Versor Investments LP Makes New Investment in Green Dot Corporation $GDOT

Key Points

• Versor Investments LP acquired 41,300 shares of Green Dot Corporation for approximately $349,000, representing about 0.08% ownership of the company.
• Green Dot reported a quarterly earnings per share of $0.40, surpassing analysts' expectations, with revenues increasing by 23.9% compared to the previous year.
• Currently, 92.56% of Green Dot's stock is owned by institutional investors, highlighting significant interest from financial institutions.

Versor Investments LP acquired a new stake in Green Dot Corporation (NYSE:GDOT - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 41,300 shares of the financial services provider's stock, valued at approximately $349,000. Versor Investments LP owned approximately 0.08% of Green Dot at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of GDOT. Topline Capital Management LLC purchased a new position in shares of Green Dot during the fourth quarter worth about $57,209,000. Walmart Inc. acquired a new position in shares of Green Dot during the 4th quarter valued at $10,374,000. Nuveen LLC acquired a new position in Green Dot in the 1st quarter worth $5,901,000. Dimensional Fund Advisors LP raised its stake in shares of Green Dot by 20.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,114,292 shares of the financial services provider's stock valued at $22,496,000 after purchasing an additional 363,831 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of Green Dot by 18.5% during the 1st quarter. American Century Companies Inc. now owns 1,234,050 shares of the financial services provider's stock valued at $10,415,000 after buying an additional 193,016 shares during the last quarter. 92.56% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Green Dot news, insider Christian Devin Ruppel sold 27,931 shares of the business's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $12.39, for a total transaction of $346,065.09. Following the completion of the sale, the insider directly owned 226,656 shares in the company, valued at $2,808,267.84. The trade was a 10.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.40% of the company's stock.

Green Dot Stock Down 0.2%

GDOT traded down $0.03 during mid-day trading on Wednesday, reaching $13.41. 341,378 shares of the stock were exchanged, compared to its average volume of 962,043. The stock has a market capitalization of $742.50 million, a PE ratio of -30.47 and a beta of 0.75. The company has a 50 day moving average price of $11.18 and a two-hundred day moving average price of $9.43. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.69 and a current ratio of 0.69. Green Dot Corporation has a 1 year low of $6.12 and a 1 year high of $14.27.

Green Dot (NYSE:GDOT - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The financial services provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.17 by $0.23. The business had revenue of $501.16 million for the quarter, compared to the consensus estimate 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 was up 23.9% compared to the same quarter last year. During the same period in the prior year, the firm 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 anticipate that Green Dot Corporation will post 0.87 EPS for the current year.

Analyst Ratings Changes

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

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.