Villanova Investment Management Co LLC Has $491,000 Position in Green Dot Corporation $GDOT

Key Points

• Villanova Investment Management Co LLC reduced its stake in Green Dot Corporation by 71.9%, resulting in ownership of 58,180 shares valued at approximately $491,000.
• Brooklyn Investment Group significantly increased its holdings in Green Dot by 350,400%, now owning 3,505 shares, reflecting growing institutional interest in the company.
• Green Dot reported a 23.9% increase in quarterly revenue year-over-year, posting $501.16 million, and beating earnings estimates with an EPS of $0.40.

Villanova Investment Management Co LLC reduced its stake in shares of Green Dot Corporation (NYSE:GDOT - Free Report) by 71.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,180 shares of the financial services provider's stock after selling 149,071 shares during the quarter. Villanova Investment Management Co LLC owned about 0.11% of Green Dot worth $491,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group grew its position in shares of Green Dot by 350,400.0% during the 1st quarter. Brooklyn Investment Group now owns 3,505 shares of the financial services provider's stock worth $30,000 after buying an additional 3,504 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Green Dot by 152.0% during the 1st quarter. GAMMA Investing LLC now owns 5,663 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 3,416 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Green Dot during the 1st quarter valued at about $96,000. Caxton Associates LLP bought a new position in shares of Green Dot during the 1st quarter valued at about $96,000. Finally, DRW Securities LLC bought a new position in shares of Green Dot during the 1st quarter valued at about $97,000. 92.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GDOT has been the topic of several recent analyst reports. Zacks Research upgraded Green Dot from a "hold" rating to a "strong-buy" rating in a report on Friday, August 22nd. Wall Street Zen upgraded Green Dot from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Keefe, Bruyette & Woods lifted their price objective on Green Dot from $11.00 to $12.00 and gave the company a "market perform" rating in a report on Friday, July 11th. Finally, Northland Securities set a $16.00 price objective on Green Dot in a report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $13.00.

Insider Buying and Selling at Green Dot

In other Green Dot news, insider Christian Devin Ruppel sold 27,931 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $12.39, for a total transaction of $346,065.09. Following the transaction, the insider owned 226,656 shares of the company's stock, 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 Securities & Exchange Commission, which is available through this link. 1.40% of the stock is owned by company insiders.

Green Dot Stock Down 0.3%

NYSE GDOT traded down $0.04 during trading on Friday, hitting $13.57. The stock had a trading volume of 415,817 shares, compared to its average volume of 658,338. The company has a market capitalization of $751.64 million, a PE ratio of -30.84 and a beta of 0.77. The company's 50-day moving average price is $11.96 and its two-hundred day moving average price is $9.83. 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 12 month low of $6.12 and a 12 month high of $14.90.

Green Dot (NYSE:GDOT - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The financial services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.23. The firm had revenue of $501.16 million for the quarter, compared to analyst estimates of $496.49 million. Green Dot had a positive return on equity of 9.93% and a negative net margin of 1.24%.The business's quarterly revenue was up 23.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.25 EPS. Green Dot has set its FY 2025 guidance at 1.280-1.420 EPS. As a group, sell-side analysts forecast 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.