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

Several other hedge funds and other institutional investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Green Dot by 4.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,460 shares of the financial services provider's stock valued at $324,000 after buying an additional 1,292 shares during the period. MetLife Investment Management LLC lifted its holdings in Green Dot by 5.1% in the first quarter. MetLife Investment Management LLC now owns 30,396 shares of the financial services provider's stock valued at $257,000 after buying an additional 1,483 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Green Dot by 11.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 18,356 shares of the financial services provider's stock valued at $155,000 after buying an additional 1,843 shares during the period. Graham Capital Management L.P. lifted its holdings in Green Dot by 25.0% in the fourth quarter. Graham Capital Management L.P. now owns 14,079 shares of the financial services provider's stock valued at $150,000 after buying an additional 2,818 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in Green Dot by 2.0% in the fourth quarter. BNP Paribas Financial Markets now owns 151,142 shares of the financial services provider's stock valued at $1,608,000 after buying an additional 3,035 shares during the period. Institutional investors and hedge funds own 92.56% of the company's stock.

Insider Activity at Green Dot

In other news, insider Christian Devin Ruppel sold 27,931 shares of the business'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 sale, the insider directly owned 226,656 shares of the company's stock, valued at $2,808,267.84. The trade was a 10.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

GDOT has been the subject of several research analyst reports. Wall Street Zen raised shares of Green Dot from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. 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 research note on Friday, July 11th. Zacks Research raised shares of Green Dot from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 22nd. Finally, Northland Securities set a $16.00 price target on shares of Green Dot in a research note on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $13.00.

Green Dot Stock Up 1.0%

Shares of NYSE:GDOT traded up $0.14 during midday trading on Tuesday, hitting $13.79. 179,107 shares of the company's stock were exchanged, compared to its average volume of 835,644. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a 50 day moving average price of $12.01 and a 200-day moving average price of $9.89. The company has a market cap of $763.83 million, a PE ratio of -31.42 and a beta of 0.77. 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 earnings results on Monday, August 11th. The financial services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.17 by $0.23. The company had revenue of $501.16 million during 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 firm's revenue for the quarter was up 23.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 earnings per share. Green Dot has set its FY 2025 guidance at 1.280-1.420 EPS. On average, sell-side analysts anticipate that Green Dot Corporation will post 0.87 EPS for the current fiscal 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.