $346,065.09. Following the sale, the insider directly owned 226,656 shares of the company's stock, valued at $2,808,267.84. The trade was a 10.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 1.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GDOT. Zacks Research raised shares of Green Dot from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 22nd. Keefe, Bruyette & Woods lifted 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 report on Friday, July 11th. Wall Street Zen raised shares of Green Dot from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Finally, Northland Securities set a $16.00 price target on shares of Green Dot in a research report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $13.00.

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.