Two Sigma Investments LP Has $7.02 Million Position in Green Dot Co. (NYSE:GDOT)

Two Sigma Investments LP lowered its holdings in shares of Green Dot Co. (NYSE:GDOT - Free Report) by 9.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 659,994 shares of the financial services provider's stock after selling 66,430 shares during the period. Two Sigma Investments LP owned 1.23% of Green Dot worth $7,022,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. ProShare Advisors LLC lifted its stake in shares of Green Dot by 45.8% in the fourth quarter. ProShare Advisors LLC now owns 16,192 shares of the financial services provider's stock valued at $172,000 after purchasing an additional 5,089 shares during the period. Nuveen Asset Management LLC increased its holdings in Green Dot by 1.1% in the fourth quarter. Nuveen Asset Management LLC now owns 647,396 shares of the financial services provider's stock valued at $6,888,000 after buying an additional 6,964 shares in the last quarter. Millennium Management LLC lifted its position in shares of Green Dot by 10.6% during the 4th quarter. Millennium Management LLC now owns 71,452 shares of the financial services provider's stock valued at $760,000 after acquiring an additional 6,844 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Green Dot by 4.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,460 shares of the financial services provider's stock worth $324,000 after acquiring an additional 1,292 shares in the last quarter. Finally, Graham Capital Management L.P. grew its holdings in shares of Green Dot by 25.0% in the 4th quarter. Graham Capital Management L.P. now owns 14,079 shares of the financial services provider's stock worth $150,000 after acquiring an additional 2,818 shares during the period. Institutional investors and hedge funds own 92.56% of the company's stock.

Green Dot Stock Down 1.3%

NYSE GDOT traded down $0.13 during mid-day trading on Friday, reaching $9.23. 75,477 shares of the company's stock traded hands, compared to its average volume of 635,198. 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 1-year low of $6.12 and a 1-year high of $13.58. The company has a fifty day simple moving average of $8.43 and a 200-day simple moving average of $9.03. The company has a market cap of $506.86 million, a price-to-earnings ratio of -8.82 and a beta of 0.76.

Green Dot (NYSE:GDOT - Get Free Report) last issued 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 company had revenue of $555.96 million during the quarter, compared to analyst estimates of $503.20 million. During the same quarter last year, the firm earned $0.59 EPS. The business's revenue was up 23.6% on a year-over-year basis. As a group, equities research analysts expect that Green Dot Co. will post 0.87 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GDOT. Northland Securities raised 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 research note on Wednesday, April 9th. 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 research report on Monday, May 12th. Keefe, Bruyette & Woods dropped 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 objective for the company in a research report on Friday, March 14th. Finally, Northland Capmk raised Green Dot from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $11.50.

Insider Buying and Selling

In other news, insider Christian Devin Ruppel sold 10,189 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of $11.00, for a total transaction of $112,079.00. Following the transaction, the insider now owns 253,139 shares in the company, valued at $2,784,529. This represents a 3.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.40% of the company's stock.

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.