PDT Partners LLC Sells 53,461 Shares of Green Dot Corporation $GDOT

Key Points

• PDT Partners LLC reduced its holdings in Green Dot Corporation by 72.6% during the first quarter, now owning 20,223 shares valued at $171,000 after selling 53,461 shares.
• Green Dot's most recent earnings report showed an earnings per share of $0.40, exceeding analysts' expectations and reflecting a 23.9% revenue increase year-over-year.
• Institutional investors own approximately 92.56% of Green Dot's stock, highlighting the significant interest from larger investment firms.

PDT Partners LLC trimmed its position in Green Dot Corporation (NYSE:GDOT - Free Report) by 72.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,223 shares of the financial services provider's stock after selling 53,461 shares during the quarter. PDT Partners LLC's holdings in Green Dot were worth $171,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of GDOT. Price T Rowe Associates Inc. MD boosted its holdings in shares of Green Dot by 21.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,896 shares of the financial services provider's stock worth $627,000 after buying an additional 10,422 shares during the period. Jane Street Group LLC boosted its holdings in shares of Green Dot by 611.0% during the 4th quarter. Jane Street Group LLC now owns 133,338 shares of the financial services provider's stock worth $1,419,000 after buying an additional 114,584 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Green Dot by 2.0% during the 4th quarter. BNP Paribas Financial Markets now owns 151,142 shares of the financial services provider's stock worth $1,608,000 after buying an additional 3,035 shares during the period. Bank of America Corp DE boosted its holdings in shares of Green Dot by 15.5% during the 4th quarter. Bank of America Corp DE now owns 117,453 shares of the financial services provider's stock worth $1,250,000 after buying an additional 15,767 shares during the period. Finally, Caxton Associates LP bought a new stake in shares of Green Dot during the 4th quarter worth $121,000. 92.56% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Green Dot news, insider Christian Devin Ruppel sold 27,931 shares of the firm'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 completion of the transaction, the insider owned 226,656 shares in the company, valued at $2,808,267.84. This trade represents a 10.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GDOT. Zacks Research raised shares of Green Dot from a "hold" rating to a "strong-buy" rating in a report on Friday, August 22nd. Northland Securities set a $16.00 price objective on shares of Green Dot in a report on Tuesday, August 12th. Wall Street Zen raised shares of Green Dot from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Barclays increased their price target on shares of Green Dot from $7.00 to $10.00 and gave the company an "underweight" rating in a report on Monday, May 12th. Finally, Keefe, Bruyette & Woods lifted their target price on Green Dot from $11.00 to $12.00 and gave the stock a "market perform" rating in a research report on Friday, July 11th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Green Dot has a consensus rating of "Moderate Buy" and a consensus target price of $13.00.

Green Dot Price Performance

GDOT traded up $0.76 during midday trading on Tuesday, reaching $14.59. 1,233,124 shares of the company's stock were exchanged, compared to its average volume of 844,812. The firm has a market capitalization of $808.14 million, a price-to-earnings ratio of -33.16 and a beta of 0.77. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.07. Green Dot Corporation has a one year low of $6.12 and a one year high of $14.90. The business has a 50-day simple moving average of $11.74 and a two-hundred day simple moving average of $9.69.

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

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.