Y Intercept Hong Kong Ltd Acquires New Holdings in Green Dot Corporation (NYSE:GDOT)

Key Points

• Y Intercept Hong Kong Ltd acquired 82,048 shares of Green Dot Corporation, valued at approximately $692,000, representing about 0.15% ownership in the company.
• Green Dot's stock recently experienced a 1.4% increase and has seen a one-year price range between $6.12 and $13.58.
• The company's quarterly earnings were strong, with a reported $1.06 earnings per share, surpassing analyst expectations of $0.70.

Y Intercept Hong Kong Ltd acquired a new position in Green Dot Corporation (NYSE:GDOT - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 82,048 shares of the financial services provider's stock, valued at approximately $692,000. Y Intercept Hong Kong Ltd owned 0.15% of Green Dot as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in Green Dot in the 4th quarter valued at about $44,000. GAMMA Investing LLC lifted its holdings in Green Dot by 152.0% in the 1st 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 last quarter. KLP Kapitalforvaltning AS acquired a new stake in Green Dot in the 4th quarter valued at about $84,000. Caxton Associates LP acquired a new stake in Green Dot in the 4th quarter valued at about $121,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Green Dot in the 1st quarter valued at about $96,000. Institutional investors and hedge funds own 92.56% of the company's stock.

Analyst Ratings Changes

GDOT has been the subject of a number of research analyst reports. Barclays upped their price target on shares of Green Dot from $7.00 to $10.00 and gave the company an "underweight" rating in a report on Monday, May 12th. Keefe, Bruyette & Woods upped their price objective 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. Wall Street Zen raised shares of Green Dot from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Northland Securities raised shares of Green Dot from a "market perform" rating to an "outperform" rating and set a $12.00 price objective for the company in a research note on Wednesday, April 9th. Finally, Northland Capmk raised shares of Green Dot from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Green Dot presently has an average rating of "Moderate Buy" and a consensus price target of $12.00.

Green Dot Stock Down 0.4%

Shares of NYSE GDOT traded down $0.05 during mid-day trading on Tuesday, reaching $10.52. The company had a trading volume of 628,147 shares, compared to its average volume of 836,232. The stock has a fifty day moving average of $10.17 and a two-hundred day moving average of $8.98. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market capitalization of $577.17 million, a price-to-earnings ratio of -80.88 and a beta of 0.76. Green Dot Corporation has a 12-month low of $6.12 and a 12-month high of $13.58.

Green Dot (NYSE:GDOT - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.36. The business had revenue of $555.96 million during the quarter, compared to analyst estimates of $503.20 million. Green Dot had a negative net margin of 0.31% and a positive return on equity of 8.82%. The firm's revenue was up 23.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 earnings per share. As a group, equities research analysts expect that Green Dot Corporation will post 0.87 EPS for the current year.

Insider Activity

In other news, insider Christian Devin Ruppel sold 10,189 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $11.00, for a total value of $112,079.00. Following the completion of the sale, the insider directly owned 253,139 shares of the company's stock, valued at $2,784,529. This represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by company insiders.

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.