Mackenzie Financial Corp Invests $291,000 in Green Dot Co. (NYSE:GDOT)

Mackenzie Financial Corp purchased a new stake in shares of Green Dot Co. (NYSE:GDOT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 27,353 shares of the financial services provider's stock, valued at approximately $291,000. Mackenzie Financial Corp owned 0.05% of Green Dot as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. Empowered Funds LLC grew its holdings in Green Dot by 5.1% during the fourth quarter. Empowered Funds LLC now owns 185,482 shares of the financial services provider's stock valued at $1,974,000 after purchasing an additional 9,044 shares during the period. Principal Financial Group Inc. increased its holdings in Green Dot by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 260,772 shares of the financial services provider's stock worth $2,775,000 after acquiring an additional 7,642 shares during the last quarter. New York State Common Retirement Fund raised its stake in Green Dot by 63.1% in the 4th quarter. New York State Common Retirement Fund now owns 11,892 shares of the financial services provider's stock valued at $127,000 after acquiring an additional 4,600 shares during the period. Illinois Municipal Retirement Fund raised its stake in Green Dot by 12.2% in the 4th quarter. Illinois Municipal Retirement Fund now owns 27,070 shares of the financial services provider's stock valued at $288,000 after acquiring an additional 2,954 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in Green Dot during the fourth quarter valued at about $294,000. Institutional investors own 92.56% of the company's stock.

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 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 completion of the transaction, the insider now owns 253,139 shares of the company's stock, valued at $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 is available at this hyperlink. 1.40% of the stock is owned by company insiders.

Green Dot Price Performance

Shares of Green Dot stock traded up $0.35 during trading on Friday, hitting $9.58. The stock had a trading volume of 683,925 shares, compared to its average volume of 647,261. 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 Co. has a 12 month low of $6.12 and a 12 month high of $13.58. The firm has a market cap of $525.58 million, a price-to-earnings ratio of -9.12 and a beta of 0.73. The business's 50-day moving average is $8.54 and its 200 day moving average is $8.98.

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 the consensus estimate of $0.70 by $0.36. Green Dot had a positive return on equity of 3.84% and a negative net margin of 3.39%. The business had revenue of $555.96 million during the quarter, compared to analysts' expectations of $503.20 million. During the same period in the previous year, the business earned $0.59 earnings per share. The firm's revenue was up 23.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Green Dot Co. will post 0.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GDOT has been the subject of a number of recent research reports. 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 research note on Friday, February 28th. Craig Hallum upgraded Green Dot from a "hold" rating to a "buy" rating and set a $14.00 price target for the company in a research report on Friday, March 14th. Northland Capmk upgraded Green Dot from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 9th. Northland Securities upgraded Green Dot from a "market perform" rating to an "outperform" rating and set a $12.00 target price for the company in a research note on Wednesday, April 9th. Finally, Barclays lifted 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $11.50.

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.