Strs Ohio Acquires New Shares in Green Dot Corporation $GDOT

Strs Ohio acquired a new stake in Green Dot Corporation (NYSE:GDOT - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 71,400 shares of the financial services provider's stock, valued at approximately $603,000. Strs Ohio owned about 0.13% of Green Dot at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Brooklyn Investment Group raised its holdings in Green Dot by 350,400.0% in the 1st quarter. Brooklyn Investment Group now owns 3,505 shares of the financial services provider's stock worth $30,000 after acquiring an additional 3,504 shares during the period. GAMMA Investing LLC increased its stake in Green Dot by 152.0% in the first quarter. GAMMA Investing LLC now owns 5,663 shares of the financial services provider's stock valued at $48,000 after acquiring an additional 3,416 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in Green Dot in the first quarter valued at about $96,000. Caxton Associates LLP acquired a new stake in shares of Green Dot during the first quarter worth approximately $96,000. Finally, DRW Securities LLC bought a new position in shares of Green Dot in the first quarter valued at approximately $97,000. Institutional investors own 92.56% of the company's stock.

Green Dot Price Performance

Shares of NYSE:GDOT opened at $14.47 on Friday. The firm has a 50 day moving average of $12.31 and a 200-day moving average of $10.08. The stock has a market capitalization of $801.49 million, a PE ratio of -32.89 and a beta of 0.77. Green Dot Corporation has a 12 month low of $6.12 and a 12 month high of $15.41. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.07.

Green Dot (NYSE:GDOT - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.23. The business 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 firm's quarterly revenue was up 23.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.25 EPS. Green Dot has set its FY 2025 guidance at 1.280-1.420 EPS. On average, equities research analysts predict that Green Dot Corporation will post 0.87 EPS for the current fiscal year.

Insider Transactions at Green Dot

In other Green Dot news, insider Christian Devin Ruppel sold 27,931 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $12.39, for a total value of $346,065.09. Following the completion of the transaction, the insider directly owned 226,656 shares in the company, valued at approximately $2,808,267.84. This represents a 10.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.40% of the company's stock.

Analyst Ratings Changes

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

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