Jane Street Group LLC Has $1.42 Million Holdings in Green Dot Co. (NYSE:GDOT)

Jane Street Group LLC lifted its stake in shares of Green Dot Co. (NYSE:GDOT - Free Report) by 611.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 133,338 shares of the financial services provider's stock after buying an additional 114,584 shares during the quarter. Jane Street Group LLC owned about 0.25% of Green Dot worth $1,419,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Meeder Asset Management Inc. acquired a new stake in Green Dot in the fourth quarter worth $44,000. KLP Kapitalforvaltning AS bought a new stake in Green Dot in the 4th quarter valued at about $84,000. New York State Common Retirement Fund raised its stake in Green Dot by 63.1% during the 4th quarter. New York State Common Retirement Fund now owns 11,892 shares of the financial services provider's stock worth $127,000 after buying an additional 4,600 shares during the period. Polymer Capital Management US LLC bought a new position in Green Dot in the fourth quarter worth approximately $131,000. Finally, AXQ Capital LP bought a new position in Green Dot in the fourth quarter worth approximately $166,000. Institutional investors own 92.56% of the company's stock.

Analyst Ratings Changes

GDOT has been the subject of several recent research reports. Northland Capmk upgraded Green Dot from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 9th. Northland Securities upgraded 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 report 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. Keefe, Bruyette & Woods reduced their price objective on shares of Green Dot from $12.00 to $10.00 and set a "market perform" rating for the company in a report on Friday, February 28th. Finally, Barclays upped their target price on shares of Green Dot from $7.00 to $10.00 and gave the stock an "underweight" rating in a report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Green Dot currently has a consensus rating of "Moderate Buy" and a consensus target price of $11.50.

Green Dot Trading Down 1.2%

Shares of Green Dot stock opened at $9.33 on Tuesday. The company has a market capitalization of $505.97 million, a P/E ratio of -8.89 and a beta of 0.76. The stock has a fifty day simple moving average of $8.16 and a 200 day simple moving average of $9.14. Green Dot Co. has a 12-month low of $6.12 and a 12-month 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.

Green Dot (NYSE:GDOT - Get Free Report) last posted its earnings results on Thursday, May 8th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $503.20 million. During the same quarter in the prior year, the business posted $0.59 EPS. The business's revenue was up 23.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Green Dot Co. will post 0.87 earnings per share for the current fiscal year.

Insider Transactions at Green Dot

In related 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 value of $112,079.00. Following the transaction, the insider now directly owns 253,139 shares of the company's stock, valued at approximately $2,784,529. The trade was a 3.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.40% of the company's stock.

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.

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